Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 4.5423 | +0.0255 | pay 0.0032% / 1h | 54m 08s | $1.7M | $555K | 10x | Long Phoenix | |
| SHORT | 4.5280 | +0.0098 | get 0.0012% / 1h | 54m 08s | $1.4M | $3.3M | 50x | Short TxFlow5% off |
Price gap−0.315%59s
Funding gap−0.0157% /8h
Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 0.080% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$53−0.0157% /8h now · paid −0.527% over the last 7D
Price—spread −0.315%59s now · prices read too far apart to compare
Costs−$420.419% of $10k · taker + slippage, in and out
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−0.315%
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
4 ok · 1 to watch- OK: Fits both order books14.5 / 5.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $200Phoenix 10x, TxFlow 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: −$4.71Long Phoenix: 24 payments, −$7.64; short TxFlow: 24 payments, +$2.93.
- Watch: Prices read 59 s apart−0.315% vs −0.234%Part of this gap may be the market moving.
- Note: Short leg is thinner$1.4M vs $1.7M OIBoth legs are deep; TxFlow is the smaller one.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legPhoenix No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0251%/8h × 21 periods−$52.73
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$25.95
Fee Phoenix bp × 2 orders−$7.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$94.68
price spread not counted: prices read too far apartCosts to cover0.419%Break-evennever at this rate
Slippage: Phoenix: live order book, 4 min ago; TxFlow: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix1.9814.5 bp−$1553.4 bp−$534doesn’t fitdoesn’t fit
SELL · SHORTTxFlow1.115.6 bp−$66.4 bp−$6415.2 bp−$1,51983.8 bp−$41.9K
Closing costs about the same again.
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