Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.6905 | +0.0087 | pay 0.0044% / 4h | 3h 57m | $823 | $205K | 10x | Long edgeX | |
| SHORT | 1.6955 | −0.0428 | pay 0.0054% / 1h | 57m 51s | $202K | $35K | 5x | Short Phoenix |
Price gap+0.298%
Funding gap−0.0515% /8h
The gap pays +$12 on $10k if it goes back to its 7d average, but funding costs $15 a day and eats that in about 19 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$71−0.0515% /8h now · paid −0.706% over the last 7D
Price+$12spread +0.298% now, avg +0.177% → +0.121% if it goes back
Costs−$2692.694% of $10k · taker + slippage, in and out
Result−$328−3.28%+ Points / potential airdropedgeX: 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+0.298%
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
3 ok · 3 to watch- Watch: Thin at this size132.2 / 20.4 bpAt $10k entering edgeX costs 132.2 bp, fee and slippage, 6.5× Phoenix’s.
- Note: Margin at max leverage$1,000 + $2,000edgeX 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: −$15.46Long edgeX: 6 payments, −$2.62; short Phoenix: 24 payments, −$12.84.
- OK: Entry gap works for you+0.298% vs +0.177%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$823 vs $202K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legedgeX No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0336%/8h × 21 periods−$70.62
Price spread+0.298% → +0.177% (7d avg)+$12.13
Slippage, 4 orderslive order books−$253.43
Fee edgeX bp × 2 orders−$9.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$327.93
Costs to cover2.694%Break-evennever at this rate
Slippage: edgeX: live order book, 58 min ago; Phoenix: live order book, 58 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX2.38132.2 bp−$132doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPhoenix2.9720.4 bp−$2059.0 bp−$590doesn’t fitdoesn’t fit
Closing costs about the same again.
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