Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.0229 | −0.0078 | get 0.0010% / 1h | 18m 39s | $1K | $51K | 5x | Long Phoenix | |
| SHORT | 1.0280 | +0.0215 | get 0.0215% / 8h | 7h 18m | $2.4M | $479K | 75x | Short BloFin |
Price gap+0.499%
Funding gap+0.0293% /8h
Both sides work: funding pays +$9 a day on $10k, and the gap is 0.499% above zero (no 7-day history yet): +$50 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$77+0.0293% /8h now · paid +0.773% over the last 7D
Price—spread +0.499% 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+0.499%
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$2,000 + $133Phoenix 5x, BloFin 75x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$8.80Long Phoenix: 24 payments, +$2.35; short BloFin: 3 payments, +$6.45.
- Note: No 7-day spread history+0.499%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$1K vs $2.4M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix No · BloFin LimitedNo 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+0.0368%/8h × 21 periods+$77.26
Price spread+0.499% → 0+$49.86
Slippage, 4 ordersno data for Phoenix—
Fee Phoenix bp × 2 orders−$7.00
Fee BloFin bp × 2 orders−$12.00
Net, fees only · 7 days · $10k+$108.12
Costs to cover0.190%Break-evenfrom the start
Slippage: Phoenix: no order-book sample; BloFin: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix—————
SELL · SHORTBloFin2.4412.2 bp−$1215.2 bp−$15236.2 bp−$3,620doesn’t fit
Closing costs about the same again.
Phoenix: no data.