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 | 56m 32s | $47K | $276K | 10x | Long Phoenix | |
| SHORT | 0.000004605 | +0.0100 | get 0.0100% / 8h | 6h 56m | $483K | $5.6M | 75x | Short HTX |
Price gap+0.126%61s
Funding gap−0.0181% /8h
The gap pays +$14 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 2.6 days.
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—spread +0.126%61s now · prices read too far apart to compare
Costs−$950.954% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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+0.126%
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 size24.6 / 18.9 bpAt $10k entering Phoenix costs 24.6 bp, fee and slippage, 1.3× HTX’s.
- Note: Margin at max leverage$1,000 + $133Phoenix 10x, HTX 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: −$5.43Long Phoenix: 24 payments, −$8.43; short HTX: 3 payments, +$3.00.
- Watch: Prices read 61 s apart+0.126% vs −0.013%Part of this gap may be the market moving.
- Watch: Long leg is thinner$47K vs $483K OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix No · HTX LimitedNo 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 spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$76.35
Fee Phoenix bp × 2 orders−$7.00
Fee HTX bp × 2 orders−$12.00
Net · 7 days · $10k−$86.34
price spread not counted: prices read too far apartCosts to cover0.954%Break-even74.1 days
Slippage: Phoenix: live order book, 55 min ago; HTX: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.2124.6 bp−$2581.1 bp−$811doesn’t fitdoesn’t fit
SELL · SHORTHTX9.2018.9 bp−$1956.3 bp−$563doesn’t fitdoesn’t fit
Closing costs about the same again.
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