Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.9901 | +0.0161 | pay 0.0020% / 1h | 0m 47s | $158K | $6K | 5x | Long Phoenix | |
| SHORT | 1.0262 | +0.0100 | get 0.0050% / 4h | 2h 00m | $386K | $14K | 10x | Short Gate |
Price gap+3.646%47s
Funding gap−0.0061% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 2.530% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$5−0.0061% /8h now · paid −0.051% over the last 7D
Price—spread +3.646%47s now · prices read too far apart to compare
Costs−$3,49034.901% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+3.646%
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 · 5 to watch- Watch: Thin at this size150.3 / 717.0 bpAt $10k entering Gate costs 717.0 bp, fee and slippage, 4.8× Phoenix’s.
- Note: Margin at max leverage$2,000 + $1,000Phoenix 5x, Gate 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: −$1.84Long Phoenix: 24 payments, −$4.84; short Gate: 6 payments, +$3.00.
- Watch: Prices read 47 s apart+3.646% vs +6.176%Part of this gap may be the market moving.
- Watch: Long leg is thinner$158K vs $386K 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−0.0024%/8h × 21 periods−$5.12
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$3,468.06
Fee Phoenix bp × 2 orders−$7.00
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$3,495.18
price spread not counted: prices read too far apartCosts to cover34.901%Break-evennever at this rate
Slippage: Phoenix: live order book, 10 min ago; Gate: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix27.33150.3 bp−$150704.9 bp−$7,049doesn’t fitdoesn’t fit
SELL · SHORTGate22.49717.0 bp−$717doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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