Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.6826 | −0.0426 | get 0.0053% / 1h | 55m 17s | $200K | $38K | 5x | Long Phoenix | |
| SHORT | 1.6837 | +0.0100 | get 0.0050% / 4h | 1h 55m | $27.7M | $16.6M | 50x | Short Bybit |
Price gap+0.065%
Funding gap+0.0526% /8h
Both sides work: funding pays +$16 a day on $10k, and the gap is 0.113% above its 7d average: +$11 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$71+0.0526% /8h now · paid +0.710% over the last 7D
Price+$11spread +0.065% now, avg −0.047% → +0.113% if it goes back
Costs−$750.751% 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+0.065%
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 size23.3 / 15.2 bpAt $10k entering Phoenix costs 23.3 bp, fee and slippage, 1.5× Bybit’s.
- Note: Margin at max leverage$2,000 + $200Phoenix 5x, Bybit 50x. 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: +$15.79Long Phoenix: 24 payments, +$12.79; short Bybit: 6 payments, +$3.00.
- OK: Entry gap works for you+0.065% vs −0.047%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$200K vs $27.7M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix No · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0338%/8h × 21 periods+$71.01
Price spread+0.065% → −0.047% (7d avg)+$11.27
Slippage, 4 orderslive order books−$57.11
Fee Phoenix bp × 2 orders−$7.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k+$7.17
Costs to cover0.751%Break-even6.3 days
Slippage: Phoenix: live order book, 51 min ago; Bybit: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix5.9323.3 bp−$23doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit0.3015.2 bp−$1531.8 bp−$318doesn’t fitdoesn’t fit
Closing costs about the same again.
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