Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.8712 | −0.0091 | get 0.0011% / 1h | 54m 19s | $4K | $232K | 10x | Long Phoenix | |
| SHORT | 9.0300 | +0.0033 | get 0.0004% / 1h | 54m 19s | $690 | $71K | 10x | Short Injective |
Price gap+1.790%
Funding gap+0.0124% /8h
Both sides work: funding pays +$4 a day on $10k, and the gap is 1.790% above zero (no 7-day history yet): +$179 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$160+0.0124% /8h now · paid +1.602% over the last 7D
Price—spread +1.790% now · no price history on both exchanges yet
Costsno datano order book for Injective
Result, before costs—no pointsneeds both price histories
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
Injective price against Phoenixnow
RANGE STATS · 7D
Now+1.790%
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 · 1 to watch- Note: Order book unknown—No order-book sample for Injective: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $1,000Phoenix 10x, Injective 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: +$3.73Long Phoenix: 24 payments, +$2.73; short Injective: 24 payments, +$1.00.
- Note: No 7-day spread history+1.790%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$690 vs $4K OIInjective 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 · Injective NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0763%/8h × 21 periods+$160.21
Price spread+1.790% → 0+$179.01
Slippage, 4 ordersno data for Injective—
Fee Phoenix bp × 2 orders−$7.00
Fee Injective bp × 2 orders−$0.02
Net, fees only · 7 days · $10k+$332.20
Costs to cover0.070%Break-evenfrom the start
Slippage: Phoenix: live order book, 17 min ago; Injective: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix1.2414.5 bp−$1462.2 bp−$622doesn’t fitdoesn’t fit
SELL · SHORTInjective—————
Closing costs about the same again.
Injective: no data.
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