Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004599 | +0.0281 | pay 0.0035% / 1h | 58m 30s | $47K | $276K | 10x | Long Phoenix | |
| SHORT | 0.000004597 | +0.0096 | get 0.0012% / 1h | 58m 30s | $130K | $203 | 3x | Short Aevo |
Price gap−0.043%61s
Funding gap−0.0185% /8h
The gap pays +$11 on $10k if it goes back to its 7d average, but funding costs $6 a day and eats that in about 2.0 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$2−0.0185% /8h now · paid +0.022% over the last 7D
Price—spread −0.043%61s now · prices read too far apart to compare
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs—no pointsneeds both prices read together
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.022% in total, about +0.0011%/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−0.043%
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
2 ok · 3 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Aevo’s order book right now.
- Note: Margin at max leverage$1,000 + $3,333Phoenix 10x, Aevo 3x. 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: −$5.55Long Phoenix: 24 payments, −$8.43; short Aevo: 24 payments, +$2.88.
- Watch: Prices read 61 s apart−0.043% vs −0.156%Part of this gap may be the market moving.
- Watch: Long leg is thinner$47K vs $130K OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legPhoenix No · Aevo NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0011%/8h × 21 periods+$2.25
Price spreadprices read too far apart to compare—
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Phoenix bp × 2 orders−$7.00
Fee Aevo bp × 2 orders−$16.00
Net · 7 days · $10k—
doesn’t fit the books at $10kprice spread not counted: prices read too far apartCosts to cover—Break-even—
Slippage: Phoenix: live order book, 53 min ago; Aevo: live order book, 19 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.2124.6 bp−$2581.1 bp−$811doesn’t fitdoesn’t fit
SELL · SHORTAevo381.51doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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