Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000003703 | +0.0104 | pay 0.0013% / 1h | 29m 48s | $44K | $26K | 25x | Long Extended10% off | |
| SHORT | 0.000003703 | −0.0325 | pay 0.0041% / 1h | 29m 48s | $108K | $180K | 10x | Short Phoenix |
Price gap−0.002%88s
Funding gap−0.0429% /8h
Funding costs $13 a day on $10k at the current rate. Swap the legs.
The two prices were read 88 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—−0.0429% /8h now · no funding history yet
Price—spread −0.002%88s now · prices read too far apart to compare
Costsno datano order book for Extended
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
Phoenix price against Extendednow
RANGE STATS · 7D
Now−0.002%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hBONK on 31 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Note: Order book unknown—No order-book sample for Extended: its slippage is not counted.
- Note: Margin at max leverage$400 + $1,000Extended 25x, 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: −$12.87Long Extended: 24 payments, −$3.12; short Phoenix: 24 payments, −$9.75.
- Watch: Prices read 88 s apart−0.002% vs —Part of this gap may be the market moving.
- Watch: Long leg is thinner$44K vs $108K OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- OK: No KYC on either legExtended No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earnedno history yet: current rate−$90.11
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Extended—
Fee Extended bp × 2 orders−$5.00
Fee Phoenix bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$102.11
price spread not counted: prices read too far apartCosts to cover0.120%Break-evennever at this rate
Slippage: Extended: no order-book sample; Phoenix: live order book, 13 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended—————
SELL · SHORTPhoenix5.4033.4 bp−$33116.0 bp−$1,160doesn’t fitdoesn’t fit
Closing costs about the same again.
Extended: no data.
| 09-24 20:40 | Phoenix | Listing | Now live: $Bonk - 10x leverage. The coin that started it all is now available on Phoenix. @PhoenixTrade on X ↗ |
| 09-24 15:00 | Phoenix | Listing | new market kBONK ($BONK) seen by our collector |
| 09-22 07:03 | ApeX Omni | Other | 59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗ |


ApeX Omni