Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.9348 | −0.0045 | get 0.0006% / 1h | 49m 24s | $4K | $246K | 10x | Long Phoenix | |
| SHORT | 8.9423 | +0.0358 | get 0.0045% / 1h | 49m 24s | $769 | $111K | 10x | Short Aftermath Perps |
Price gap+0.084%
Funding gap+0.0403% /8h
Both sides work: funding pays +$12 a day on $10k, and the gap is 0.076% above its 7d average: +$8 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$132+0.0403% /8h now · paid +1.318% over the last 7D
Price+$8spread +0.084% now, avg +0.008% → +0.076% if it goes back
Costs−$580.585% 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
Aftermath Perps price against Phoenixnow
RANGE STATS · 7D
Now+0.084%
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 · 2 to watch- Watch: Thin at this size13.2 / 16.0 bpAt $10k entering Aftermath Perps costs 16.0 bp, fee and slippage, 1.2× Phoenix’s.
- Note: Margin at max leverage$1,000 + $1,000Phoenix 10x, Aftermath Perps 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: +$12.08Long Phoenix: 24 payments, +$1.34; short Aftermath Perps: 24 payments, +$10.74.
- OK: Entry gap works for you+0.084% vs +0.008%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$769 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 legPhoenix No · Aftermath Perps 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+0.084% → +0.008% (7d avg)+$7.61
Slippage, 4 orderslive order books−$42.48
Fee Phoenix bp × 2 orders−$7.00
Fee Aftermath Perps bp × 2 orders−$9.00
Net · 7 days · $10k+$80.89
Costs to cover0.585%Break-even2.7 days
Slippage: Phoenix: live order book, 2 min ago; Aftermath Perps: live order book, 50 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix1.1213.2 bp−$1355.2 bp−$552doesn’t fitdoesn’t fit
SELL · SHORTAftermath Perps9.5316.0 bp−$16doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-28 15:17 | OKX | Other | New X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗ |
| 09-24 14:32 | Bullet | Listing | By popular demand, $UNI perps are now live on Bullet. 24/7. Up to 10x leverage. On @solana - at the speed of light. @Bulletxyz on X ↗ |
| 09-24 08:00 | HTX | Listing | 🐂Bitcoin Is Pumping, UNI Is Soaring! I Smell a Bull Run! HTX Margin Autumn Craze is now live: 10 popular cryptos, including UNI & BTC, are counted 3x toward your trading volume. Win an iPhone Duo and more. Save up to 50% on your trading fees! Autumn rally won't wait, & neither will the rewards. Join now 👉 @HTX_Global on X ↗ |
| 09-24 06:34 | Bullet | Listing | new market UNI-USD ($UNI) seen by our collector |
| 09-23 20:32 | BingX | Other | $UNI just ripped nearly 50% in a week 👀 Burns, regulatory tailwinds, RWA momentum & Robinhood Chain are adding fuel. Think there’s more in the tank? Trade $UNI 👇 @BingXOfficial on X ↗ |
| 09-23 02:03 | SoDEX | Listing | 📊 SoDEX 24h Movers · Sep 23 61 of 93 markets higher. Brent crude fell below $95 as US-Iran direct talks at the UN signaled easing tensions, weighing on oil-linked assets. Fed officials Barkin and Collins kept a hawkish tone, leaving the door open for further hikes. CME's upcoming BCH and UNI futures listing continued to drive major gains in those tokens. What moved them bitcoin-cash:native · CME Group announced it will list BCH futures on October 19, news continued to drive buying interest. UNI · CME listing UNI futures on Oct 19, plus Uniswap handles over 99% of Robinhood Chain stock token DeFi deposits. DASH · DoorDash agreed to a $131.5M settlement with NYC, resolving the courier minimum-wage investigation and removing regulatory overhang. ZHIPU · Anthropic accused Chinese AI firms of model distillation and CAC launched probes into DeepSeek and Moonshot, pressuring Chinese AI stocks. MINIMAX · Same Anthropic distillation accusations and CAC probes into Chinese AI companies weighed on the sector. 61 up · 31 down · 1 flat across 93 perp markets. 25 also trade spot. Amid Fed hawkishness and Brent's drop below $95, Layer 1 Season posted record Week-3 open interest of $155M, with 17 weeks remaining. SoDEX Layer 1 Season campaign is ongoing since September 1; Week 3 open interest hit an ATH of $155M, with 17 weeks remaining. Trade 👉 @sodex_official on X ↗ |
OKX
Bullet
HTX
BingX
SoDEX