Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.9582 | −0.0035 | get 0.0004% / 1h | 18m 35s | $4K | $208K | 10x | Long Phoenix | |
| SHORT | 8.9822 | +0.0100 | get 0.0100% / 8h | 2h 18m | $37K | $700K | 30x | Short SunX≤10% back |
Price gap+0.268%
Funding gap+0.0135% /8h
Both sides work: funding pays +$4 a day on $10k, and the gap is 0.240% above its 7d average: +$24 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$66+0.0135% /8h now · paid +0.664% over the last 7D
Price+$24spread +0.268% now, avg +0.028% → +0.240% if it goes back
Costs−$710.710% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.268%
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 42 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size16.7 / 19.4 bpAt $10k entering SunX costs 19.4 bp, fee and slippage, 1.2× Phoenix’s.
- Note: Margin at max leverage$1,000 + $333Phoenix 10x, SunX 30x. 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: +$4.05Long Phoenix: 24 payments, +$1.05; short SunX: 3 payments, +$3.00.
- OK: Entry gap works for you+0.268% vs +0.028%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$4K vs $37K 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 · SunX 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+$66.45
Price spread+0.268% → +0.028% (7d avg)+$23.96
Slippage, 4 orderslive order books−$55.98
Fee Phoenix bp × 2 orders−$7.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k+$19.43
Costs to cover0.710%Break-even5.0 days
Slippage: Phoenix: live order book, 40 min ago; SunX: live order book, 42 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix1.5316.7 bp−$1774.2 bp−$742doesn’t fitdoesn’t fit
SELL · SHORTSunX13.8119.4 bp−$19doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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