Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.0227 | +0.0220 | pay 0.0220% / 8h | 7h 58m | $2.3M | $477K | 75x | Long BloFin | |
| SHORT | 1.0236 | −0.0076 | pay 0.0010% / 1h | 58m 48s | $1K | $50K | 5x | Short Phoenix |
Price gap+0.088%
Funding gap−0.0296% /8h
The gap pays +$9 on $10k if it goes back to zero (no 7-day history yet), but funding costs $9 a day and eats that in about 24 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$77−0.0296% /8h now · paid −0.775% over the last 7D
Price—spread +0.088% 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+0.088%
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
0 ok · 3 to watch- Note: Order book unknown—No order-book sample for Phoenix: its slippage is not counted.
- Note: Margin at max leverage$133 + $2,000BloFin 75x, Phoenix 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$8.89Long BloFin: 3 payments, −$6.60; short Phoenix: 24 payments, −$2.29.
- Note: No 7-day spread history+0.088%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$1K vs $2.3M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBloFin Limited · Phoenix NoNo ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0369%/8h × 21 periods−$77.46
Price spread+0.088% → 0+$8.80
Slippage, 4 ordersno data for Phoenix—
Fee BloFin bp × 2 orders−$12.00
Fee Phoenix bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$87.66
Costs to cover0.190%Break-evennever at this rate
Slippage: BloFin: live order book, 14 min ago; Phoenix: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGBloFin2.938.9 bp−$910.9 bp−$10925.8 bp−$2,578doesn’t fit
SELL · SHORTPhoenix—————
Closing costs about the same again.
Phoenix: no data.