Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.7619 | +0.0100 | pay 0.0050% / 4h | 3h 25m | $236K | $174K | 10x | Long Aster≤10% back | |
| SHORT | 1.7620 | −0.0320 | pay 0.0040% / 1h | 25m 07s | $205K | $20K | 5x | Short Phoenix |
Price gap+0.005%
Funding gap−0.0420% /8h
Funding costs $13 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$84−0.0420% /8h now · paid −0.839% over the last 7D
Price$0spread +0.005% now, avg +0.005% → 0.000% if it goes back
Costs−$1171.167% of $10k · taker + slippage, in and out
Result−$201−2.01%+ Points / potential airdropAster: Stage 5 · 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+0.005%
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
/8hZRO on 30 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size53.7 / 23.1 bpAt $10k entering Aster costs 53.7 bp, fee and slippage, 2.3× Phoenix’s.
- Note: Margin at max leverage$1,000 + $2,000Aster 10x, Phoenix 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$12.59Long Aster: 6 payments, −$3.00; short Phoenix: 24 payments, −$9.59.
- Note: Gap at its usual level+0.005% vs +0.005%The price leg adds little either way.
- Watch: Short leg is thinner$205K vs $236K OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legAster Stage 5Volume here counts toward the points program.
- OK: No KYC on either legAster No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0399%/8h × 21 periods−$83.87
Price spread+0.005% → +0.005% (7d avg)−$0.05
Slippage, 4 orderslive order books−$101.67
Fee Aster bp × 2 orders−$8.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$200.59
Costs to cover1.167%Break-evennever at this rate
Slippage: Aster: live order book, 36 min ago; Phoenix: live order book, 36 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAster3.7153.7 bp−$54298.6 bp−$2,986doesn’t fitdoesn’t fit
SELL · SHORTPhoenix5.7023.1 bp−$2361.7 bp−$617doesn’t fitdoesn’t fit
Closing costs about the same again.
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