Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 71.410 | +0.0796 | pay 0.0100% / 1h | 52m 51s | $71K | $374K | 20x | Long TxFlow5% off | |
| SHORT | 71.145 | +0.0353 | get 0.0044% / 1h | 52m 51s | $1K | $190K | 10x | Short Aftermath Perps5% off |
Price gap−0.371%
Funding gap−0.0444% /8h
Both sides work against this direction now: funding costs $13 a day on $10k and the gap is 0.351% 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+$8−0.0444% /8h now · paid +0.077% over the last 7D
Price−$35spread −0.371% now, avg −0.019% → −0.351% if it goes back
Costs−$820.819% of $10k · taker + slippage, in and out
Result−$109−1.09%+ Points / potential airdropTxFlow: 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 +0.077% in total, about +0.0037%/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−0.371%
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
/8hINTC on 43 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size10.7 / 31.1 bpAt $10k entering Aftermath Perps costs 31.1 bp, fee and slippage, 2.9× TxFlow’s.
- Note: Margin at max leverage$500 + $1,000TxFlow 20x, Aftermath Perps 10x. 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: −$13.32Long TxFlow: 24 payments, −$23.89; short Aftermath Perps: 24 payments, +$10.58.
- Watch: Gap narrower than usual−0.371% vs −0.019%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$1K vs $71K OIAftermath Perps 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 · Aftermath Perps NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0037%/8h × 21 periods+$7.73
Price spread−0.371% → −0.019% (7d avg)−$35.13
Slippage, 4 orderslive order books−$63.87
Fee TxFlow bp × 2 orders−$9.00
Fee Aftermath Perps bp × 2 orders−$9.00
Net · 7 days · $10k−$109.27
Costs to cover0.819%Break-even106.0 days
Slippage: TxFlow: live order book, 38 min ago; Aftermath Perps: live order book, 60 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow2.8110.7 bp−$1119.0 bp−$19053.0 bp−$5,300doesn’t fit
SELL · SHORTAftermath Perps14.8631.1 bp−$31doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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