Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.7234 | +0.0100 | pay 0.0050% / 4h | 12m 48s | $3.9M | $2.0M | 75x | Long Bitget | |
| SHORT | 1.7258 | −0.0140 | pay 0.0018% / 1h | 12m 48s | $201K | $19K | 5x | Short Phoenix |
Price gap+0.139%52s
Funding gap−0.0240% /8h
The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $7 a day and eats that in about 22 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$87−0.0240% /8h now · paid −0.865% over the last 7D
Price—spread +0.139%52s now · prices read too far apart to compare
Costs−$720.716% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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+0.139%
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
0 ok · 5 to watch- Watch: Thin at this size16.3 / 20.6 bpAt $10k entering Phoenix costs 20.6 bp, fee and slippage, 1.3× Bitget’s.
- Note: Margin at max leverage$133 + $2,000Bitget 75x, 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: −$7.21Long Bitget: 6 payments, −$3.00; short Phoenix: 24 payments, −$4.21.
- Watch: Prices read 52 s apart+0.139% vs +0.074%Part of this gap may be the market moving.
- Watch: Short leg is thinner$201K vs $3.9M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBitget Yes · Phoenix NoKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0412%/8h × 21 periods−$86.52
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$52.57
Fee Bitget bp × 2 orders−$12.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$158.08
price spread not counted: prices read too far apartCosts to cover0.716%Break-evennever at this rate
Slippage: Bitget: live order book, 8 min ago; Phoenix: live order book, 8 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBitget1.4616.3 bp−$1629.6 bp−$296doesn’t fitdoesn’t fit
SELL · SHORTPhoenix2.9120.6 bp−$2158.9 bp−$589doesn’t fitdoesn’t fit
Closing costs about the same again.
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