Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.1107 | +0.0072 | pay 0.0009% / 1h | 0m 22s | $3K | $52K | 5x | Long Phoenix | |
| SHORT | 1.1132 | +0.0100 | get 0.0050% / 4h | 0m 22s | $3K | $386K | 10x | Short 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 forecastFunding—+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
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
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
/8hBP on 7 exchanges
lowest funding firstBefore 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 + $1,000Phoenix 5x, edgeX 10x. 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: +$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 OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legPhoenix No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding 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 agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix—————
SELL · SHORTedgeX54.3790.3 bp−$90doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Phoenix: no data.
| 09-29 19:03 | Phoenix | Listing | Now live on Phoenix: $BP - 5x leverage $RAY - 5x leverage @PhoenixTrade on X ↗ |
| 09-29 18:36 | Phoenix | Listing | new market BP ($BP) seen by our collector |
| 09-29 11:00 | gTrade (Gains Network) | Listing | BP/USD no longer reported ($BP) seen by our collector |
| 09-28 07:49 | edgeX | Listing | New Crypto Perp Listings on edgeX $QNT Enterprise blockchain interoperability platform. $BP Crypto exchange and self-custodial wallet platform. Trade on Arc. Unlock Triple Rewards. @edgeX_exchange on X ↗ |
| 09-28 07:18 | edgeX | Listing | new market BPUSDC ($BP) seen by our collector |
| 09-20 09:45 | Backpack | Other | Learn more about $BP ↓ @Backpack on X ↗ |


gTrade (Gains Network)
Backpack