TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG1,423.6+0.0100pay 0.0013% / 1h51m 03s$9K$124K20xLong TxFlow5% off
SHORT1,445.3+0.0050get 0.0006% / 1h51m 03s$70K$10K5xShort Kraken Futures
Price gap+1.521%
Funding gap−0.0050% /8h

The gap pays +$152 on $10k if it goes back to zero (no 7-day history yet), but funding costs $2 a day and eats that in about 3 months.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$10−0.0050% /8h now · paid −0.105% over the last 7D
Price—spread +1.521% now · no price history on both exchanges yet
Costsno datano order book for Kraken Futures
Result, before costs—+ Points / potential airdropTxFlow: points · farm boardneeds both price histories

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+1.521%
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

OPENAI on 26 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Note: Order book unknown—
    No order-book sample for Kraken Futures: its slippage is not counted.
  • Note: Margin at max leverage$500 + $2,000
    TxFlow 20x, Kraken Futures 5x. 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.
    Next 24h at the current rates, on $10k a leg: −$1.51Long TxFlow: 24 payments, −$3.00; short Kraken Futures: 24 payments, +$1.49.
  • Note: No 7-day spread history+1.521%
    The gap cannot be compared with its average yet.
  • Watch: Long leg is thinner$9K vs $70K OI
    TxFlow sets your exit cost. Check its book before closing.
  • OK: Points on a legTxFlow points
    Volume here counts toward the points program.
  • Watch: KYCTxFlow No · Kraken Futures Yes
    Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0050%/8h × 21 periods−$10.47
Price spread+1.521% → 0+$152.09
Slippage, 4 ordersno data for Kraken Futures—
Fee TxFlow bp × 2 orders−$9.00
Fee Kraken Futures bp × 2 orders−$10.00
Net, fees only · 7 days · $10k+$122.62
Costs to cover0.190%Break-evenfrom the start
Slippage: TxFlow: live order book, 34 min ago; Kraken Futures: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGTxFlow2.5613.7 bp−$14131.5 bp−$1,315doesn’t fitdoesn’t fit
SELL · SHORTKraken Futures—————

Closing costs about the same again.
Kraken Futures: no data.

Alert

OPENAI news

posts that mention OPENAI or OpenAI, from every exchangeSearch all news →
10-29 16:24KalshiOtherJUST IN: Sam Altman says OpenAI is working toward "self-replicating" data centers, with AI-powered robots building new facilities and solar panels @Kalshi on X ↗
10-29 07:31KalshiOtherJUST IN: DeepSeek and Moonshot used OpenAI’s GPT-6 Astra to train new models @Kalshi on X ↗
10-28 13:40Ondo PerpsListingOpenAI Private Market Note (OPAIPon) is now live as collateral. In a landmark first, tokenized exposure to OpenAI is now usable as collateral on the same platform as pre-IPO OpenAI perps. This unlocks a new basis trade: Hold spot OPAIPon for tokenized OpenAI exposure, post it as collateral, and short the OPENAI perp. When the OPENAI perp trades at a premium to OPAIPon, this basis trade aims to capture that gap as the two prices converge. Holding spot and shorting the perp can capture that convergence if spot rises toward the perp, the perp falls toward spot, or both. Traders can also earn funding payments when rates are positive. Using OPAIPon as collateral also makes hedging more capital efficient. Traders can hold tokenized OpenAI exposure and use those same holdings to contribute margin for a short OPENAI perp, reducing the need for additional stablecoin collateral. Deploy OPAIPon as productive capital ↓ @OndoPerps on X ↗
10-28 00:06KalshiOtherJUST IN: OpenAI plans to buy Google chips to diversify from Nvidia @Kalshi on X ↗
10-27 13:21Ondo PerpsPointsThe USDC Rewards Program just got upgraded: 220K USDC weekly. Rewards are now split across three separate pools, so there are more ways for you to earn: ▸ Liquidity Pool: 100K USDC Weekly Earn by providing resting liquidity within 25 bps of the mid price on eligible markets. 85% of the pool goes to liquidity from mid to 5 bps, 10% to 6–10 bps, and 5% to 11–25 bps. ▸ Volume Pool: 100K USDC Weekly Earn by trading any perps market, as a maker or taker. ▸ Trading Activity Pool: 20K USDC A bonus pool for a featured trading activity, which changes from time to time. This week, you can earn by trading OpenAI exposure on spot (OPAIPon) and OPENAI perps. Rewards this week run from Tuesday, 27 Oct, 00:00 UTC to Monday, 2 Nov, 23:59 UTC. See this week’s eligible markets for the liquidity pool below ↓ @OndoPerps on X ↗
10-26 21:46KalshiOtherJUST IN: OpenAI and Anthropic employees told to stop wearing company merch over fears of being targeted by spies @Kalshi on X ↗