Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.4239 | L +0.0412S −0.1096 | pay 0.0052% / 1h | 52m 31s | $8K | $65K | 150x | Long gTrade (Gains Network) | |
| SHORT | 6.4661 | −0.0087 | pay 0.0011% / 1h | 52m 31s | $76K | $229K | 10x | Short Phoenix |
Price gap+0.657%60s
Funding gap−0.0499% /8h
The gap pays +$66 on $10k if it goes back to zero (no 7-day history yet), but funding costs $15 a day and eats that in about 4.4 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$99−0.0499% /8h now · paid −0.993% over the last 7D
Price—spread +0.657%60s now · prices read too far apart to compare
Costsno datano order book for gTrade (Gains Network)
Result, before costs—no pointsneeds both prices read together
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.657%
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
/8hUNI on 46 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for gTrade (Gains Network): its slippage is not counted.
- Note: Margin at max leverage$67 + $1,000gTrade (Gains Network) 150x, 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: −$14.97Long gTrade (Gains Network): 24 payments, −$12.37; short Phoenix: 24 payments, −$2.60.
- Watch: Prices read 60 s apart+0.657% vs —Part of this gap may be the market moving.
- Watch: Long leg is thinner$8K vs $76K OIgTrade (Gains Network) sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either leggTrade (Gains Network) No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0473%/8h × 21 periods−$99.27
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for gTrade (Gains Network)—
Fee gTrade (Gains Network) bp × 2 orders−$10.00
Fee Phoenix bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$116.27
price spread not counted: prices read too far apartCosts to cover0.170%Break-evennever at this rate
Slippage: gTrade (Gains Network): no order-book sample; Phoenix: live order book, 59 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGgTrade (Gains Network)—————
SELL · SHORTPhoenix1.5813.1 bp−$1344.1 bp−$441doesn’t fitdoesn’t fit
Closing costs about the same again.
gTrade (Gains Network): no data.
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