Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 308.70 | −0.0026 | get 0.0003% / 1h | 52m 03s | $80K | $154K | 5x | Long Phoenix | |
| SHORT | 309.59 | L +0.0237S +0.0033 | pay 0.0004% / 1h | 52m 03s | $56K | — | 10x | Short Avantis |
Price gap+0.287%64s
Funding gap−0.0007% /8h
Funding is ≈ 0, so this is a price-spread trade: +$29 on $10k if the gap goes back to zero (no 7-day history yet).
The two prices were read 64 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$21−0.0007% /8h now · paid −0.211% over the last 7D
Price—spread +0.287%64s now · prices read too far apart to compare
Costsno datano order book for Avantis
Result, before costs—+ Points / potential airdropAvantis: Season 3 · farm boardneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.287%
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
/8hTAO on 42 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Note: Order book unknown—No order-book sample for Avantis: its slippage is not counted.
- Note: Margin at max leverage$2,000 + $1,000Phoenix 5x, Avantis 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: −$0.21Long Phoenix: 24 payments, +$0.78; short Avantis: 24 payments, −$0.98.
- Watch: Prices read 64 s apart+0.287% vs —Part of this gap may be the market moving.
- Watch: Short leg is thinner$56K vs $80K OIAvantis sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3Volume here counts toward the points program.
- OK: No KYC on either legPhoenix No · Avantis NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0100%/8h × 21 periods−$21.08
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Avantis—
Fee Phoenix bp × 2 orders−$7.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$37.08
price spread not counted: prices read too far apartCosts to cover0.160%Break-evennever at this rate
Slippage: Phoenix: live order book, 7 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix3.2318.9 bp−$1988.0 bp−$880doesn’t fitdoesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
| 09-30 01:05 | Reya | Listing | TAORUSDPERP no longer reported ($TAO) seen by our collector |
| 09-29 11:00 | Bulk | Listing | TAO-USD no longer reported ($TAO) seen by our collector |
| 09-28 15:17 | OKX | Other | New X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗ |
| 09-23 05:00 | HTX | Product | TAO, 4STOCK, MON & LIT: APY Boost Is Live! Earn up to 30% APY with limited-time subsidies on Flexible Products. Don’t miss it. Join now >> @HTX_Global on X ↗ |
| 09-22 07:03 | ApeX Omni | Other | 59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗ |
| 09-19 11:24 | OKX | Contest | New X Drops basket is now live in the EEA. Trade $CP, $SOL, $ZEC, $SUI, $HYPE, $LINK, $TAO, $ARB, $UNI or $NEAR and compete for a share of 150K USDC across four payouts, with a 3x multiplier on all CP trades. Join X Drops Club today. @okx on X ↗ |
Reya
Bulk
OKX
HTX
ApeX Omni