Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 70.890 | +0.0589 | pay 0.0074% / 1h | 57m 14s | $70K | $371K | 20x | Long TxFlow5% off | |
| SHORT | 71.171 | +0.0231 | get 0.0231% / 8h | 57m 14s | $1.6M | $3.9M | 20x | Short Variational Omni+15% pts |
Price gap+0.396%
Funding gap−0.0358% /8h
The gap pays +$40 on $10k if it goes back to its 7d average, but funding costs $11 a day and eats that in about 3.8 days. At the last 7 days' pace that is about 18 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$16−0.0358% /8h now · paid −0.161% over the last 7D
Price+$40spread +0.396% now, avg −0.008% → +0.404% if it goes back
Costs−$300.300% of $10k · taker + slippage, in and out
Result−$6−0.06%+ Points / potential airdropTxFlow: points · Variational Omni: 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 −0.161% in total, about −0.0076%/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+0.396%
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: Large against open interest7.2 / 8.7 bp$10k is over 10% of TxFlow’s open interest.
- Note: Margin at max leverage$500 + $500TxFlow 20x, Variational Omni 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$10.74Long TxFlow: 24 payments, −$17.66; short Variational Omni: 3 payments, +$6.92.
- OK: Entry gap works for you+0.396% vs −0.008%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$70K vs $1.6M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow points · Variational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0076%/8h × 21 periods−$16.05
Price spread+0.396% → −0.008% (7d avg)+$40.39
Slippage, 4 orderslive order books−$21.00
Fee TxFlow bp × 2 orders−$9.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$5.66
Costs to cover0.300%Break-evenfrom the start
Slippage: TxFlow: live order book, 38 min ago; Variational Omni: RFQ quote, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow2.057.2 bp−$713.0 bp−$130109.0 bp−$10.9Kdoesn’t fit
SELL · SHORTVariational Omni2.938.7 bp−$914.5 bp−$145doesn’t fitdoesn’t fit
Closing costs about the same again.
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