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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My profile
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG42.70000.0000% / 8h3h 03m$19K$840K20xLong KuCoin
SHORT42.508−0.0328pay 0.0041% / 1h3m 00s$1.4M$352K10xShort tradeXYZ
Price gap−0.450%
Funding gap−0.0328% /8h

Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.308% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$37−0.0328% /8h now · paid +0.365% over the last 7D
Price−$31spread −0.450% now, avg −0.142% → −0.308% if it goes back
Costs−$2962.955% of $10k · taker + slippage, in and out
Result−$290−2.90%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest

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−0.450%
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

URNM on 18 exchanges

lowest funding first

Before you open

1 ok · 5 to watch
  • Watch: Thin at this size119.3 / 28.2 bp
    At $10k entering KuCoin costs 119.3 bp, fee and slippage, 4.2× tradeXYZ’s.
  • Note: Margin at max leverage$500 + $1,000
    KuCoin 20x, tradeXYZ 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$9.84Long KuCoin: 3 payments, $0.00; short tradeXYZ: 24 payments, −$9.84.
  • Watch: Gap narrower than usual−0.450% vs −0.142%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$19K vs $1.4M OI
    KuCoin sets your exit cost. Check its book before closing.
  • OK: Points on a legtradeXYZ points
    Volume here counts toward the points program.
  • Watch: KYCKuCoin Yes · tradeXYZ No
    Standard KYC (ID and face check) for any product since Aug 2023.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0174%/8h × 21 periods+$36.53
Price spread−0.450% → −0.142% (7d avg)−$30.79
Slippage, 4 orderslive order books−$281.71
Fee KuCoin bp × 2 orders−$12.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$289.78
Costs to cover2.955%Break-even62.5 days
Slippage: KuCoin: live order book, 70 min ago; tradeXYZ: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGKuCoin15.22119.3 bp−$119doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ5.7628.2 bp−$28235.1 bp−$2,351doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

URNM news

posts that mention URNM, from every exchangeSearch all news →
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