Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.0521 | −0.0076 | get 0.0010% / 1h | 33m 38s | $2K | $50K | 5x | Long Phoenix | |
| SHORT | 1.0511 | +0.0100 | get 0.0100% / 8h | 2h 33m | $311K | $367K | 10x | Short GRVT |
Price gap−0.092%
Funding gap+0.0176% /8h
Funding pays +$5 a day on $10k, but the gap is 0.092% under zero (no 7-day history yet): −$9 if it goes back, about 42 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$60+0.0176% /8h now · paid +0.602% over the last 7D
Price—spread −0.092% now · no price history on both exchanges yet
Costsno datano order book for Phoenix
Result, before costs—+ Points / potential airdropGRVT: 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−0.092%
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, GRVT 10x. 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: +$5.29Long Phoenix: 24 payments, +$2.29; short GRVT: 3 payments, +$3.00.
- Note: No 7-day spread history−0.092%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$2K vs $311K OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- OK: No KYC on either legPhoenix No · GRVT NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0287%/8h × 21 periods+$60.18
Price spread−0.092% → 0−$9.22
Slippage, 4 ordersno data for Phoenix—
Fee Phoenix bp × 2 orders−$7.00
Fee GRVT bp × 2 orders−$9.00
Net, fees only · 7 days · $10k+$34.96
Costs to cover0.160%Break-even2.9 days
Slippage: Phoenix: no order-book sample; GRVT: live order book, 31 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix—————
SELL · SHORTGRVT1.909.1 bp−$913.1 bp−$131doesn’t fitdoesn’t fit
Closing costs about the same again.
Phoenix: no data.