Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 983.61 | +0.0100 | pay 0.0013% / 1h | 5m 13s | $18K | $127K | 50x | Long TxFlow5% off | |
| SHORT | 980.10 | +0.0229 | get 0.0686% / 24h | 9h 05m | $186K | $1.6M | 4.5x | Short Kalshi |
Price gap−0.357%
Funding gap+0.0129% /8h
Funding pays +$4 a day on $10k, but the gap is 0.388% under its 7d average: −$39 if it goes back, about 10 days of funding.
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 −0.357% now, avg +0.031% → −0.388% 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−0.357%
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
1 ok · 5 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$200 + $2,181TxFlow 50x, Kalshi 4.5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 24hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$3.86Long TxFlow: 24 payments, −$3.00; short Kalshi: 1 payment, +$6.86.
- Watch: Gap narrower than usual−0.357% vs +0.031%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long 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: KYCTxFlow No · Kalshi YesA 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−0.357% → +0.031% (7d avg)−$38.79
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee TxFlow bp × 2 orders−$9.00
Fee Kalshi bp × 2 orders−$0.48
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: TxFlow: live order book, 5 min ago; Kalshi: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow2.6424.2 bp−$24150.5 bp−$1,505doesn’t fitdoesn’t fit
SELL · SHORTKalshi570.42doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.