Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 22.350 | +0.0323 | pay 0.0040% / 1h | 59m 18s | $13K | $130K | 5x | Long Phoenix | |
| SHORT | 22.270 | +0.0100 | get 0.0013% / 1h | 59m 18s | $240K | $603K | 20x | Short TxFlow5% off |
Price gap−0.358%
Funding gap−0.0223% /8h
Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.181% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$17−0.0223% /8h now · paid −0.165% over the last 7D
Price−$18spread −0.358% now, avg −0.177% → −0.181% if it goes back
Costs−$930.928% of $10k · taker + slippage, in and out
Result−$127−1.27%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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−0.358%
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
/8hVVV on 36 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size26.4 / 21.0 bpAt $10k entering Phoenix costs 26.4 bp, fee and slippage, 1.3× TxFlow’s.
- Note: Margin at max leverage$2,000 + $500Phoenix 5x, TxFlow 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: −$6.68Long Phoenix: 24 payments, −$9.68; short TxFlow: 24 payments, +$3.00.
- Watch: Gap narrower than usual−0.358% vs −0.177%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$13K vs $240K 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 legPhoenix No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0079%/8h × 21 periods−$16.53
Price spread−0.358% → −0.177% (7d avg)−$18.05
Slippage, 4 orderslive order books−$76.85
Fee Phoenix bp × 2 orders−$7.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$127.43
Costs to cover0.928%Break-evennever at this rate
Slippage: Phoenix: live order book, 42 min ago; TxFlow: live order book, 27 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix9.4426.4 bp−$2672.7 bp−$727doesn’t fitdoesn’t fit
SELL · SHORTTxFlow3.3821.0 bp−$2159.8 bp−$598doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-29 13:21 | Orderly | Listing | Another one hits the order book 🟣 $VVV, the native token of @AskVenice, is now LIVE as a perp on Orderly Go long or short across 500+ Orderly-powered DEXs @OrderlyNetwork on X ↗ |
| 10-28 15:05 | Orderly | Listing | new market PERP_VVV_USDC_mythos ($VVV) seen by our collector |
| 10-26 07:15 | AZverse | Listing | new market vvv_usdt ($VVV) seen by our collector |
| 10-01 00:11 | Derive | Token | September at Derive: ➤ Leadership. @APvanvoorhees joined as Chief Legal and Compliance Officer, bringing 20+ years in capital markets and derivatives law. ➤ Record month. $1.7B in a week, $4.8B for September. ➤ New markets. LIT, PUMP and VVV markets went live, with liquidity ramping ahead of V3. ➤ Governance. Proposals went live for the V3 launch and increasing the share of protocol revenue allocated to $DRV buybacks from 35% to 50%. ➤ fomo. Derive joined @fomo, giving users another way to follow our updates. ➤ Bitvavo listing. $DRV went live for eligible users in supported regions. Next: Derive V3. @DeriveXYZ on X ↗ |
| 09-23 15:23 | Perpl | Listing | You can now trade $VVV with up to 3x leverage. For the next 24 hours, $1,000 in extra mPoints will be allocated to traders in proportion to their volume on the pair. @perpltrade on X ↗ |
| 09-23 15:22 | Perpl | Listing | new market VVV ($VVV) seen by our collector |

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