Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 100.93 | −0.0036 | get 0.0005% / 1h | 8m 31s | $2.9M | $661K | — | Long AZverse | |
| SHORT | 101.06 | −0.0047 | pay 0.0006% / 1h | 8m 31s | $6.2M | $13.9M | 25x | Short Phoenix |
Price gap+0.128%60s
Funding gap−0.0011% /8h
The gap pays +$8 on $10k if it goes back to its 7d average, but funding costs $0 a day and eats that in about 25 days. At the last 7 days' pace that is about 3.3 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2−0.0011% /8h now · paid −0.022% over the last 21 hours (all we have)
Price—spread +0.128%60s now · prices read too far apart to compare
Costsno datano order book for AZverse
Result, before costs—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+0.128%
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
/8hSOL on 56 exchanges
lowest funding firstBefore you open
2 ok · 1 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage— + $400AZverse —, Phoenix 25x. 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: −$0.34Long AZverse: 24 payments, +$1.08; short Phoenix: 24 payments, −$1.42.
- Watch: Prices read 60 s apart+0.128% vs +0.044%Part of this gap may be the market moving.
- Note: Long leg is thinner$2.9M vs $6.2M OIBoth legs are deep; AZverse is the smaller one.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legAZverse No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0085%/8h × 21 periods−$17.75
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for AZverse—
Fee AZverse bp × 2 orders−$12.00
Fee Phoenix bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$36.75
price spread not counted: prices read too far apartCosts to cover0.190%Break-evennever at this rate
Slippage: AZverse: no order-book sample; Phoenix: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTPhoenix0.494.0 bp−$45.3 bp−$5314.5 bp−$1,449doesn’t fit
Closing costs about the same again.
AZverse: no data.
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