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 | 34m 09s | $108K | $180K | 10x | Long Phoenix | |
| SHORT | 0.000003786 | +0.5696 | get 0.0712% / 1h | 34m 09s | $80K | $65K | 50x | Short Coinbase International |
Price gap+2.241%72s
Funding gap+0.6021% /8h
Both sides work: funding pays +$181 a day on $10k, and the gap is 2.241% above zero (no 7-day history yet): +$224 more if it goes back.
The two prices were read 72 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—+0.6021% /8h now · no funding history yet
Price—spread +2.241%72s now · prices read too far apart to compare
Costsno datano order book for Coinbase International
Result, before costs—no pointsneeds funding history
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
Coinbase International price against Phoenixnow
RANGE STATS · 7D
Now+2.241%
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 · 3 to watch- Note: Order book unknown—No order-book sample for Coinbase International: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $200Phoenix 10x, Coinbase International 50x. 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: +$180.63Long Phoenix: 24 payments, +$9.75; short Coinbase International: 24 payments, +$170.88.
- Watch: Prices read 72 s apart+2.241% vs —Part of this gap may be the market moving.
- Watch: Short leg is thinner$80K vs $108K OICoinbase International sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix No · Coinbase International YesID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earnedno history yet: current rate+$1,264.43
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Coinbase International—
Fee Phoenix bp × 2 orders−$7.00
Fee Coinbase International bp × 2 orders−$10.00
Net, fees only · 7 days · $10k+$1,247.43
price spread not counted: prices read too far apartCosts to cover0.170%Break-even0.1 days
Slippage: Phoenix: live order book, 8 min ago; Coinbase International: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix5.4033.4 bp−$33114.8 bp−$1,148doesn’t fitdoesn’t fit
SELL · SHORTCoinbase International—————
Closing costs about the same again.
Coinbase International: 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