Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3,994.3 | +0.0393 | pay 0.0049% / 1h | 11m 36s | $2.3M | $678K | 25x | Long Kraken Futures | |
| SHORT | 3,993 | +0.0100 | get 0.0013% / 1h | 11m 36s | $9.7M | $2.3M | 60x | Short TxFlow5% off |
Price gap−0.032%
Funding gap−0.0293% /8h
Both sides work against this direction now: funding costs $9 a day on $10k and the gap is 0.065% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$42−0.0293% /8h now · paid −0.423% over the last 7D
Price−$6spread −0.032% now, avg +0.033% → −0.065% if it goes back
Costs−$250.249% of $10k · taker + slippage, in and out
Result−$74−0.74%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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−0.032%
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 42 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- OK: Fits both order books6.9 / 6.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$400 + $167Kraken Futures 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: −$8.80Long Kraken Futures: 24 payments, −$11.80; short TxFlow: 24 payments, +$3.00.
- Watch: Gap narrower than usual−0.032% vs +0.033%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Long leg is thinner$2.3M vs $9.7M OIBoth legs are deep; Kraken Futures is the smaller one.
- OK: Points on a legTxFlow pointsVolume 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−0.0202%/8h × 21 periods−$42.34
Price spread−0.032% → +0.033% (7d avg)−$6.49
Slippage, 4 orderslive order books−$5.92
Fee Kraken Futures bp × 2 orders−$10.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$73.74
Costs to cover0.249%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 1 min ago; TxFlow: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures0.586.9 bp−$711.9 bp−$11954.7 bp−$5,470doesn’t fit
SELL · SHORTTxFlow1.506.0 bp−$66.1 bp−$619.6 bp−$95719.8 bp−$9,894
Closing costs about the same again.
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