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 18s | $1.6M | $1.6M | 25x | Long Phoenix | |
| SHORT | 2,294.8 | +0.0056 | get 0.0007% / 1h | 56m 18s | $7.9M | $13.7M | 75x | Short TxFlow5% off |
Price gap−0.448%59s
Funding gap−0.0089% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.295% 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+$7−0.0089% /8h now · paid +0.067% over the last 7D
Price—spread −0.448%59s now · prices read too far apart to compare
Costs−$180.175% of $10k · taker + slippage, in and out
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−0.448%
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
4 ok · 2 to watch- OK: Fits both order books4.3 / 4.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$400 + $133Phoenix 25x, TxFlow 75x. 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: −$2.66Long Phoenix: 24 payments, −$4.33; short TxFlow: 24 payments, +$1.68.
- Watch: Prices read 59 s apart−0.448% vs −0.153%Part of this gap may be the market moving.
- Watch: Long leg is thinner$1.6M vs $7.9M OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legPhoenix No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0032%/8h × 21 periods+$6.66
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$1.53
Fee Phoenix bp × 2 orders−$7.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$10.88
price spread not counted: prices read too far apartCosts to cover0.175%Break-even18.4 days
Slippage: Phoenix: live order book, 2 min ago; TxFlow: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix0.224.3 bp−$48.7 bp−$8722.2 bp−$2,222doesn’t fit
SELL · SHORTTxFlow0.024.5 bp−$54.5 bp−$454.7 bp−$4746.5 bp−$3,270
Closing costs about the same again.
| 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 ↗ |
| 10-26 05:30 | MEXC | Other | 🎲 MEXC Monopoly is back! Roll the dice. Explore the Wealth Map. Unlock rewards in $BTC, $ETH, $SOL, $USDT & more! 🎁 📅 Until Oct 31 (UTC+8) Ready to make your next move? 👇 @MEXC on X ↗ |
| 10-25 02:43 | Injective | Other | $ETH + $SOL + $INJ Stronger Together. Few. @injective on X ↗ |
| 10-23 16:00 | Aster | Listing | BTCUSDC, ETHUSDC, and SOLUSDC perpetuals are now live on Aster. Another step forward with @arc and @circle in expanding @USDC's role in onchain trading. @Aster_DEX on X ↗ |
| 10-23 12:50 | Aster | Listing | new market ETHUSDC ($ETH) seen by our collector |
| 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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