Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.7300 | +0.0100 | pay 0.0013% / 1h | 8m 15s | $41K | $2.7M | 20x | Long StandX+5% pts | |
| SHORT | 8.7425 | −0.0054 | pay 0.0007% / 1h | 8m 15s | $3K | $252K | 10x | Short Phoenix |
Price gap+0.143%57s
Funding gap−0.0154% /8h
The gap pays +$13 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 2.8 days.
The two prices were read 57 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−$64−0.0154% /8h now · paid −0.639% over the last 7D
Price—spread +0.143%57s now · prices read too far apart to compare
Costs−$580.575% of $10k · taker + slippage, in and out
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
Phoenix price against StandXnow
RANGE STATS · 7D
Now+0.143%
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
3 ok · 3 to watch- Watch: Thin at this size17.6 / 13.1 bpAt $10k entering StandX costs 17.6 bp, fee and slippage, 1.3× Phoenix’s.
- Note: Margin at max leverage$500 + $1,000StandX 20x, Phoenix 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: −$4.63Long StandX: 24 payments, −$3.00; short Phoenix: 24 payments, −$1.63.
- Watch: Prices read 57 s apart+0.143% vs +0.011%Part of this gap may be the market moving.
- Watch: Short 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 legStandX No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0304%/8h × 21 periods−$63.93
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$42.53
Fee StandX bp × 2 orders−$8.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$121.46
price spread not counted: prices read too far apartCosts to cover0.575%Break-evennever at this rate
Slippage: StandX: live order book, 1 min ago; Phoenix: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGStandX6.3017.6 bp−$1838.1 bp−$381doesn’t fitdoesn’t fit
SELL · SHORTPhoenix1.0313.1 bp−$1346.5 bp−$465doesn’t fitdoesn’t fit
Closing costs about the same again.
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