Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004508 | L +0.0318S +0.0046 | pay 0.0040% / 1h | 51m 46s | $3K | $366K | 150x | Long gTrade (Gains Network) | |
| SHORT | 0.000004529 | +0.0281 | get 0.0035% / 1h | 51m 46s | $46K | $277K | 10x | Short Phoenix |
Price gap+0.459%
Funding gap−0.0037% /8h
The gap pays +$29 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 26 days. At the last 7 days' pace that is about 3.7 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$55−0.0037% /8h now · paid −0.548% over the last 7D
Price+$29spread +0.459% now, avg +0.170% → +0.289% if it goes back
Costs−$3503.503% of $10k · taker + slippage, in and out
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.459%
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 · 2 to watch- Watch: Thin at this size165.1 / 25.0 bpAt $10k entering gTrade (Gains Network) costs 165.1 bp, fee and slippage, 6.6× Phoenix’s.
- Note: Margin at max leverage$67 + $1,000gTrade (Gains Network) 150x, 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: −$1.11Long gTrade (Gains Network): 24 payments, −$9.54; short Phoenix: 24 payments, +$8.43.
- OK: Entry gap works for you+0.459% vs +0.170%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$3K vs $46K OIgTrade (Gains Network) sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either leggTrade (Gains Network) No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0261%/8h × 21 periods−$54.83
Price spread+0.459% → +0.170% (7d avg)+$28.92
Slippage, 4 orderslive order books−$333.30
Fee gTrade (Gains Network) bp × 2 orders−$10.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$376.20
Costs to cover3.503%Break-evennever at this rate
Slippage: gTrade (Gains Network): virtual book (oracle exchange), 56 min ago; Phoenix: live order book, 65 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGgTrade (Gains Network)130.13165.1 bp−$1651207.2 bp−$12.1K12452.7 bp−$1.25Mdoesn’t fit
SELL · SHORTPhoenix2.2525.0 bp−$2584.5 bp−$845doesn’t fitdoesn’t fit
Closing costs about the same again.
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