Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.7114 | −0.0188 | get 0.0024% / 1h | 3m 22s | $200K | $20K | 5x | Long Phoenix | |
| SHORT | 1.7090 | +0.0002 | get 0.0001% / 4h | 1h 03m | $35.1M | $25.2M | 75x | Short Binance |
Price gap−0.138%
Funding gap+0.0190% /8h
Funding pays +$6 a day on $10k, but the gap is 0.088% under its 7d average: −$9 if it goes back, about 37 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$79+0.0190% /8h now · paid +0.790% over the last 7D
Price−$9spread −0.138% now, avg −0.051% → −0.088% if it goes back
Costs−$620.617% 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−0.138%
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 size20.6 / 10.3 bpAt $10k entering Phoenix costs 20.6 bp, fee and slippage, 2.0× Binance’s.
- Note: Margin at max leverage$2,000 + $133Phoenix 5x, Binance 75x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$5.71Long Phoenix: 24 payments, +$5.65; short Binance: 6 payments, +$0.06.
- Watch: Gap narrower than usual−0.138% vs −0.051%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$200K vs $35.1M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix No · Binance YesVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0376%/8h × 21 periods+$78.99
Price spread−0.138% → −0.051% (7d avg)−$8.76
Slippage, 4 orderslive order books−$44.72
Fee Phoenix bp × 2 orders−$7.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k+$8.51
Costs to cover0.617%Break-even6.2 days
Slippage: Phoenix: live order book, 19 min ago; Binance: live order book, 15 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.9220.6 bp−$21doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBinance0.2910.3 bp−$1026.3 bp−$263134.9 bp−$13.5Kdoesn’t fit
Closing costs about the same again.
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