Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.0452 | −0.0077 | get 0.0010% / 1h | 18m 34s | $2K | $51K | 5x | Long Phoenix | |
| SHORT | 1.0445 | +0.0100 | get 0.0050% / 4h | 1h 18m | $49K | $300K | 10x | Short edgeX |
Price gap−0.063%
Funding gap+0.0177% /8h
Funding pays +$5 a day on $10k, but the gap is 0.063% under zero (no 7-day history yet): −$6 if it goes back, about 29 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$63+0.0177% /8h now · paid +0.626% over the last 7D
Price—spread −0.063% now · no price history on both exchanges yet
Costsno datano order book for Phoenix
Result, before costs—+ Points / potential airdropedgeX: points · farm boardneeds 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−0.063%
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 Phoenix: its slippage is not counted.
- Note: Margin at max leverage$2,000 + $1,000Phoenix 5x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$5.30Long Phoenix: 24 payments, +$2.30; short edgeX: 6 payments, +$3.00.
- Note: No 7-day spread history−0.063%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$2K vs $49K OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legPhoenix No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0298%/8h × 21 periods+$62.65
Price spread−0.063% → 0−$6.33
Slippage, 4 ordersno data for Phoenix—
Fee Phoenix bp × 2 orders−$7.00
Fee edgeX bp × 2 orders−$9.00
Net, fees only · 7 days · $10k+$40.31
Costs to cover0.160%Break-even2.5 days
Slippage: Phoenix: no order-book sample; edgeX: live order book, 61 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix—————
SELL · SHORTedgeX3.348.3 bp−$898.0 bp−$980doesn’t fitdoesn’t fit
Closing costs about the same again.
Phoenix: no data.