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 | 57m 36s | $47K | $276K | 10x | Long Phoenix | |
| SHORT | 0.000004603 | +0.0100 | get 0.0012% / 1h | 57m 36s | $268K | $1.1M | 10x | Short Nado20% off |
Price gap+0.090%
Funding gap−0.0181% /8h
The gap pays +$17 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 3.2 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 +0.085% over the last 7D
Price+$17spread +0.090% now, avg −0.082% → +0.172% if it goes back
Costs−$860.860% of $10k · taker + slippage, in and out
Result−$60−0.60%+ Points / potential airdropNado: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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+0.090%
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
4 ok · 2 to watch- Watch: Thin at this size24.6 / 13.2 bpAt $10k entering Phoenix costs 24.6 bp, fee and slippage, 1.9× Nado’s.
- Note: Margin at max leverage$1,000 + $1,000Phoenix 10x, Nado 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: −$5.43Long Phoenix: 24 payments, −$8.43; short Nado: 24 payments, +$3.00.
- OK: Entry gap works for you+0.090% vs −0.082%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$47K vs $268K OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legNado pointsVolume here counts toward the points program.
- OK: No KYC on either legPhoenix No · Nado NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0041%/8h × 21 periods+$8.53
Price spread+0.090% → −0.082% (7d avg)+$17.20
Slippage, 4 orderslive order books−$71.97
Fee Phoenix bp × 2 orders−$7.00
Fee Nado bp × 2 orders−$7.00
Net · 7 days · $10k−$60.23
Costs to cover0.860%Break-even56.4 days
Slippage: Phoenix: live order book, 54 min ago; Nado: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.2124.6 bp−$2581.1 bp−$811doesn’t fitdoesn’t fit
SELL · SHORTNado5.4513.2 bp−$1376.8 bp−$768doesn’t fitdoesn’t fit
Closing costs about the same again.
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