Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 743.86 | +0.0123 | pay 0.0015% / 1h | 38m 36s | $106K | $20K | 10x | Long Phoenix | |
| SHORT | 743.49 | +0.1117 | get 0.0140% / 1h | 38m 36s | $7K | $128K | 10x | Short Aftermath Perps5% off |
Price gap−0.049%60s
Funding gap+0.0994% /8h
Both sides work: funding pays +$30 a day on $10k, and the gap is 0.052% above its 7d average: +$5 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$122+0.0994% /8h now · paid +1.217% over the last 7D
Price—spread −0.049%60s now · prices read too far apart to compare
Costs−$510.505% 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−0.049%
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 interest12.4 / 8.4 bp$10k is over 10% of Aftermath Perps’s open interest.
- Note: Margin at max leverage$1,000 + $1,000Phoenix 10x, Aftermath Perps 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: +$29.83Long Phoenix: 24 payments, −$3.68; short Aftermath Perps: 24 payments, +$33.51.
- Watch: Prices read 60 s apart−0.049% vs −0.101%Part of this gap may be the market moving.
- Watch: Short 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 legPhoenix No · Aftermath Perps NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0580%/8h × 21 periods+$121.72
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$34.53
Fee Phoenix bp × 2 orders−$7.00
Fee Aftermath Perps bp × 2 orders−$9.00
Net · 7 days · $10k+$71.19
price spread not counted: prices read too far apartCosts to cover0.505%Break-even2.9 days
Slippage: Phoenix: live order book, 20 min ago; Aftermath Perps: live order book, 26 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix0.9412.4 bp−$1250.9 bp−$509doesn’t fitdoesn’t fit
SELL · SHORTAftermath Perps1.138.4 bp−$8doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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