Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 7.0480 | −0.0072 | get 0.0009% / 1h | 21m 38s | $209K | $300K | 50x | Long TxFlow5% off | |
| SHORT | 7.0588 | −0.0091 | pay 0.0011% / 1h | 21m 38s | $57K | $12K | 10x | Short Phoenix |
Price gap+0.153%
Funding gap−0.0018% /8h
The gap pays +$15 on $10k if it goes back to zero (no 7-day history yet), but funding costs $1 a day and eats that in about 28 days. At the last 7 days' pace that is about 6.8 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$16−0.0018% /8h now · paid −0.158% over the last 7D
Price—spread +0.153% now · no price history on both exchanges yet
Costs−$370.366% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.153%
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 46 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Large against open interest6.4 / 12.5 bp$10k is over 10% of Phoenix’s open interest.
- Note: Margin at max leverage$200 + $1,000TxFlow 50x, 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: −$0.55Long TxFlow: 24 payments, +$2.16; short Phoenix: 24 payments, −$2.72.
- Note: No 7-day spread history+0.153%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$57K vs $209K OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0075%/8h × 21 periods−$15.78
Price spread+0.153% → 0+$15.32
Slippage, 4 orderslive order books−$20.57
Fee TxFlow bp × 2 orders−$9.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$37.02
Costs to cover0.366%Break-evennever at this rate
Slippage: TxFlow: live order book, 66 min ago; Phoenix: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow0.716.4 bp−$68.7 bp−$8730.5 bp−$3,047doesn’t fit
SELL · SHORTPhoenix0.9912.5 bp−$1243.3 bp−$433doesn’t fitdoesn’t fit
Closing costs about the same again.
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