Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.1798 | +0.0050 | pay 0.0050% / 8h | 7h 59m | $345K | $49K | 5x | Long KuCoin | |
| SHORT | 1.1107 | +0.0072 | get 0.0009% / 1h | 59m 45s | $3K | $52K | 5x | Short Phoenix |
Price gap−5.854%93s
Funding gap+0.0022% /8h
Funding pays +$1 a day on $10k, but the gap is 5.854% under zero (no 7-day history yet): −$585 if it goes back, about years of funding.
The two prices were read 93 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—+0.0022% /8h now · no funding history yet
Price—spread −5.854%93s now · prices read too far apart to compare
Costsno datano order book for KuCoin and Phoenix
Result, before costs—no pointsneeds funding history
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−5.854%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hBP on 7 exchanges
lowest funding firstBefore you open
0 ok · 4 to watch- Note: Order book unknown—No order-book sample for KuCoin and Phoenix: its slippage is not counted.
- Note: Margin at max leverage$2,000 + $2,000KuCoin 5x, Phoenix 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$0.67Long KuCoin: 3 payments, −$1.50; short Phoenix: 24 payments, +$2.17.
- Watch: Prices read 93 s apart−5.854% vs —Part of this gap may be the market moving.
- Watch: Short leg is thinner$3K vs $345K OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKuCoin Yes · Phoenix NoStandard 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+$4.67
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for KuCoin and Phoenix—
Fee KuCoin bp × 2 orders−$12.00
Fee Phoenix bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$14.33
price spread not counted: prices read too far apartCosts to cover0.190%Break-even28.5 days
Slippage: KuCoin: no order-book sample; Phoenix: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGKuCoin—————
SELL · SHORTPhoenix—————
Closing costs about the same again.
KuCoin and Phoenix: no data.
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| 09-29 18:36 | Phoenix | Listing | new market BP ($BP) seen by our collector |
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