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 | 53m 55s | $200K | $38K | 5x | Long Phoenix | |
| SHORT | 1.6831 | +0.0100 | get 0.0050% / 4h | 1h 53m | $6.7M | $10.9M | 20x | Short OKX |
Price gap+0.030%102s
Funding gap+0.0526% /8h
Both sides work: funding pays +$16 a day on $10k, and the gap is 0.054% above its 7d average: +$5 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$69+0.0526% /8h now · paid +0.695% over the last 7D
Price—spread +0.030%102s now · prices read too far apart to compare
Costs−$830.829% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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+0.030%
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
0 ok · 5 to watch- Watch: Thin at this size23.3 / 16.6 bpAt $10k entering Phoenix costs 23.3 bp, fee and slippage, 1.4× OKX’s.
- Note: Margin at max leverage$2,000 + $500Phoenix 5x, OKX 20x. 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 OKX: 6 payments, +$3.00.
- Watch: Prices read 102 s apart+0.030% vs −0.025%Part of this gap may be the market moving.
- Watch: Long leg is thinner$200K vs $6.7M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix No · OKX YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0331%/8h × 21 periods+$69.49
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$65.93
Fee Phoenix bp × 2 orders−$7.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$13.44
price spread not counted: prices read too far apartCosts to cover0.829%Break-even8.4 days
Slippage: Phoenix: live order book, 52 min ago; OKX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix5.9323.3 bp−$23doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX1.4916.6 bp−$1794.4 bp−$944doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 10-15 07:23 | RISEx | Listing | new market ZRO/USDC ($ZRO) seen by our collector |


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