Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000003828 | −0.0315 | get 0.0039% / 1h | 36m 10s | $105K | $89K | 10x | Long Phoenix | |
| SHORT | 0.000003757 | +0.0100 | get 0.0050% / 4h | 36m 10s | $3.7M | $12.8M | 75x | Short KuCoin |
Price gap−1.847%78s
Funding gap+0.0415% /8h
Funding pays +$12 a day on $10k, but the gap is 1.847% under zero (no 7-day history yet): −$185 if it goes back, about 15 days of funding.
The two prices were read 78 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—+0.0415% /8h now · no funding history yet
Price—spread −1.847%78s now · prices read too far apart to compare
Costs−$1091.090% of $10k · taker + slippage, in and out
Result—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
KuCoin price against Phoenixnow
RANGE STATS · 7D
Now−1.847%
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 size26.0 / 21.1 bpAt $10k entering Phoenix costs 26.0 bp, fee and slippage, 1.2× KuCoin’s.
- Note: Margin at max leverage$1,000 + $133Phoenix 10x, KuCoin 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: +$12.44Long Phoenix: 24 payments, +$9.44; short KuCoin: 6 payments, +$3.00.
- Watch: Prices read 78 s apart−1.847% vs —Part of this gap may be the market moving.
- Watch: Long leg is thinner$105K vs $3.7M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix No · KuCoin YesStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earnedno history yet: current rate+$87.09
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$90.00
Fee Phoenix bp × 2 orders−$7.00
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$21.91
price spread not counted: prices read too far apartCosts to cover1.090%Break-even8.8 days
Slippage: Phoenix: live order book, 11 min ago; KuCoin: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.6226.0 bp−$2687.0 bp−$870doesn’t fitdoesn’t fit
SELL · SHORTKuCoin2.6421.1 bp−$21181.5 bp−$1,815doesn’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