Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2,305.1 | +0.0144 | pay 0.0018% / 1h | 56m 15s | $1.6M | $1.6M | 25x | Long Phoenix | |
| SHORT | 2,295.8 | L +0.0096S −0.0095 | get 0.0012% / 1h | 56m 15s | $397K | — | 50x | Short Avantis |
Price gap−0.405%61s
Funding gap−0.0049% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.284% 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+$12−0.0049% /8h now · paid +0.117% over the last 7D
Price—spread −0.405%61s now · prices read too far apart to compare
Costsno datano order book for Avantis
Result, before costs—+ Points / potential airdropAvantis: Season 3 · farm boardneeds both prices read together
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.405%
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
/8hETH on 56 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Note: Order book unknown—No order-book sample for Avantis: its slippage is not counted.
- Note: Margin at max leverage$400 + $200Phoenix 25x, Avantis 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$1.48Long Phoenix: 24 payments, −$4.33; short Avantis: 24 payments, +$2.86.
- Watch: Prices read 61 s apart−0.405% vs −0.121%Part of this gap may be the market moving.
- Watch: Short leg is thinner$397K vs $1.6M OIAvantis sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3Volume here counts toward the points program.
- OK: No KYC on either legPhoenix No · Avantis NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0056%/8h × 21 periods+$11.73
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Avantis—
Fee Phoenix bp × 2 orders−$7.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$4.27
price spread not counted: prices read too far apartCosts to cover0.160%Break-even9.5 days
Slippage: Phoenix: live order book, 2 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix0.224.3 bp−$48.7 bp−$8722.2 bp−$2,222doesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
| 10-26 06:49 | BingX | Other | #BingXBuzz 🚨 📊 $ZEC ETF extends a 3-day inflow streak, spot $BTC ETFs shed $138M on the same day ⚡ @LidoFinance opens larger Ethereum validators, operators post a separate 32 $ETH bond 🇨🇦 Canada proposes direct stablecoin cash-outs for small holders, fees capped at 1% 🏦 @BlackRock IBIT tops $65B in lifetime inflows, @Grayscale GBTC sits near $28B in outflows @BingXOfficial on X ↗ |
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| 10-23 11:32 | Phemex | Other | When new gas rules can change how contracts handle failed calls, that's no longer a fee tweak. It's a logic change. Pausing Hoodi to test that makes sense. 👇 Does the delay change anything for your $ETH plans?yes/no 🔍 @Phemex_official on X ↗ |


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