Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.6805 | L +0.0145S −0.0135 | pay 0.0018% / 1h | 51m 26s | $9K | $68K | 50x | Long GMX5% off | |
| SHORT | 1.6844 | −0.0472 | pay 0.0059% / 1h | 51m 26s | $201K | $38K | 5x | Short Phoenix |
Price gap+0.231%
Funding gap−0.0617% /8h
The gap pays +$23 on $10k if it goes back to zero (no 7-day history yet), but funding costs $19 a day and eats that in about 30 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$124−0.0617% /8h now · paid −1.242% over the last 7D
Price—spread +0.231% now · no price history on both exchanges yet
Costsno datano order book for GMX
Result, before costs—no pointsneeds both price histories
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.231%
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 · 1 to watch- Note: Order book unknown—No order-book sample for GMX: its slippage is not counted.
- Note: Margin at max leverage$200 + $2,000GMX 50x, 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: −$18.51Long GMX: 24 payments, −$4.34; short Phoenix: 24 payments, −$14.17.
- Note: No 7-day spread history+0.231%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$9K vs $201K OIGMX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legGMX No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0591%/8h × 21 periods−$124.19
Price spread+0.231% → 0+$23.11
Slippage, 4 ordersno data for GMX—
Fee GMX bp × 2 orders−$12.00
Fee Phoenix bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$120.07
Costs to cover0.190%Break-evenfrom the start
Slippage: GMX: no order-book sample; Phoenix: live order book, 60 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGMX—————
SELL · SHORTPhoenix2.9520.3 bp−$2059.0 bp−$590doesn’t fitdoesn’t fit
Closing costs about the same again.
GMX: no data.
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