Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.7583 | +0.0100 | pay 0.0050% / 4h | 7m 05s | $109K | $390K | 20x | Long edgeX | |
| SHORT | 8.7685 | −0.0063 | pay 0.0008% / 1h | 7m 05s | $3K | $214K | 10x | Short Phoenix |
Price gap+0.116%
Funding gap−0.0163% /8h
The gap pays +$6 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 28 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$61−0.0163% /8h now · paid −0.610% over the last 7D
Price+$6spread +0.116% now, avg +0.059% → +0.058% if it goes back
Costs−$440.440% of $10k · taker + slippage, in and out
Result−$99−0.99%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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 edgeXnow
RANGE STATS · 7D
Now+0.116%
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
3 ok · 3 to watch- Watch: Large against open interest8.1 / 13.8 bp$10k is over 10% of Phoenix’s open interest.
- Note: Margin at max leverage$500 + $1,000edgeX 20x, Phoenix 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$4.90Long edgeX: 6 payments, −$3.00; short Phoenix: 24 payments, −$1.90.
- OK: Entry gap works for you+0.116% vs +0.059%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$3K vs $109K OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legedgeX No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0290%/8h × 21 periods−$61.00
Price spread+0.116% → +0.059% (7d avg)+$5.77
Slippage, 4 orderslive order books−$27.98
Fee edgeX bp × 2 orders−$9.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$99.21
Costs to cover0.440%Break-evennever at this rate
Slippage: edgeX: live order book, 26 min ago; Phoenix: live order book, 20 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX3.438.1 bp−$826.1 bp−$261doesn’t fitdoesn’t fit
SELL · SHORTPhoenix1.1413.8 bp−$1449.5 bp−$495doesn’t fitdoesn’t fit
Closing costs about the same again.
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