Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 11.362 | −0.0070 | get 0.0009% / 1h | 36m 23s | $239 | $312K | 10x | Long Phoenix | |
| SHORT | 11.384 | L +0.0475S −0.0140 | get 0.0017% / 1h | 36m 23s | $370K | — | 60x | Short GMX5% off |
Price gap+0.195%65s
Funding gap+0.0210% /8h
Both sides work: funding pays +$6 a day on $10k, and the gap is 0.213% above its 7d average: +$21 more if it goes back.
The two prices were read 65 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$93+0.0210% /8h now · paid +0.925% over the last 7D
Price—spread +0.195%65s now · prices read too far apart to compare
Costsno datano order book for GMX
Result, before costs—no pointsneeds both prices read together
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
GMX price against Phoenixnow
RANGE STATS · 7D
Now+0.195%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hAVAX on 36 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for GMX: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $167Phoenix 10x, GMX 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: +$6.29Long Phoenix: 24 payments, +$2.11; short GMX: 24 payments, +$4.19.
- Watch: Prices read 65 s apart+0.195% vs −0.018%Part of this gap may be the market moving.
- Watch: Long leg is thinner$239 vs $370K OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legPhoenix No · GMX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0441%/8h × 21 periods+$92.52
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for GMX—
Fee Phoenix bp × 2 orders−$7.00
Fee GMX bp × 2 orders−$12.00
Net, fees only · 7 days · $10k+$73.52
price spread not counted: prices read too far apartCosts to cover0.190%Break-even1.4 days
Slippage: Phoenix: live order book, 61 min ago; GMX: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix0.8815.8 bp−$1663.4 bp−$634doesn’t fitdoesn’t fit
SELL · SHORTGMX—————
Closing costs about the same again.
GMX: no data.
| 09-30 01:05 | Reya | Listing | AVAXRUSDPERP no longer reported ($AVAX) seen by our collector |
| 09-25 14:03 | Bitget | Other | 𝗜𝗠𝗣𝗢𝗥𝗧𝗔𝗡𝗧 𝗨𝗣𝗗𝗔𝗧𝗘𝗦: The withdrawal plan will be announced by September 26th, 4:00 AM UTC. We appreciate your patience on this matter. Based on the latest onchain tracing and classification of transactions, assets equivalent to approximately $387.5 million were transferred to attacker-controlled addresses across multiple networks. The revised figure reflects a more complete accounting of transfers that occurred during the incident, adding affected assets on Zcash and TRON that were not included in the initial estimate. It does not reflect further unauthorized transfers. The incident remains contained and no further unauthorized transfers are possible. The incident involved assets across Ethereum and several EVM networks, XRP Ledger, Zcash and TRON. The primary attacker-controlled receiving addresses identified to date are: → EVM: 0x770b10b273fc44fe9197d6bf20f145c2e98463ee → XRP: rwNhefsz1UQEusxhCvHip3RANinWi4CTck → ZEC: t1WgMdtND8NF7NDUuYmq8MpMj1NTCXkMDVG → TRON: TBWNguTTgezw9dVorX441C6nDrZpRxYwKD The confirmed affected assets include XRP, ETH, USDT, ZEC, USDC, USDT0, XAUt, BNB, AVAX and TRX. Our investigation and tracing efforts remain ongoing. The figures above reflect information confirmed at the time of publication and may be updated as additional transactions are classified and traced. The incident remains contained, with no further unauthorized transfers since the incident was contained, and the investigation with Mandiant and SlowMist remains ongoing Withdrawals remain temporarily paused while additional security checks and remediation are underway. Bitget will continue to provide verified updates on the investigation, asset recovery, withdrawal restoration and the User Protection Fund through its official channels. 𝘍𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺. @bitget on X ↗ |
| 09-24 20:07 | OKX | Product | New X Drops Club is live in Europe. Trade $SOL, $ZEC, $NEAR, $ENA, $SUI, $ONDO, $CARDS, $AVAX, $ZAMA or $RENDER for a share of 1,200 $OKB, worth around $150K. Pick your market. Chase the drop. @okx on X ↗ |
| 09-24 19:59 | OKX | Product | New X Drops Club is live in Europe. Trade $SOL, $ZEC, $NEAR, $ENA, $SUI, $ONDO, $CARDS, $AVAX, $ZAMA or $RENDER for a share of 1,125 $OKB, worth around $150K. Pick your market. Chase the drop. @okx on X ↗ |
| 09-22 15:33 | Phoenix | Listing | Now live on Phoenix: $UNI - 10x leverage $AVAX - 10x leverage $ARB - 10x leverage $LTC - 10x leverage $FIL - 10x leverage @PhoenixTrade on X ↗ |
| 09-22 14:58 | Phoenix | Listing | new market AVAX ($AVAX) seen by our collector |
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