Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,222.6 | +0.0005 | pay 0.0001% / 1h | 55m 51s | $4.3M | $475K | 10x | Long Phoenix | |
| SHORT | 1,216.7 | +0.0055 | get 0.0007% / 1h | 55m 51s | $1.2M | $1.9M | 50x | Short TxFlow5% off |
Price gap−0.481%61s
Funding gap+0.0050% /8h
Funding pays +$2 a day on $10k, but the gap is 0.337% under its 7d average: −$34 if it goes back, about 22 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$11+0.0050% /8h now · paid +0.113% over the last 7D
Price—spread −0.481%61s now · prices read too far apart to compare
Costs−$270.269% 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−0.481%
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
/8hZEC on 51 exchanges
lowest funding firstBefore you open
4 ok · 1 to watch- OK: Fits both order books7.8 / 5.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $200Phoenix 10x, TxFlow 50x. 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: +$1.50Long Phoenix: 24 payments, −$0.16; short TxFlow: 24 payments, +$1.66.
- Watch: Prices read 61 s apart−0.481% vs −0.144%Part of this gap may be the market moving.
- Note: Short leg is thinner$1.2M vs $4.3M OIBoth legs are deep; TxFlow is the smaller one.
- 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+0.0054%/8h × 21 periods+$11.32
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$10.88
Fee Phoenix bp × 2 orders−$7.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$15.56
price spread not counted: prices read too far apartCosts to cover0.269%Break-even16.6 days
Slippage: Phoenix: live order book, 2 min ago; TxFlow: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix1.477.8 bp−$815.8 bp−$158116.8 bp−$11.7Kdoesn’t fit
SELL · SHORTTxFlow0.905.6 bp−$67.0 bp−$7018.0 bp−$1,80568.0 bp−$34.0K
Closing costs about the same again.
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