Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 980.10 | +0.0229 | pay 0.0686% / 24h | 9h 56m | $186K | $1.6M | 4.5x | Long Kalshi | |
| SHORT | 983.56 | +0.0100 | get 0.0013% / 1h | 56m 55s | $18K | $129K | 50x | Short TxFlow5% off |
Price gap+0.353%
Funding gap−0.0129% /8h
The gap pays +$39 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 10.0 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$4−0.0129% /8h now · paid +0.043% over the last 7D
Price+$39spread +0.353% now, avg −0.033% → +0.386% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$43+0.43%+ Points / potential airdropTxFlow: points · farm boardcosts unknown: book too thin at $10k · What 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+0.353%
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
/8hXPD on 19 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Kalshi’s order book right now.
- Note: Margin at max leverage$2,181 + $200Kalshi 4.5x, TxFlow 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ24h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$3.86Long Kalshi: 1 payment, −$6.86; short TxFlow: 24 payments, +$3.00.
- OK: Entry gap works for you+0.353% vs −0.033%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$18K vs $186K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCKalshi Yes · TxFlow NoA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0021%/8h × 21 periods+$4.32
Price spread+0.353% → −0.033% (7d avg)+$38.56
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Kalshi bp × 2 orders−$0.48
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Kalshi: live order book, just now; TxFlow: live order book, 19 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKalshi570.42doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow2.1335.7 bp−$36234.5 bp−$2,345doesn’t fitdoesn’t fit
Closing costs about the same again.