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 | 54m 08s | $200K | $38K | 5x | Long Phoenix | |
| SHORT | 1.6829 | L +0.0167S −0.0170 | get 0.0021% / 1h | 54m 08s | $9K | $68K | 50x | Short GMX5% off |
Price gap+0.021%61s
Funding gap+0.0597% /8h
Both sides work: funding pays +$18 a day on $10k, and the gap is 0.021% above zero (no 7-day history yet): +$2 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$109+0.0597% /8h now · paid +1.088% over the last 7D
Price—spread +0.021%61s now · prices read too far apart to compare
Costsno datano order book for GMX
Result, before costs—no pointsneeds both prices read together
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.021%
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 GMX: its slippage is not counted.
- Note: Margin at max leverage$2,000 + $200Phoenix 5x, GMX 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$17.90Long Phoenix: 24 payments, +$12.79; short GMX: 24 payments, +$5.11.
- Watch: Prices read 61 s apart+0.021% vs —Part of this gap may be the market moving.
- Watch: Short leg is thinner$9K vs $200K OIGMX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legPhoenix No · GMX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0518%/8h × 21 periods+$108.84
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for GMX—
Fee Phoenix bp × 2 orders−$7.00
Fee GMX bp × 2 orders−$12.00
Net, fees only · 7 days · $10k+$89.84
price spread not counted: prices read too far apartCosts to cover0.190%Break-even1.2 days
Slippage: Phoenix: live order book, 52 min ago; GMX: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix5.9323.3 bp−$23doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTGMX—————
Closing costs about the same again.
GMX: no data.
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