Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.8479 | −0.0072 | get 0.0009% / 1h | 55m 06s | $3K | $252K | 10x | Long Phoenix | |
| SHORT | 8.8490 | +0.0100 | get 0.0013% / 1h | 55m 06s | $41K | $2.6M | 20x | Short StandX+5% pts |
Price gap+0.012%
Funding gap+0.0172% /8h
Both sides work: funding pays +$5 a day on $10k, and the gap is 0.022% above its 7d average: +$2 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$63+0.0172% /8h now · paid +0.632% over the last 7D
Price+$2spread +0.012% now, avg −0.010% → +0.022% if it goes back
Costs−$580.581% of $10k · taker + slippage, in and out
Result+$7+0.07%+ Points / potential airdropStandX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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
StandX price against Phoenixnow
RANGE STATS · 7D
Now+0.012%
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
4 ok · 2 to watch- Watch: Thin at this size12.5 / 23.2 bpAt $10k entering StandX costs 23.2 bp, fee and slippage, 1.9× Phoenix’s.
- Note: Margin at max leverage$1,000 + $500Phoenix 10x, StandX 20x. 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: +$5.17Long Phoenix: 24 payments, +$2.17; short StandX: 24 payments, +$3.00.
- OK: Entry gap works for you+0.012% vs −0.010%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$3K vs $41K OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legStandX pointsVolume here counts toward the points program.
- OK: No KYC on either legPhoenix No · StandX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0301%/8h × 21 periods+$63.19
Price spread+0.012% → −0.010% (7d avg)+$2.23
Slippage, 4 orderslive order books−$43.07
Fee Phoenix bp × 2 orders−$7.00
Fee StandX bp × 2 orders−$8.00
Net · 7 days · $10k+$7.35
Costs to cover0.581%Break-even6.2 days
Slippage: Phoenix: live order book, 22 min ago; StandX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix1.0212.5 bp−$1351.6 bp−$516doesn’t fitdoesn’t fit
SELL · SHORTStandX5.6423.2 bp−$2341.6 bp−$416doesn’t fitdoesn’t fit
Closing costs about the same again.
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