Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 159.75 | +0.0844 | pay 0.0105% / 1h | 23m 24s | $15K | $150K | 20x | Long TxFlow5% off | |
| SHORT | 159.74 | +0.0085 | get 0.0011% / 1h | 23m 24s | $7.9M | $1.4M | 15x | Short Entropy |
Price gap−0.006%
Funding gap−0.0758% /8h
The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $23 a day and eats that in about 3 hours. At the last 7 days' pace that is about 14 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$38−0.0758% /8h now · paid −0.379% over the last 7D
Price+$3spread −0.006% now, avg −0.039% → +0.032% if it goes back
Costs−$350.354% of $10k · taker + slippage, in and out
Result−$70−0.70%+ 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 −0.379% in total, about −0.0180%/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−0.006%
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
/8hNBIS on 35 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Large against open interest12.4 / 6.4 bp$10k is over 10% of TxFlow’s open interest.
- Note: Margin at max leverage$500 + $667TxFlow 20x, Entropy 15x. 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: −$22.75Long TxFlow: 24 payments, −$25.32; short Entropy: 24 payments, +$2.56.
- OK: Entry gap works for you−0.006% vs −0.039%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$15K vs $7.9M OITxFlow 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 · Entropy NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0180%/8h × 21 periods−$37.88
Price spread−0.006% → −0.039% (7d avg)+$3.24
Slippage, 4 orderslive order books−$24.55
Fee TxFlow bp × 2 orders−$9.00
Fee Entropy bp × 2 orders−$1.80
Net · 7 days · $10k−$69.99
Costs to cover0.354%Break-evennever at this rate
Slippage: TxFlow: live order book, 36 min ago; Entropy: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow2.2012.4 bp−$1242.3 bp−$423doesn’t fitdoesn’t fit
SELL · SHORTEntropy0.636.4 bp−$647.0 bp−$470doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-15 18:30 | Kalshi | Other | JUST IN: Nebius Group is down roughly 20% since Michael Burry disclosed his short position @Kalshi on X ↗ |
| 10-15 16:35 | Vest Markets | Other | Neocloud names are extending losses today, with $NBIS down around 5% on the session, on top of a 10% drawdown yesterday. Gartner published a report on Wednesday on AI infrastructure spending, naming neoclouds among the segments most exposed to the gap between revenue and capex. The move is broader across the group, with $IREN down around 8% and $CRWV around 2.3% on the session. @VestExchange on X ↗ |
| 10-08 15:01 | Vest Markets | Other | Trade $IREN, $NBIS and broader AI infrastructure volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗ |
| 10-08 15:01 | Vest Markets | Other | AI infrastructure names are extending losses, with $IREN down around 5% and $NBIS around 3% on the session. On Wednesday, SemiAnalysis posted user reports of multi-day outages and storage failures at the legacy $IREN sites in British Columbia. $NBIS is on a second session of losses, with a filing showing its COO sold 500,000 shares on Monday under a preset trading plan. @VestExchange on X ↗ |
| 10-07 21:53 | BingX | Other | Is $NBIS entering its next growth phase? 👀 Nebius is strengthening its AI stack with Inferize while scaling U.S. infrastructure. See the full breakdown👇 @BingXOfficial on X ↗ |
| 10-06 16:38 | Vest Markets | Other | AI-infrastructure names are trading higher, with $NBIS up around 8% on the session. Inference-optimization firm Inferize has been added to the Token Factory platform, alongside 50 MW of data-center capacity under a 12-year deal. Trade $NBIS volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗ |
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