Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 78.691 | −0.9382 | get 0.1173% / 1h | 51m 04s | $246K | $344K | 20x | Long Kraken Futures | |
| SHORT | 79.160 | +0.0072 | get 0.0009% / 1h | 51m 04s | $556 | $333K | 20x | Short TxFlow5% off |
Price gap+0.596%
Funding gap+0.9453% /8h
Both sides work: funding pays +$284 a day on $10k, and the gap is 0.553% above its 7d average: +$55 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$67+0.9453% /8h now · paid +0.672% over the last 7D
Price+$55spread +0.596% now, avg +0.043% → +0.553% if it goes back
Costs−$6716.705% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.672% in total, about +0.0320%/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+0.596%
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
/8hSOXS on 20 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size293.9 / 5.8 bpAt $10k entering Kraken Futures costs 293.9 bp, fee and slippage, 50.5× TxFlow’s.
- Note: Margin at max leverage$500 + $500Kraken Futures 20x, TxFlow 20x. 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: +$283.60Long Kraken Futures: 24 payments, +$281.45; short TxFlow: 24 payments, +$2.15.
- OK: Entry gap works for you+0.596% vs +0.043%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$556 vs $246K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow Season 1Volume here counts toward the points program.
- Watch: KYCKraken Futures Yes · TxFlow NoFull 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 outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0320%/8h × 21 periods+$67.22
Price spread+0.596% → +0.043% (7d avg)+$55.27
Slippage, 4 orderslive order books−$651.54
Fee Kraken Futures bp × 2 orders−$10.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$548.06
Costs to cover6.705%Break-even64.1 days
Slippage: Kraken Futures: live order book, 29 min ago; TxFlow: live order book, 28 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures106.33293.9 bp−$294doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow1.335.8 bp−$612.1 bp−$12161.2 bp−$6,118doesn’t fit
Closing costs about the same again.
SOXS news
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