Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004529 | +0.0281 | pay 0.0035% / 1h | 52m 12s | $46K | $277K | 10x | Long Phoenix | |
| SHORT | 0.000004510 | +0.0220 | get 0.0220% / 8h | 7h 52m | $4.2M | $15.2M | 75x | Short BloFin |
Price gap−0.428%
Funding gap−0.0061% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.349% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$23−0.0061% /8h now · paid +0.227% over the last 7D
Price−$35spread −0.428% now, avg −0.080% → −0.349% if it goes back
Costs−$760.758% 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−0.428%
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 size25.0 / 10.4 bpAt $10k entering Phoenix costs 25.0 bp, fee and slippage, 2.4× BloFin’s.
- Note: Margin at max leverage$1,000 + $133Phoenix 10x, BloFin 75x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.83Long Phoenix: 24 payments, −$8.43; short BloFin: 3 payments, +$6.60.
- Watch: Gap narrower than usual−0.428% vs −0.080%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$46K vs $4.2M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix No · BloFin LimitedNo ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0108%/8h × 21 periods+$22.66
Price spread−0.428% → −0.080% (7d avg)−$34.86
Slippage, 4 orderslive order books−$56.81
Fee Phoenix bp × 2 orders−$7.00
Fee BloFin bp × 2 orders−$12.00
Net · 7 days · $10k−$88.01
Costs to cover0.758%Break-even34.2 days
Slippage: Phoenix: live order book, 64 min ago; BloFin: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.2525.0 bp−$2581.9 bp−$819doesn’t fitdoesn’t fit
SELL · SHORTBloFin0.6610.4 bp−$1021.1 bp−$211doesn’t fitdoesn’t fit
Closing costs about the same again.
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