TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG120.38−0.0003get 0.0003% / 8h6h 07m$164K$8K20xLong BloFin
SHORT119.88−0.0294pay 0.0037% / 1h7m 11s$3.1M$3.7M10xShort tradeXYZ
Price gap−0.415%
Funding gap−0.0291% /8h

Both sides work against this direction now: funding costs $9 a day on $10k and the gap is 0.209% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$11−0.0291% /8h now · paid −0.113% over the last 7D
Price−$21spread −0.415% now, avg −0.206% → −0.209% if it goes back
Costs−$730.735% of $10k · taker + slippage, in and out
Result−$106−1.06%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.113% in total, about −0.0054%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.415%
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

/8h

BX on 18 exchanges

lowest funding first

Before you open

1 ok · 5 to watch
  • Watch: Thin at this size19.6 / 15.4 bp
    At $10k entering BloFin costs 19.6 bp, fee and slippage, 1.3× tradeXYZ’s.
  • Note: Margin at max leverage$500 + $1,000
    BloFin 20x, tradeXYZ 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$8.72Long BloFin: 3 payments, +$0.09; short tradeXYZ: 24 payments, −$8.81.
  • Watch: Gap narrower than usual−0.415% vs −0.206%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$164K vs $3.1M OI
    BloFin sets your exit cost. Check its book before closing.
  • OK: Points on a legtradeXYZ points
    Volume here counts toward the points program.
  • Watch: KYCBloFin Limited · tradeXYZ No
    No ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0054%/8h × 21 periods−$11.35
Price spread−0.415% → −0.206% (7d avg)−$20.93
Slippage, 4 orderslive order books−$59.65
Fee BloFin bp × 2 orders−$12.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$105.73
Costs to cover0.735%Break-evennever at this rate
Slippage: BloFin: live order book, 24 min ago; tradeXYZ: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBloFin2.0719.6 bp−$2087.3 bp−$873doesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ2.5115.4 bp−$15127.2 bp−$1,272doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

BX news

posts that mention BX or Blackstone, from every exchangeSearch all news →
10-30 17:01Markets by KinetiqOtherJUST IN: Anthropic $ANT may not secure "investment grade" rating after IPO, due to massive outstanding liabilities, Blackstone tells investors - FT @Markets_xyz on X ↗
10-27 13:30Vest MarketsOtherInto the open, $AVGO is up around 3%, with a $63B deal announced yesterday to fund Broadcom chips leased to Anthropic. Bank of America, Citi and Morgan Stanley are arranging the first lien and Blackstone the second, via a new vehicle that buys the hardware. Broadcom provides residual value support equal to the first lien, with deliveries starting in 2027 and $AVGO adding to a 2.3% gain in the prior session. @VestExchange on X ↗
10-20 15:02tradeXYZOtherBig week for earnings on TradeXYZ: Tue 10/20: SpaceX (SPCX), Netflix (NFLX) Wed 10/21: Tesla (TSLA), Meta (META), IBM, Lam Research (LRCX) Thu 10/22: Nokia (NOK), Western Digital (WDC), Bloom Energy (BE), Blackstone (BX) @tradexyz on X ↗
10-18 06:20KalshiOtherJUST IN: Anthropic offers Blackstone more than 10% yield in exchange for a $60 billion chip debt package @Kalshi on X ↗
09-29 09:26BloFinListingnew market BX-USDT ($BX) seen by our collector
09-29 04:16BloFinListingBloFin Futures will list the $BRKB-USDT, $BX-USDT, $KO-USDT, and $DKNG-USDT Perpetual Contracts 🫡 Trade to take advantage of: ✅ 0% Maker Fees ✅ 50% off Taker Fees Details: @BloFin_Official on X ↗