Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.7077 | +0.0020 | pay 0.0002% / 1h | 3m 30s | $2.3M | $983K | 50x | Long TxFlow5% off | |
| SHORT | 1.7114 | −0.0188 | pay 0.0024% / 1h | 3m 30s | $200K | $20K | 5x | Short Phoenix |
Price gap+0.217%
Funding gap−0.0208% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $6 a day and eats that in about 14 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$83−0.0208% /8h now · paid −0.830% over the last 7D
Price+$4spread +0.217% now, avg +0.180% → +0.036% if it goes back
Costs−$620.621% of $10k · taker + slippage, in and out
Result−$141−1.41%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.217%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hZRO on 30 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Thin at this size9.7 / 20.6 bpAt $10k entering Phoenix costs 20.6 bp, fee and slippage, 2.1× TxFlow’s.
- Note: Margin at max leverage$200 + $2,000TxFlow 50x, Phoenix 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$6.24Long TxFlow: 24 payments, −$0.59; short Phoenix: 24 payments, −$5.65.
- OK: Entry gap works for you+0.217% vs +0.180%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$200K vs $2.3M OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0395%/8h × 21 periods−$83.02
Price spread+0.217% → +0.180% (7d avg)+$3.62
Slippage, 4 orderslive order books−$46.08
Fee TxFlow bp × 2 orders−$9.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$141.48
Costs to cover0.621%Break-evennever at this rate
Slippage: TxFlow: live order book, 1 min ago; Phoenix: live order book, 19 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow0.299.7 bp−$1026.0 bp−$260doesn’t fitdoesn’t fit
SELL · SHORTPhoenix2.9220.6 bp−$2159.3 bp−$593doesn’t fitdoesn’t fit
Closing costs about the same again.
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