Funding arb · Price arb / RWA

COIN

RWAAll COIN markets →

LONGTxFlow▾edgeX −0.0041%Aster 0.0000%Extended 0.0000%Binance 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%Phoenix 0.0000%SunX 0.0000%HTX 0.0000%Lighter +0.0032%Lighter RH +0.0032%Arcus +0.0038%Vest Markets +0.0046%Popdex +0.0048%Polymarket Perps +0.0050%Avantis +0.0068%OKX +0.0092%Orderly +0.0098%ApeX Omni +0.0100%TxFlow +0.0100%Aevo +0.0104%BloFin +0.0120%AZverse +0.0124%BingX +0.0130%Bybit +0.0163%Ondo Perps +0.0169%tradeXYZ +0.0178%SoDEX +0.0274%KuCoin +0.0428%Kraken Futures +0.1502%

⇄⇅

SHORTInjective▾Kraken Futures +0.1502%KuCoin +0.0428%SoDEX +0.0274%tradeXYZ +0.0178%Ondo Perps +0.0169%Bybit +0.0163%BingX +0.0130%AZverse +0.0124%BloFin +0.0120%Aevo +0.0104%ApeX Omni +0.0100%Orderly +0.0098%OKX +0.0092%Polymarket Perps +0.0050%Popdex +0.0048%Vest Markets +0.0046%Arcus +0.0038%Lighter +0.0032%Lighter RH +0.0032%Avantis −0.0032%Aster 0.0000%Extended 0.0000%Binance 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%Phoenix 0.0000%SunX 0.0000%HTX 0.0000%edgeX −0.0041%Injective −0.0440%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowCOIN-USDC	146.01	+0.0100	pay 0.0013% / 1h	28m 35s	$35K	$184K	15x	Long TxFlow5% off
SHORT	InjectiveCOIN/USDC PERP	145.15	−0.0440	pay 0.0055% / 1h	28m 35s	$66K	$124K	25x	Short Injective

Price gap−0.589%58s

Funding gap−0.0540% /8h

Both sides work against this direction now: funding costs $16 a day on $10k and the gap is 0.551% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.355% in total, about −0.0169%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.589%

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

24H3D7D14D30D90D

TxFlowInjective

COIN on 35 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

• i
  Note: Order book unknown—

  No order-book sample for Injective: its slippage is not counted.
• i
  Note: Margin at max leverage$667 + $400

  TxFlow 15x, Injective 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long TxFlow · 1h−$3.00

  Short Injective · 1h−$13.20

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$16.20Long TxFlow: 24 payments, −$3.00; short Injective: 24 payments, −$13.20.
• !
  Watch: Prices read 58 s apart−0.589% vs −0.038%

  Part of this gap may be the market moving.
• !
  Watch: Long leg is thinner$35K vs $66K OI

  TxFlow sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legTxFlow points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legTxFlow No · Injective No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0169%/8h × 21 periods−$35.47

Price spreadprices read too far apart to compare—

Slippage, 4 ordersno data for Injective—

Fee TxFlow bp × 2 orders−$9.00

Fee Injective bp × 2 orders−$0.02

Net, fees only · 7 days · $10k−$44.49

price spread not counted: prices read too far apart

Costs to cover0.090%Break-evennever at this rate

Slippage: TxFlow: live order book, 22 min ago; Injective: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGTxFlow1.7111.9 bp−$1245.2 bp−$452doesn’t fitdoesn’t fit

SELL · SHORTInjective—————

Closing costs about the same again.
Injective: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

COIN news

posts that mention COIN or Coinbase Global, from every exchangeSearch all news →

10-29 20:33	Variational Omni	Other	$COIN Earnings Call @variational_io on X ↗
10-29 14:50	Phoenix	Other	Five Phoenix-listed equities report after the close today. $SNDK 4:30pm ET. $AMZN, $INTC, $MSTR and $COIN 5:00pm ET. Trade them 24/7 on Phoenix. @PhoenixTrade on X ↗
10-29 10:00	MEXC	Other	Three earnings. Which one gets the green candle? 👀 ☁️ $AMZN: AWS growth vs. spending 💾 $SNDK: NAND pricing power 🪙 $COIN: Trading revenue recovery All report after the U.S. close today. Your pick? 👇 #MEXC @MEXC on X ↗
10-27 15:08	tradeXYZ	Other	Earnings this week on TradeXYZ: Tue 10/27: Robinhood (HOOD), SK hynix (SKHX, SKHY) Wed 10/28: Microsoft (MSFT), Alphabet (GOOGL), ServiceNow (NOW), GE Vernova (GEV), United Microelectronic Corp (UMC), eBay (EBAY) Thu 10/29: Eli Lilly (LLY), Samsung (SAMSUNG), Amazon (AMZN), Intel (INTC), Sandisk (SNDK), Coinbase (COIN), Strategy (MSTR), Reddit (RDDT), Rivian (RIVN) Fri 10/30: Chevron (CVX), Kioxia (KIOXIA) @tradexyz on X ↗
10-27 13:21	Ondo Perps	Other	Eligible perps markets for the Liquidity Pool: ▸ Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX ▸ Indices: US 500, US 100 ▸ ETFs: DRAM, SOXL ▸ Commodities: Gold, Silver, WTI ▸ Crypto: BTC, ETH Rewards are paid in USDC directly to your trading account within 48 hours of each week’s close. Trade Now → @OndoPerps on X ↗
10-26 22:17	Polymarket Perps	Other	One of the biggest earnings weeks of the season is here. Tue Oct 27 • SKHY • SKHYNIX • HOOD Wed Oct 28 • SAMSUNG • MSFT • GOOGL Thu Oct 29 • AMZN • INTC • SNDK • MSTR • STRC • COIN Trade every report on Polymarket Perps👇 @Poly_Perps on X ↗