Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.9468 | +0.0450 | pay 0.0056% / 1h | 11m 08s | $953 | $114K | 10x | Long Aftermath Perps | |
| SHORT | 8.9472 | −0.0045 | pay 0.0006% / 1h | 11m 08s | $4K | $246K | 10x | Short Phoenix |
Price gap+0.005%
Funding gap−0.0494% /8h
Funding costs $15 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$132−0.0494% /8h now · paid −1.318% over the last 7D
Price+$1spread +0.005% now, avg −0.008% → +0.013% if it goes back
Costs−$520.523% of $10k · taker + slippage, in and out
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Phoenix price against Aftermath Perpsnow
RANGE STATS · 7D
Now+0.005%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hUNI on 41 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Watch: Large against open interest12.9 / 13.2 bp$10k is over 10% of Aftermath Perps’s open interest.
- Note: Margin at max leverage$1,000 + $1,000Aftermath Perps 10x, Phoenix 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: −$14.83Long Aftermath Perps: 24 payments, −$13.49; short Phoenix: 24 payments, −$1.34.
- Note: Gap at its usual level+0.005% vs −0.008%The price leg adds little either way.
- Watch: Long leg is thinner$953 vs $4K OIAftermath Perps sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legAftermath Perps No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0627%/8h × 21 periods−$131.76
Price spread+0.005% → −0.008% (7d avg)+$1.26
Slippage, 4 orderslive order books−$36.26
Fee Aftermath Perps bp × 2 orders−$9.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$182.76
Costs to cover0.523%Break-evennever at this rate
Slippage: Aftermath Perps: live order book, 23 min ago; Phoenix: live order book, 41 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAftermath Perps6.4212.9 bp−$13doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPhoenix1.1213.2 bp−$1346.8 bp−$468doesn’t fitdoesn’t fit
Closing costs about the same again.
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