Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 120.38 | −0.0003 | get 0.0003% / 8h | 6h 07m | $164K | $8K | 20x | Long BloFin | |
| SHORT | 119.88 | −0.0294 | pay 0.0037% / 1h | 7m 11s | $3.1M | $3.7M | 10x | Short 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 forecastFunding−$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 · 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−0.415%
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
/8hBX on 18 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size19.6 / 15.4 bpAt $10k entering BloFin costs 19.6 bp, fee and slippage, 1.3× tradeXYZ’s.
- Note: Margin at max leverage$500 + $1,000BloFin 20x, tradeXYZ 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments 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 OIBloFin sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCBloFin Limited · tradeXYZ NoNo 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 outPosition, each legHold forOrdersPrice spreadFunding 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 agoCost to enter
taker + slippage from mid, one sideBUY · 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.
| 10-30 17:01 | Markets by Kinetiq | Other | JUST 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 13:30 | Vest Markets | Other | Into 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 15:02 | tradeXYZ | Other | Big 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 06:20 | Kalshi | Other | JUST IN: Anthropic offers Blackstone more than 10% yield in exchange for a $60 billion chip debt package @Kalshi on X ↗ |
| 09-29 09:26 | BloFin | Listing | new market BX-USDT ($BX) seen by our collector |
| 09-29 04:16 | BloFin | Listing | BloFin 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 ↗ |


Kalshi