Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.0520 | +0.0100 | pay 0.0013% / 1h | 35m 43s | $54K | $261K | 50x | Long ApeX Omni5% off | |
| SHORT | 1.0523 | 0 | 0.0000% / 1h | 35m 43s | $2K | $50K | 5x | Short Phoenix |
Price gap+0.029%
Funding gap−0.0100% /8h
The gap pays +$3 on $10k if it goes back to zero (no 7-day history yet), but funding costs $3 a day and eats that in about 23 hours. At the last 7 days' pace that is about 8 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$62−0.0100% /8h now · paid −0.621% over the last 7D
Price—spread +0.029% now · no price history on both exchanges yet
Costsno datano order book for Phoenix
Result, before costs—no pointsneeds both price histories
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+0.029%
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
/8hFIL on 30 exchanges
lowest funding firstBefore you open
2 ok · 1 to watch- Note: Order book unknown—No order-book sample for Phoenix: its slippage is not counted.
- Note: Margin at max leverage$200 + $2,000ApeX Omni 50x, Phoenix 5x. 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: −$3.00Long ApeX Omni: 24 payments, −$3.00; short Phoenix: 24 payments, $0.00.
- Note: No 7-day spread history+0.029%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$2K vs $54K OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legApeX Omni No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0296%/8h × 21 periods−$62.06
Price spread+0.029% → 0+$2.85
Slippage, 4 ordersno data for Phoenix—
Fee ApeX Omni bp × 2 orders−$10.00
Fee Phoenix bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$76.21
Costs to cover0.170%Break-evennever at this rate
Slippage: ApeX Omni: live order book, 38 min ago; Phoenix: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGApeX Omni14.3522.8 bp−$23114.4 bp−$1,144doesn’t fitdoesn’t fit
SELL · SHORTPhoenix—————
Closing costs about the same again.
Phoenix: no data.