Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3,989 | +0.0100 | pay 0.0013% / 1h | 1m 20s | $9.6M | $2.5M | 60x | Long TxFlow5% off | |
| SHORT | 3,991.6 | −0.0951 | pay 0.0119% / 1h | 1m 20s | $3.0M | $830K | 25x | Short Deribit |
Price gap+0.066%
Funding gap−0.1051% /8h
The gap pays +$10 on $10k if it goes back to its 7d average, but funding costs $32 a day and eats that in about 8 hours. At the last 7 days' pace that is about 40 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$43−0.1051% /8h now · paid −0.433% over the last 7D
Price+$10spread +0.066% now, avg −0.038% → +0.104% if it goes back
Costs−$230.232% of $10k · taker + slippage, in and out
Result−$56−0.56%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below 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+0.066%
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
4 ok · 1 to watch- OK: Fits both order books6.0 / 7.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$167 + $400TxFlow 60x, Deribit 25x. 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: −$31.53Long TxFlow: 24 payments, −$3.00; short Deribit: 24 payments, −$28.53.
- OK: Entry gap works for you+0.066% vs −0.038%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Short 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: KYCTxFlow No · Deribit YesID, 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+0.066% → −0.038% (7d avg)+$10.40
Slippage, 4 orderslive order books−$7.20
Fee TxFlow bp × 2 orders−$9.00
Fee Deribit bp × 2 orders−$7.00
Net · 7 days · $10k−$56.11
Costs to cover0.232%Break-evennever at this rate
Slippage: TxFlow: live order book, 3 min ago; Deribit: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.506.0 bp−$66.0 bp−$607.7 bp−$77114.7 bp−$7,332
SELL · SHORTDeribit0.137.5 bp−$88.7 bp−$8716.7 bp−$1,672doesn’t fit
Closing costs about the same again.
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