Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.8520 | +0.0100 | pay 0.0100% / 8h | 4h 55m | $14K | $54K | 10x | Long Orderly | |
| SHORT | 8.8590 | −0.0018 | pay 0.0002% / 1h | 55m 09s | $3K | $207K | 10x | Short Phoenix |
Price gap+0.079%
Funding gap−0.0118% /8h
The gap pays +$8 on $10k if it goes back to zero (no 7-day history yet), but funding costs $4 a day and eats that in about 2.2 days. At the last 7 days' pace that is about 20 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$66−0.0118% /8h now · paid −0.664% over the last 7D
Price—spread +0.079% now · no price history on both exchanges yet
Costsno datano order book for Orderly
Result, before costs—no pointsneeds both price histories
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.079%
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 41 exchanges
lowest funding firstBefore you open
1 ok · 2 to watch- Note: Order book unknown—No order-book sample for Orderly: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $1,000Orderly 10x, Phoenix 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$3.54Long Orderly: 3 payments, −$3.00; short Phoenix: 24 payments, −$0.54.
- Note: No 7-day spread history+0.079%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$3K vs $14K 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 legOrderly No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0316%/8h × 21 periods−$66.40
Price spread+0.079% → 0+$7.91
Slippage, 4 ordersno data for Orderly—
Fee Orderly bp × 2 orders−$6.00
Fee Phoenix bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$71.49
Costs to cover0.130%Break-evennever at this rate
Slippage: Orderly: no order-book sample; Phoenix: live order book, 14 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOrderly—————
SELL · SHORTPhoenix1.3515.4 bp−$1556.8 bp−$568doesn’t fitdoesn’t fit
Closing costs about the same again.
Orderly: no data.
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