Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000003703 | −0.0325 | get 0.0041% / 1h | 32m 18s | $108K | $180K | 10x | Long Phoenix | |
| SHORT | 0.000003704 | +0.0340 | get 0.0170% / 4h | 3h 32m | $1.4M | $11.4M | 75x | Short BloFin |
Price gap+0.027%
Funding gap+0.0665% /8h
Both sides work: funding pays +$20 a day on $10k, and the gap is 0.071% above its 7d average: +$7 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$99+0.0665% /8h now · paid +0.989% over the last 6 days (all we have)
Price+$7spread +0.027% now, avg −0.044% → +0.071% if it goes back
Costs−$1001.004% of $10k · taker + slippage, in and out
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
BloFin price against Phoenixnow
RANGE STATS · 7D
Now+0.027%
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
1 ok · 4 to watch- Watch: Thin at this size33.4 / 21.6 bpAt $10k entering Phoenix costs 33.4 bp, fee and slippage, 1.5× BloFin’s.
- Note: Margin at max leverage$1,000 + $133Phoenix 10x, BloFin 75x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$19.95Long Phoenix: 24 payments, +$9.75; short BloFin: 6 payments, +$10.20.
- OK: Entry gap works for you+0.027% vs −0.044%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$108K vs $1.4M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix No · BloFin LimitedNo ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0548%/8h × 21 periods+$115.04
Price spread+0.027% → −0.044% (7d avg)+$7.12
Slippage, 4 orderslive order books−$81.41
Fee Phoenix bp × 2 orders−$7.00
Fee BloFin bp × 2 orders−$12.00
Net · 7 days · $10k+$21.76
Costs to cover1.004%Break-even5.7 days
Slippage: Phoenix: live order book, 10 min ago; BloFin: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix5.4033.4 bp−$33114.8 bp−$1,148doesn’t fitdoesn’t fit
SELL · SHORTBloFin2.7021.6 bp−$2231.5 bp−$31593.4 bp−$9,337doesn’t fit
Closing costs about the same again.
| 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