Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.5080 | −0.0087 | get 0.0011% / 1h | 57m 46s | $77K | $226K | 10x | Long Phoenix | |
| SHORT | 6.4648 | L +0.0412S −0.1095 | get 0.0137% / 1h | 57m 46s | $8K | $66K | 150x | Short gTrade (Gains Network) |
Price gap−0.664%
Funding gap+0.1182% /8h
Funding pays +$35 a day on $10k, but the gap is 0.664% under zero (no 7-day history yet): −$66 if it goes back, about 45 hours of funding. At the last 7 days' pace that is about 5.6 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$84+0.1182% /8h now · paid +0.836% over the last 7D
Price—spread −0.664% now · no price history on both exchanges yet
Costsno datano order book for gTrade (Gains Network)
Result, before costs—no pointsneeds both price histories
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.664%
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 · 1 to watch- Note: Order book unknown—No order-book sample for gTrade (Gains Network): its slippage is not counted.
- Note: Margin at max leverage$1,000 + $67Phoenix 10x, gTrade (Gains Network) 150x. 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: +$35.45Long Phoenix: 24 payments, +$2.60; short gTrade (Gains Network): 24 payments, +$32.85.
- Note: No 7-day spread history−0.664%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$8K vs $77K 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 legPhoenix No · gTrade (Gains Network) NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0398%/8h × 21 periods+$83.60
Price spread−0.664% → 0−$66.40
Slippage, 4 ordersno data for gTrade (Gains Network)—
Fee Phoenix bp × 2 orders−$7.00
Fee gTrade (Gains Network) bp × 2 orders−$10.00
Net, fees only · 7 days · $10k+$0.20
Costs to cover0.170%Break-even7.0 days
Slippage: Phoenix: live order book, 48 min ago; gTrade (Gains Network): no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix1.5413.0 bp−$1351.4 bp−$514doesn’t fitdoesn’t fit
SELL · SHORTgTrade (Gains Network)—————
Closing costs about the same again.
gTrade (Gains Network): no data.
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