Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004974 | +0.0100 | pay 0.0100% / 8h | 6h 10m | $75.3M | $220.6M | 50x | Long Bybit | |
| SHORT | 0.000004973 | +0.0726 | get 0.0091% / 1h | 10m 46s | $11K | $174K | 10x | Short Phoenix |
Price gap−0.020%62s
Funding gap+0.0626% /8h
Funding pays +$19 a day on $10k, but the gap is 0.126% under its 7d average: −$13 if it goes back, about 16 hours of funding. At the last 7 days' pace that is about 3.2 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$28+0.0626% /8h now · paid +0.275% over the last 7D
Price—spread −0.020%62s now · prices read too far apart to compare
Costs−$670.667% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.275% in total, about +0.0131%/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−0.020%
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
/8hPEPE on 39 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size8.3 / 24.3 bpAt $10k entering Phoenix costs 24.3 bp, fee and slippage, 2.9× Bybit’s.
- Note: Margin at max leverage$200 + $1,000Bybit 50x, Phoenix 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$18.79Long Bybit: 3 payments, −$3.00; short Phoenix: 24 payments, +$21.79.
- Watch: Prices read 62 s apart−0.020% vs +0.106%Part of this gap may be the market moving.
- Watch: Short leg is thinner$11K vs $75.3M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Yes · Phoenix NoStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0131%/8h × 21 periods+$27.52
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$48.72
Fee Bybit bp × 2 orders−$11.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$39.20
price spread not counted: prices read too far apartCosts to cover0.667%Break-even17.0 days
Slippage: Bybit: live order book, 2 min ago; Phoenix: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit1.018.3 bp−$814.1 bp−$14142.4 bp−$4,242doesn’t fit
SELL · SHORTPhoenix3.9824.3 bp−$2481.4 bp−$814doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-28 16:00 | OKX | Other | Europe, your next X Drops basket is here. ZEC, NEAR, SUI, TAO, PEPE, WLD, LINK, PUMP, ONDO and ZAMA are in, with 3.4M $ZAMA up for grabs. Trade @zama for 3× rewards. @okx on X ↗ |
| 10-22 06:00 | KuCoin | Other | Fresh out of the oven: the coin cookie tray 🍪 BTC, ETH, SOL, DOGE, PEPE and more. Which one are you reaching for? Register and complete your first trade for a chance to share 5,000 USDT, up to 100 USDT each. Grab yours 👉 #FoodForYourThought #KuFood #KuCoin @kucoincom on X ↗ |
| 09-28 17:53 | Phoenix | Listing | Now live on Phoenix: $SHIB - 10x leverage $PEPE - 10x leverage @PhoenixTrade on X ↗ |
| 09-24 15:00 | Phoenix | Listing | new market kPEPE ($PEPE) seen by our collector |
| 09-23 09:30 | Phemex | Other | BTC is green. But the alts are doing the talking. $XRP +9.11% $PEPE +18.55% $ZEC +6.56% $NEAR +4.14% 👀 What are you watching? The next 100x gems? Comments below👇 @Phemex_official on X ↗ |
OKX
KuCoin
Phemex