Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.1150 | +0.0360 | pay 0.0045% / 1h | 42m 14s | $3K | $85K | 5x | Long Phoenix | |
| SHORT | 1.1798 | +0.0050 | get 0.0050% / 8h | 7h 42m | $95K | $49K | 5x | Short KuCoin |
Price gap+5.808%193s
Funding gap−0.0310% /8h
The gap pays +$581 on $10k if it goes back to zero (no 7-day history yet), but funding costs $9 a day and eats that in about 2 months.
The two prices were read 3 min 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—−0.0310% /8h now · no funding history yet
Price—spread +5.808%193s now · prices read too far apart to compare
Costsno datano order book for Phoenix and KuCoin
Result, before costs—no pointsneeds funding history
Price and funding
1h · loading 5m…Entry / ExitPhoenix: thin, under $1M open interest · KuCoin: thin, under $1M open interest
Price spread
Prices
Fundingper 8h
P&L
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+5.808%
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 Phoenix and KuCoin: its slippage is not counted.
- Note: Margin at max leverage$2,000 + $2,000Phoenix 5x, KuCoin 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$9.31Long Phoenix: 24 payments, −$10.81; short KuCoin: 3 payments, +$1.50.
- Watch: Prices read 3 min apart+5.808% vs —Part of this gap may be the market moving.
- Watch: Long leg is thinner$3K vs $95K 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−$65.16
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Phoenix and KuCoin—
Fee Phoenix bp × 2 orders−$7.00
Fee KuCoin bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$84.16
price spread not counted: prices read too far apartCosts to cover0.190%Break-evennever at this rate
Slippage: Phoenix: no order-book sample; KuCoin: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix—————
SELL · SHORTKuCoin—————
Closing costs about the same again.
Phoenix and KuCoin: no data.
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| 09-29 18:36 | Phoenix | Listing | new market BP ($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 ↗ |
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edgeX
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