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
LONG309.25+0.0050pay 0.0050% / 8h3h 37m$910K$1.2M—Long BingX
SHORT309.32−0.0061pay 0.0061% / 8h3h 37m$506K$532K25xShort Bybit
Price gap+0.023%
Funding gap−0.0111% /8h

The gap pays +$11 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 3.2 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$15−0.0111% /8h now · paid −0.145% over the last 7D
Price+$11spread +0.023% now, avg −0.084% → +0.106% if it goes back
Costs−$1871.872% of $10k · taker + slippage, in and out

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+0.023%
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

TXN on 13 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size15.9 / 39.9 bp
    At $10k entering Bybit costs 39.9 bp, fee and slippage, 2.5× BingX’s.
  • Note: Margin at max leverage— + $400
    BingX —, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$3.33Long BingX: 3 payments, −$1.50; short Bybit: 3 payments, −$1.83.
  • OK: Entry gap works for you+0.023% vs −0.084%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$506K vs $910K OI
    Bybit sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBingX Yes · Bybit Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0069%/8h × 21 periods−$14.52
Price spread+0.023% → −0.084% (7d avg)+$10.63
Slippage, 4 orderslive order books−$166.23
Fee BingX bp × 2 orders−$10.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$191.12
Costs to cover1.872%Break-evennever at this rate
Slippage: BingX: live order book, 17 min ago; Bybit: live order book, 22 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBingX10.0315.9 bp−$1642.2 bp−$422256.6 bp−$25.7K778.2 bp−$389.1K
SELL · SHORTBybit13.9439.9 bp−$402425.4 bp−$24.3Kdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

TXN news

posts that mention TXN, from every exchangeSearch all news →
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