Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.8772 | −0.0018 | get 0.0002% / 1h | 12m 25s | $3K | $207K | 10x | Long Phoenix | |
| SHORT | 8.8760 | +0.0100 | get 0.0100% / 8h | 4h 12m | $14K | $54K | 10x | Short Orderly |
Price gap−0.014%
Funding gap+0.0118% /8h
Funding trade: +$4 a day on $10k at the current rate, before costs. The price gap is at zero (no 7-day history yet).
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$66+0.0118% /8h now · paid +0.664% over the last 7D
Price—spread −0.014% now · no price history on both exchanges yet
Costsno datano order book for Orderly
Result, before costs—no pointsneeds both price histories
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.014%
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 41 exchanges
lowest funding firstBefore you open
1 ok · 2 to watch- Note: Order book unknown—No order-book sample for Orderly: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $1,000Phoenix 10x, Orderly 10x. 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: +$3.54Long Phoenix: 24 payments, +$0.54; short Orderly: 3 payments, +$3.00.
- Note: No 7-day spread history−0.014%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$3K vs $14K 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 · Orderly NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0316%/8h × 21 periods+$66.38
Price spread−0.014% → 0−$1.35
Slippage, 4 ordersno data for Orderly—
Fee Phoenix bp × 2 orders−$7.00
Fee Orderly bp × 2 orders−$6.00
Net, fees only · 7 days · $10k+$52.03
Costs to cover0.130%Break-even1.5 days
Slippage: Phoenix: live order book, 57 min ago; Orderly: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix1.3515.4 bp−$1567.1 bp−$671doesn’t fitdoesn’t fit
SELL · SHORTOrderly—————
Closing costs about the same again.
Orderly: no data.
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