Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.0466 | L +0.1013S −0.0808 | pay 0.0127% / 1h | 44m 33s | $189K | $49K | 50x | Long GMX5% off | |
| SHORT | 1.0478 | 0 | 0.0000% / 1h | 44m 33s | $2K | $50K | 5x | Short Phoenix |
Price gap+0.113%61s
Funding gap−0.1013% /8h
The gap pays +$11 on $10k if it goes back to zero (no 7-day history yet), but funding costs $30 a day and eats that in about 9 hours. At the last 7 days' pace that is about 24 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$78−0.1013% /8h now · paid −0.781% over the last 7D
Price—spread +0.113%61s now · prices read too far apart to compare
Costsno datano order book for GMX and Phoenix
Result, before costs—no pointsneeds both prices read together
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.113%
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 · 2 to watch- Note: Order book unknown—No order-book sample for GMX and Phoenix: its slippage is not counted.
- Note: Margin at max leverage$200 + $2,000GMX 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: −$30.40Long GMX: 24 payments, −$30.40; short Phoenix: 24 payments, $0.00.
- Watch: Prices read 61 s apart+0.113% vs —Part of this gap may be the market moving.
- Watch: Short leg is thinner$2K vs $189K 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 legGMX No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0372%/8h × 21 periods−$78.06
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for GMX and Phoenix—
Fee GMX bp × 2 orders−$12.00
Fee Phoenix bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$97.06
price spread not counted: prices read too far apartCosts to cover0.190%Break-evennever at this rate
Slippage: GMX: no order-book sample; Phoenix: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGGMX—————
SELL · SHORTPhoenix—————
Closing costs about the same again.
GMX and Phoenix: no data.