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 | 1.0498 | −0.5000 | pay 0.0625% / 1h | 33m 38s | $3K | $108K | 10x | Short Injective |
Price gap−0.216%
Funding gap−0.4924% /8h
Both sides work against this direction now: funding costs $148 a day on $10k and the gap is 0.216% under zero (no 7-day history yet). Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$54−0.4924% /8h now · paid −0.544% over the last 7D
Price—spread −0.216% now · no price history on both exchanges yet
Costsno datano order book for Phoenix
Result, before costs—no pointsneeds both price histories
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.544% in total, about −0.0259%/8h on average.
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−0.216%
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 · 1 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, Injective 10x. 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: −$147.71Long Phoenix: 24 payments, +$2.29; short Injective: 24 payments, −$150.00.
- Note: No 7-day spread history−0.216%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$2K vs $3K 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 · Injective NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0259%/8h × 21 periods−$54.36
Price spread−0.216% → 0−$21.64
Slippage, 4 ordersno data for Phoenix—
Fee Phoenix bp × 2 orders−$7.00
Fee Injective bp × 2 orders−$0.02
Net, fees only · 7 days · $10k−$83.01
Costs to cover0.070%Break-evennever at this rate
Slippage: Phoenix: no order-book sample; Injective: live order book, 31 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix—————
SELL · SHORTInjective369.75doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Phoenix: no data.