Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 10.925 | −0.0145 | get 0.0018% / 1h | 0m 41s | $226 | $129K | 10x | Long Phoenix | |
| SHORT | 10.932 | −0.0293 | pay 0.0293% / 8h | 5h 00m | $2.7M | $1.4M | 50x | Short Variational Omni+15% pts |
Price gap+0.062%59s
Funding gap−0.0148% /8h
The gap pays +$13 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 3.0 days.
Funding on this pair paid 0.342% over the last 7 days: the rate has only just turned. The two prices were read 59 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+$34−0.0148% /8h now · paid +0.342% over the last 7D
Price—spread +0.062%59s now · prices read too far apart to compare
Costs−$430.429% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropVariational Omni: points · farm boardneeds both prices read together
Price and funding
1h · historyEntry / ExitPhoenix: thin, under $1M open interest
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+0.062%
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
/8hAVAX on 37 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Large against open interest14.4 / 5.2 bp$10k is over 10% of Phoenix’s open interest.
- Note: Margin at max leverage$1,000 + $200Phoenix 10x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$4.43Long Phoenix: 24 payments, +$4.36; short Variational Omni: 3 payments, −$8.79.
- Watch: Prices read 59 s apart+0.062% vs −0.069%Part of this gap may be the market moving.
- Watch: Long leg is thinner$226 vs $2.7M OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legPhoenix No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0163%/8h × 21 periods+$34.21
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$35.94
Fee Phoenix bp × 2 orders−$7.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$8.73
price spread not counted: prices read too far apartCosts to cover0.429%Break-even8.8 days
Slippage: Phoenix: live order book, 10 min ago; Variational Omni: RFQ quote, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix0.9214.4 bp−$1456.8 bp−$568doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni3.205.2 bp−$57.2 bp−$72doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | AVAXRUSDPERP no longer reported ($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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