Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.8378 | −0.0073 | get 0.0009% / 1h | 8m 38s | $3K | $266K | 10x | Long Phoenix | |
| SHORT | 8.8340 | +0.0100 | get 0.0100% / 8h | 7h 08m | $11.7M | $17.7M | 75x | Short KuCoin |
Price gap−0.043%48s
Funding gap+0.0173% /8h
Funding trade: +$5 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
The two prices were read 48 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+$65+0.0173% /8h now · paid +0.648% over the last 7D
Price—spread −0.043%48s now · prices read too far apart to compare
Costs−$660.656% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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
KuCoin price against Phoenixnow
RANGE STATS · 7D
Now−0.043%
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
0 ok · 5 to watch- Watch: Thin at this size16.7 / 16.4 bpAt $10k entering Phoenix costs 16.7 bp, fee and slippage, 1.0× KuCoin’s.
- Note: Margin at max leverage$1,000 + $133Phoenix 10x, KuCoin 75x. 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: +$5.18Long Phoenix: 24 payments, +$2.18; short KuCoin: 3 payments, +$3.00.
- Watch: Prices read 48 s apart−0.043% vs −0.030%Part of this gap may be the market moving.
- Watch: Long leg is thinner$3K vs $11.7M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix No · KuCoin YesStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0308%/8h × 21 periods+$64.78
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$46.63
Fee Phoenix bp × 2 orders−$7.00
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$0.85
price spread not counted: prices read too far apartCosts to cover0.656%Break-even7.1 days
Slippage: Phoenix: live order book, 59 min ago; KuCoin: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix1.4716.7 bp−$1774.0 bp−$740doesn’t fitdoesn’t fit
SELL · SHORTKuCoin1.7116.4 bp−$1628.1 bp−$28144.0 bp−$4,402doesn’t fit
Closing costs about the same again.
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