Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.6826 | +0.0100 | pay 0.0050% / 4h | 2h 51m | $6.6M | $10.6M | 20x | Long OKX | |
| SHORT | 1.6844 | −0.0472 | pay 0.0059% / 1h | 51m 25s | $201K | $38K | 5x | Short Phoenix |
Price gap+0.107%
Funding gap−0.0572% /8h
The gap pays +$8 on $10k if it goes back to its 7d average, but funding costs $17 a day and eats that in about 11 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$69−0.0572% /8h now · paid −0.693% over the last 7D
Price+$8spread +0.107% now, avg +0.026% → +0.081% if it goes back
Costs−$740.739% of $10k · taker + slippage, in and out
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+0.107%
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
1 ok · 4 to watch- Watch: Thin at this size20.9 / 20.3 bpAt $10k entering OKX costs 20.9 bp, fee and slippage, 1.0× Phoenix’s.
- Note: Margin at max leverage$500 + $2,000OKX 20x, 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: −$17.17Long OKX: 6 payments, −$3.00; short Phoenix: 24 payments, −$14.17.
- OK: Entry gap works for you+0.107% vs +0.026%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$201K vs $6.6M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCOKX Yes · Phoenix NoAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0330%/8h × 21 periods−$69.29
Price spread+0.107% → +0.026% (7d avg)+$8.11
Slippage, 4 orderslive order books−$56.94
Fee OKX bp × 2 orders−$10.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$135.12
Costs to cover0.739%Break-evennever at this rate
Slippage: OKX: live order book, 1 min ago; Phoenix: live order book, 60 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX0.3020.9 bp−$21doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPhoenix2.9520.3 bp−$2059.0 bp−$590doesn’t fitdoesn’t fit
Closing costs about the same again.
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