Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.8160 | +0.0100 | pay 0.0013% / 1h | 33m 37s | $45K | $762K | 50x | Long ApeX Omni5% off | |
| SHORT | 8.8056 | −0.0073 | pay 0.0009% / 1h | 33m 37s | $3K | $266K | 10x | Short Phoenix |
Price gap−0.118%
Funding gap−0.0173% /8h
Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 0.133% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$64−0.0173% /8h now · paid −0.645% over the last 7D
Price−$13spread −0.118% now, avg +0.015% → −0.133% if it goes back
Costs−$610.614% 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 ApeX Omninow
RANGE STATS · 7D
Now−0.118%
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 · 3 to watch- Watch: Thin at this size13.7 / 16.7 bpAt $10k entering Phoenix costs 16.7 bp, fee and slippage, 1.2× ApeX Omni’s.
- Note: Margin at max leverage$200 + $1,000ApeX Omni 50x, 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: −$5.18Long ApeX Omni: 24 payments, −$3.00; short Phoenix: 24 payments, −$2.18.
- Watch: Gap narrower than usual−0.118% vs +0.015%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$3K vs $45K 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 legApeX Omni No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0307%/8h × 21 periods−$64.48
Price spread−0.118% → +0.015% (7d avg)−$13.28
Slippage, 4 orderslive order books−$44.42
Fee ApeX Omni bp × 2 orders−$10.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$139.18
Costs to cover0.614%Break-evennever at this rate
Slippage: ApeX Omni: live order book, 25 min ago; Phoenix: live order book, 34 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGApeX Omni6.8013.7 bp−$1492.9 bp−$929doesn’t fitdoesn’t fit
SELL · SHORTPhoenix1.4716.7 bp−$1762.7 bp−$627doesn’t fitdoesn’t fit
Closing costs about the same again.
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