Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000003694 | −0.0325 | get 0.0041% / 1h | 38m 14s | $107K | $180K | 10x | Long Phoenix | |
| SHORT | 0.000003706 | +0.0100 | get 0.0050% / 4h | 3h 38m | $996K | $1.3M | 50x | Short Gate |
Price gap+0.325%77s
Funding gap+0.0425% /8h
Both sides work: funding pays +$13 a day on $10k, and the gap is 0.378% above its 7d average: +$38 more if it goes back.
The two prices were read 77 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+$63+0.0425% /8h now · paid +0.634% over the last 6 days (all we have)
Price—spread +0.325%77s now · prices read too far apart to compare
Costs−$1151.154% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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
Gate price against Phoenixnow
RANGE STATS · 7D
Now+0.325%
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
0 ok · 5 to watch- Watch: Thin at this size33.4 / 20.5 bpAt $10k entering Phoenix costs 33.4 bp, fee and slippage, 1.6× Gate’s.
- Note: Margin at max leverage$1,000 + $200Phoenix 10x, Gate 50x. 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: +$12.75Long Phoenix: 24 payments, +$9.75; short Gate: 6 payments, +$3.00.
- Watch: Prices read 77 s apart+0.325% vs −0.053%Part of this gap may be the market moving.
- Watch: Long leg is thinner$107K vs $996K OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix No · Gate YesKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0351%/8h × 21 periods+$73.77
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$93.40
Fee Phoenix bp × 2 orders−$7.00
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$41.63
price spread not counted: prices read too far apartCosts to cover1.154%Break-even10.9 days
Slippage: Phoenix: live order book, 4 min ago; Gate: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix5.4033.4 bp−$33114.8 bp−$1,148doesn’t fitdoesn’t fit
SELL · SHORTGate2.7120.5 bp−$2098.2 bp−$982doesn’t fitdoesn’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