Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.6632 | +0.0038 | pay 0.0005% / 1h | 49m 42s | $160K | $163K | — | Long AZverse | |
| SHORT | 1.6603 | −0.0291 | pay 0.0036% / 1h | 49m 42s | $198K | $34K | 5x | Short Phoenix |
Price gap−0.174%
Funding gap−0.0330% /8h
Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.134% 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−$5−0.0330% /8h now · paid −0.049% over the last 10 hours (all we have)
Price−$13spread −0.174% now, avg −0.041% → −0.134% if it goes back
Costsno datano order book for AZverse
Result, before costs−$18−0.18%no pointscosts unknown: no order book for AZverse · What 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−0.174%
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 31 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage— + $2,000AZverse —, Phoenix 5x. 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: −$9.89Long AZverse: 24 payments, −$1.15; short Phoenix: 24 payments, −$8.74.
- Watch: Gap narrower than usual−0.174% vs −0.041%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$160K vs $198K OIAZverse sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legAZverse No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0387%/8h × 21 periods−$81.18
Price spread−0.174% → −0.041% (7d avg)−$13.37
Slippage, 4 ordersno data for AZverse—
Fee AZverse bp × 2 orders−$12.00
Fee Phoenix bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$113.54
Costs to cover0.190%Break-evennever at this rate
Slippage: AZverse: no order-book sample; Phoenix: live order book, 41 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTPhoenix3.0120.7 bp−$2159.4 bp−$594doesn’t fitdoesn’t fit
Closing costs about the same again.
AZverse: no data.
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