Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3,991.6 | −0.0926 | get 0.0116% / 1h | 53m 37s | $3.0M | $843K | 25x | Long Deribit | |
| SHORT | 3,988.9 | +0.0100 | get 0.0013% / 1h | 53m 37s | $9.6M | $2.5M | 60x | Short TxFlow5% off |
Price gap−0.067%
Funding gap+0.1026% /8h
Funding pays +$31 a day on $10k, but the gap is 0.106% under its 7d average: −$11 if it goes back, about 8 hours of funding. At the last 7 days' pace that is about 41 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$43+0.1026% /8h now · paid +0.433% over the last 7D
Price−$11spread −0.067% now, avg +0.039% → −0.106% if it goes back
Costs−$230.226% of $10k · taker + slippage, in and out
Result+$10+0.10%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.433% in total, about +0.0206%/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−0.067%
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
/8hXAU on 43 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- OK: Fits both order books4.6 / 6.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$400 + $167Deribit 25x, TxFlow 60x. 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: +$30.78Long Deribit: 24 payments, +$27.78; short TxFlow: 24 payments, +$3.00.
- Watch: Gap narrower than usual−0.067% vs +0.039%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Long leg is thinner$3.0M vs $9.6M OIBoth legs are deep; Deribit is the smaller one.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCDeribit Yes · TxFlow NoID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0206%/8h × 21 periods+$43.31
Price spread−0.067% → +0.039% (7d avg)−$10.60
Slippage, 4 orderslive order books−$6.55
Fee Deribit bp × 2 orders−$7.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k+$10.16
Costs to cover0.226%Break-even5.4 days
Slippage: Deribit: live order book, 1 min ago; TxFlow: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGDeribit0.134.6 bp−$54.8 bp−$4813.8 bp−$1,377doesn’t fit
SELL · SHORTTxFlow1.506.0 bp−$66.0 bp−$608.2 bp−$81817.2 bp−$8,598
Closing costs about the same again.
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