TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG1,441.900.0000% / 4h3h 04m$6.2M$10.1M100xLong Binance
SHORT1,436.2+0.0057get 0.0170% / 24h9h 04m$305K$1.9M6.6xShort Kalshi
Price gap−0.396%
Funding gap+0.0057% /8h

Funding pays +$2 a day on $10k, but the gap is 0.263% under its 7d average: −$26 if it goes back, about 15 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$30+0.0057% /8h now · paid −0.305% over the last 7D
Price−$26spread −0.396% now, avg −0.133% → −0.263% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$57−0.57%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.396%
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

/8h

XPT on 23 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Thin at this size8.5 / 1395.9 bp
    At $10k entering Kalshi costs 1395.9 bp, fee and slippage, 164.5× Binance’s.
  • Note: Margin at max leverage$100 + $1,513
    Binance 100x, Kalshi 6.6x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 24h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$1.70Long Binance: 6 payments, $0.00; short Kalshi: 1 payment, +$1.70.
  • Watch: Gap narrower than usual−0.396% vs −0.133%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$305K vs $6.2M OI
    Kalshi sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Yes · Kalshi Yes
    Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0145%/8h × 21 periods−$30.49
Price spread−0.396% → −0.133% (7d avg)−$26.31
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Binance bp × 2 orders−$8.00
Fee Kalshi bp × 2 orders−$0.48
Net · 7 days · $10k—
doesn’t fit the books at $10k
Costs to cover—Break-even—
Slippage: Binance: live order book, 15 min ago; Kalshi: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance0.048.5 bp−$827.0 bp−$270139.9 bp−$14.0Kdoesn’t fit
SELL · SHORTKalshi648.121395.9 bp−$1,396doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

XPT news

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