Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.7685 | −0.0063 | get 0.0008% / 1h | 7m 31s | $3K | $214K | 10x | Long Phoenix | |
| SHORT | 8.7648 | +0.0100 | get 0.0100% / 8h | 4h 07m | $1.0M | $1.7M | 50x | Short Aster≤10% back |
Price gap−0.042%115s
Funding gap+0.0163% /8h
Funding pays +$5 a day on $10k, but the gap is 0.082% under its 7d average: −$8 if it goes back, about 40 hours of funding.
The two prices were read 115 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$61+0.0163% /8h now · paid +0.613% over the last 7D
Price—spread −0.042%115s now · prices read too far apart to compare
Costs−$490.494% 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
Aster price against Phoenixnow
RANGE STATS · 7D
Now−0.042%
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
2 ok · 4 to watch- Watch: Large against open interest13.8 / 11.7 bp$10k is over 10% of Phoenix’s open interest.
- Note: Margin at max leverage$1,000 + $200Phoenix 10x, Aster 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$4.90Long Phoenix: 24 payments, +$1.90; short Aster: 3 payments, +$3.00.
- Watch: Prices read 115 s apart−0.042% vs +0.039%Part of this gap may be the market moving.
- Watch: Long leg is thinner$3K vs $1.0M OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legAster Stage 5Volume here counts toward the points program.
- OK: No KYC on either legPhoenix No · Aster NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0292%/8h × 21 periods+$61.27
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$34.44
Fee Phoenix bp × 2 orders−$7.00
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k+$11.84
price spread not counted: prices read too far apartCosts to cover0.494%Break-even5.6 days
Slippage: Phoenix: live order book, 19 min ago; Aster: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix1.1413.8 bp−$1458.4 bp−$584doesn’t fitdoesn’t fit
SELL · SHORTAster1.1411.7 bp−$1221.1 bp−$211doesn’t fitdoesn’t fit
Closing costs about the same again.
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