Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 4.4949 | +0.0358 | pay 0.0045% / 1h | 38m 40s | $1.7M | $811K | 10x | Long Phoenix | |
| SHORT | 4.4956 | −0.0081 | pay 0.0010% / 1h | 38m 40s | $284K | $461K | — | Short AZverse |
Price gap+0.016%60s
Funding gap−0.0439% /8h
The gap pays +$14 on $10k if it goes back to its 7d average, but funding costs $13 a day and eats that in about 25 hours. At the last 7 days' pace that is about 4.8 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2−0.0439% /8h now · paid −0.019% over the last 16 hours (all we have)
Price—spread +0.016%60s now · prices read too far apart to compare
Costsno datano order book for AZverse
Result, before costs—no pointsneeds both prices read together
The current funding rate is far below what this pair has been paying: over the last 16 hours it paid −0.019% in total, about −0.0094%/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+0.016%
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
/8hNEAR on 50 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage$1,000 + —Phoenix 10x, AZverse —. 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: −$13.18Long Phoenix: 24 payments, −$10.74; short AZverse: 24 payments, −$2.43.
- Watch: Prices read 60 s apart+0.016% vs −0.120%Part of this gap may be the market moving.
- Watch: Short leg is thinner$284K vs $1.7M OIAZverse 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 · AZverse NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0094%/8h × 21 periods−$19.80
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for AZverse—
Fee Phoenix bp × 2 orders−$7.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$38.80
price spread not counted: prices read too far apartCosts to cover0.190%Break-evennever at this rate
Slippage: Phoenix: live order book, 5 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.0014.5 bp−$1453.4 bp−$534doesn’t fitdoesn’t fit
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
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