Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.0496 | 0 | 0.0000% / 1h | 58m 33s | $2K | $50K | 5x | Long Phoenix | |
| SHORT | 1.0495 | L +0.1042S −0.0747 | get 0.0093% / 1h | 58m 33s | $200K | $59K | 50x | Short GMX5% off |
Price gap−0.006%61s
Funding gap+0.0747% /8h
Funding trade: +$22 a day on $10k at the current rate, before costs. The price gap is at zero (no 7-day history yet).
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$53+0.0747% /8h now · paid +0.531% over the last 7D
Price—spread −0.006%61s now · prices read too far apart to compare
Costsno datano order book for Phoenix and GMX
Result, before costs—no pointsneeds both prices read together
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.006%
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 and GMX: its slippage is not counted.
- Note: Margin at max leverage$2,000 + $200Phoenix 5x, GMX 50x. 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: +$22.42Long Phoenix: 24 payments, $0.00; short GMX: 24 payments, +$22.42.
- Watch: Prices read 61 s apart−0.006% vs —Part of this gap may be the market moving.
- Watch: Long leg is thinner$2K vs $200K 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 legPhoenix No · GMX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0253%/8h × 21 periods+$53.13
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Phoenix and GMX—
Fee Phoenix bp × 2 orders−$7.00
Fee GMX bp × 2 orders−$12.00
Net, fees only · 7 days · $10k+$34.13
price spread not counted: prices read too far apartCosts to cover0.190%Break-even2.5 days
Slippage: Phoenix: no order-book sample; GMX: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix—————
SELL · SHORTGMX—————
Closing costs about the same again.
Phoenix and GMX: no data.