Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004524 | +0.0100 | pay 0.0100% / 8h | 7h 52m | $477K | $5.2M | 75x | Long HTX | |
| SHORT | 0.000004529 | +0.0281 | get 0.0035% / 1h | 52m 54s | $46K | $277K | 10x | Short Phoenix |
Price gap+0.106%
Funding gap+0.0181% /8h
Both sides work: funding pays +$5 a day on $10k, and the gap is 0.093% above its 7d average: +$9 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$9+0.0181% /8h now · paid −0.090% over the last 7D
Price+$9spread +0.106% now, avg +0.013% → +0.093% if it goes back
Costs−$1011.015% 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+0.106%
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
1 ok · 4 to watch- Watch: Thin at this size28.4 / 25.0 bpAt $10k entering HTX costs 28.4 bp, fee and slippage, 1.1× Phoenix’s.
- Note: Margin at max leverage$133 + $1,000HTX 75x, 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: +$5.43Long HTX: 3 payments, −$3.00; short Phoenix: 24 payments, +$8.43.
- OK: Entry gap works for you+0.106% vs +0.013%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$46K vs $477K OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCHTX Limited · Phoenix NoNo ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0043%/8h × 21 periods−$9.01
Price spread+0.106% → +0.013% (7d avg)+$9.29
Slippage, 4 orderslive order books−$82.47
Fee HTX bp × 2 orders−$12.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$101.19
Costs to cover1.015%Break-evennever at this rate
Slippage: HTX: live order book, 5 min ago; Phoenix: live order book, 64 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHTX8.2428.4 bp−$2882.0 bp−$820doesn’t fitdoesn’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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