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 49s | $46K | $277K | 10x | Long Phoenix | |
| SHORT | 0.000004509 | +0.0702 | get 0.0088% / 1h | 52m 49s | $67K | $476K | 10x | Short Injective |
Price gap−0.452%
Funding gap+0.0421% /8h
Funding pays +$13 a day on $10k, but the gap is 0.303% under its 7d average: −$30 if it goes back, about 2.4 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$83+0.0421% /8h now · paid +0.828% over the last 7D
Price−$30spread −0.452% now, avg −0.149% → −0.303% if it goes back
Costs−$1221.216% 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−0.452%
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- Watch: Thin at this size25.0 / 23.2 bpAt $10k entering Phoenix costs 25.0 bp, fee and slippage, 1.1× Injective’s.
- Note: Margin at max leverage$1,000 + $1,000Phoenix 10x, Injective 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: +$12.64Long Phoenix: 24 payments, −$8.43; short Injective: 24 payments, +$21.07.
- Watch: Gap narrower than usual−0.452% vs −0.149%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 $67K 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 · Injective NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0394%/8h × 21 periods+$82.82
Price spread−0.452% → −0.149% (7d avg)−$30.27
Slippage, 4 orderslive order books−$114.58
Fee Phoenix bp × 2 orders−$7.00
Fee Injective bp × 2 orders−$0.02
Net · 7 days · $10k−$69.05
Costs to cover1.216%Break-even12.8 days
Slippage: Phoenix: live order book, 64 min ago; Injective: live order book, 45 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.2525.0 bp−$2581.9 bp−$819doesn’t fitdoesn’t fit
SELL · SHORTInjective21.8623.2 bp−$23doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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