Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG1.1107+0.0072pay 0.0009% / 1h0m 22s$3K$52K5xLong Phoenix
SHORT1.1132+0.0100get 0.0050% / 4h0m 22s$3K$386K10xShort edgeX
Price gap+0.229%
Funding gap+0.0028% /8h

Both sides work: funding pays +$1 a day on $10k, and the gap is 0.229% above zero (no 7-day history yet): +$23 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding—+0.0028% /8h now · no funding history yet
Price—spread +0.229% now · no price history on both exchanges yet
Costsno datano order book for Phoenix
Result, before costs—+ Points / potential airdropedgeX: points · farm boardneeds funding history

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now+0.229%
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

/8h

BP on 7 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Note: Order book unknown—
    No order-book sample for Phoenix: its slippage is not counted.
  • Note: Margin at max leverage$2,000 + $1,000
    Phoenix 5x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$0.83Long Phoenix: 24 payments, −$2.17; short edgeX: 6 payments, +$3.00.
  • Note: No 7-day spread history+0.229%
    The gap cannot be compared with its average yet.
  • Watch: Short leg is thinner$3K vs $3K OI
    edgeX sets your exit cost. Check its book before closing.
  • OK: Points on a legedgeX points
    Volume here counts toward the points program.
  • OK: No KYC on either legPhoenix No · edgeX No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earnedno history yet: current rate+$5.83
Price spread+0.229% → 0+$22.88
Slippage, 4 ordersno data for Phoenix—
Fee Phoenix bp × 2 orders−$7.00
Fee edgeX bp × 2 orders−$9.00
Net, fees only · 7 days · $10k+$12.71
Costs to cover0.160%Break-evenfrom the start
Slippage: Phoenix: no order-book sample; edgeX: live order book, 57 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhoenix—————
SELL · SHORTedgeX54.3790.3 bp−$90doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.
Phoenix: no data.

Alert

BP news

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09-28 07:18edgeXListingnew market BPUSDC ($BP) seen by our collector
09-20 09:45BackpackOtherLearn more about $BP ↓ @Backpack on X ↗