Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 744.88 | +0.1139 | pay 0.0142% / 1h | 48m 25s | $7K | $129K | 10x | Long Aftermath Perps5% off | |
| SHORT | 745.40 | +0.0131 | get 0.0016% / 1h | 48m 25s | $106K | $21K | 10x | Short Phoenix |
Price gap+0.070%60s
Funding gap−0.1008% /8h
Both sides work against this direction now: funding costs $30 a day on $10k and the gap is 0.031% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$122−0.1008% /8h now · paid −1.223% over the last 7D
Price—spread +0.070%60s now · prices read too far apart to compare
Costs−$510.509% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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+0.070%
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
/8hBNB on 47 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Large against open interest13.9 / 12.4 bp$10k is over 10% of Aftermath Perps’s open interest.
- Note: Margin at max leverage$1,000 + $1,000Aftermath Perps 10x, Phoenix 10x. 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: −$30.24Long Aftermath Perps: 24 payments, −$34.17; short Phoenix: 24 payments, +$3.93.
- Watch: Prices read 60 s apart+0.070% vs +0.101%Part of this gap may be the market moving.
- Watch: Long leg is thinner$7K vs $106K OIAftermath Perps sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legAftermath Perps No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0582%/8h × 21 periods−$122.30
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$34.91
Fee Aftermath Perps bp × 2 orders−$9.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$173.21
price spread not counted: prices read too far apartCosts to cover0.509%Break-evennever at this rate
Slippage: Aftermath Perps: live order book, 11 min ago; Phoenix: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAftermath Perps0.5213.9 bp−$14doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPhoenix0.9412.4 bp−$1243.2 bp−$432doesn’t fitdoesn’t fit
Closing costs about the same again.
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