Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.8510 | −0.0054 | get 0.0007% / 1h | 23m 23s | $4K | $233K | 10x | Long Phoenix | |
| SHORT | 8.8540 | +0.0100 | get 0.0013% / 1h | 23m 23s | $108K | $261K | 10x | Short Arcus5% off |
Price gap+0.034%
Funding gap+0.0154% /8h
Both sides work: funding pays +$5 a day on $10k, and the gap is 0.023% above its 7d average: +$2 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$62+0.0154% /8h now · paid +0.625% over the last 7D
Price+$2spread +0.034% now, avg +0.011% → +0.023% if it goes back
Costs−$440.439% 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
Arcus price against Phoenixnow
RANGE STATS · 7D
Now+0.034%
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: Large against open interest12.7 / 11.4 bp$10k is over 10% of Phoenix’s open interest.
- Note: Margin at max leverage$1,000 + $1,000Phoenix 10x, Arcus 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: +$4.63Long Phoenix: 24 payments, +$1.63; short Arcus: 24 payments, +$3.00.
- OK: Entry gap works for you+0.034% vs +0.011%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$4K vs $108K 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 legPhoenix No · Arcus NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0297%/8h × 21 periods+$62.46
Price spread+0.034% → +0.011% (7d avg)+$2.34
Slippage, 4 orderslive order books−$32.41
Fee Phoenix bp × 2 orders−$7.00
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k+$20.89
Costs to cover0.439%Break-even4.7 days
Slippage: Phoenix: live order book, 13 min ago; Arcus: live order book, 20 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix1.0112.7 bp−$1353.0 bp−$530doesn’t fitdoesn’t fit
SELL · SHORTArcus4.5011.4 bp−$1114.7 bp−$147doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | UNIRUSDPERP no longer reported ($UNI) seen by our collector |
| 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 ↗ |

OKX
Bullet
HTX
BingX