Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.6844 | −0.0472 | get 0.0059% / 1h | 51m 27s | $201K | $38K | 5x | Long Phoenix | |
| SHORT | 1.6843 | +0.0085 | get 0.0043% / 4h | 2h 51m | $1K | $205K | 10x | Short edgeX |
Price gap−0.008%
Funding gap+0.0558% /8h
Both sides work: funding pays +$17 a day on $10k, and the gap is 0.170% above its 7d average: +$17 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$71+0.0558% /8h now · paid +0.709% over the last 7D
Price+$17spread −0.008% now, avg −0.178% → +0.170% if it goes back
Costs−$2372.371% of $10k · taker + slippage, in and out
Result−$149−1.49%+ Points / potential airdropedgeX: points · farm boardWhat 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−0.008%
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
3 ok · 3 to watch- Watch: Thin at this size20.3 / 92.8 bpAt $10k entering edgeX costs 92.8 bp, fee and slippage, 4.6× Phoenix’s.
- Note: Margin at max leverage$2,000 + $1,000Phoenix 5x, edgeX 10x. 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: +$16.73Long Phoenix: 24 payments, +$14.17; short edgeX: 6 payments, +$2.56.
- OK: Entry gap works for you−0.008% vs −0.178%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$1K vs $201K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legPhoenix No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0338%/8h × 21 periods+$70.93
Price spread−0.008% → −0.178% (7d avg)+$17.04
Slippage, 4 orderslive order books−$221.12
Fee Phoenix bp × 2 orders−$7.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$149.14
Costs to cover2.371%Break-even21.7 days
Slippage: Phoenix: live order book, 60 min ago; edgeX: live order book, 58 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.9520.3 bp−$20doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTedgeX2.0892.8 bp−$93doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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