Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004978 | −0.0512 | get 0.0064% / 1h | 10m 46s | $197K | $481K | 25x | Long Extended10% off | |
| SHORT | 0.000004973 | +0.0726 | get 0.0091% / 1h | 10m 46s | $11K | $174K | 10x | Short Phoenix |
Price gap−0.109%59s
Funding gap+0.1238% /8h
Funding pays +$37 a day on $10k, but the gap is 0.320% under its 7d average: −$32 if it goes back, about 21 hours of funding. At the last 7 days' pace that is about 4.5 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$50+0.1238% /8h now · paid +0.500% over the last 7D
Price—spread −0.109%59s now · prices read too far apart to compare
Costs−$630.634% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.500% in total, about +0.0238%/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−0.109%
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
3 ok · 3 to watch- Watch: Thin at this size7.4 / 24.3 bpAt $10k entering Phoenix costs 24.3 bp, fee and slippage, 3.3× Extended’s.
- Note: Margin at max leverage$400 + $1,000Extended 25x, Phoenix 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: +$37.15Long Extended: 24 payments, +$15.36; short Phoenix: 24 payments, +$21.79.
- Watch: Prices read 59 s apart−0.109% vs +0.211%Part of this gap may be the market moving.
- Watch: Short leg is thinner$11K vs $197K OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- OK: No KYC on either legExtended No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0238%/8h × 21 periods+$50.02
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$51.39
Fee Extended bp × 2 orders−$5.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$13.37
price spread not counted: prices read too far apartCosts to cover0.634%Break-even8.9 days
Slippage: Extended: live order book, 37 min ago; Phoenix: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended4.917.4 bp−$722.5 bp−$225doesn’t fitdoesn’t fit
SELL · SHORTPhoenix3.9824.3 bp−$2481.4 bp−$814doesn’t fitdoesn’t fit
Closing costs about the same again.
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