Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.5190 | −0.0148 | get 0.0074% / 4h | 3h 52m | $30K | $320K | 10x | Long Orderly | |
| SHORT | 1.5246 | −0.0053 | pay 0.0007% / 1h | 52m 50s | $137K | $148K | 5x | Short Phoenix |
Price gap+0.369%
Funding gap+0.0095% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.221% above its 7d average: +$22 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$9+0.0095% /8h now · paid +0.086% over the last 7D
Price+$22spread +0.369% now, avg +0.148% → +0.221% if it goes back
Costsno datano order book for Orderly
Result, before costs+$31+0.31%no pointscosts unknown: no order book for Orderly · 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+0.369%
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 Orderly: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $2,000Orderly 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: +$2.86Long Orderly: 6 payments, +$4.43; short Phoenix: 24 payments, −$1.58.
- OK: Entry gap works for you+0.369% vs +0.148%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$30K vs $137K OIOrderly sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legOrderly No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0041%/8h × 21 periods+$8.57
Price spread+0.369% → +0.148% (7d avg)+$22.07
Slippage, 4 ordersno data for Orderly—
Fee Orderly bp × 2 orders−$6.00
Fee Phoenix bp × 2 orders−$7.00
Net, fees only · 7 days · $10k+$17.64
Costs to cover0.130%Break-evenfrom the start
Slippage: Orderly: no order-book sample; Phoenix: live order book, 37 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOrderly—————
SELL · SHORTPhoenix3.2220.8 bp−$2159.2 bp−$592doesn’t fitdoesn’t fit
Closing costs about the same again.
Orderly: no data.
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