Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.4613 | −0.0053 | get 0.0007% / 1h | 58m 36s | $124K | $148K | 5x | Long Phoenix | |
| SHORT | 1.4833 | −0.0165 | pay 0.0083% / 4h | 2h 58m | $35K | $382K | 10x | Short Orderly |
Price gap+1.506%61s
Funding gap−0.0113% /8h
The gap pays +$166 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 49 days. At the last 7 days' pace that is about 5 months.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$9−0.0113% /8h now · paid −0.086% over the last 7D
Price—spread +1.506%61s now · prices read too far apart to compare
Costsno datano order book for Orderly
Result, before costs—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+1.506%
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 · 3 to watch- Note: Order book unknown—No order-book sample for Orderly: its slippage is not counted.
- Note: Margin at max leverage$2,000 + $1,000Phoenix 5x, Orderly 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: −$3.38Long Phoenix: 24 payments, +$1.58; short Orderly: 6 payments, −$4.95.
- Watch: Prices read 61 s apart+1.506% vs −0.152%Part of this gap may be the market moving.
- Watch: Short leg is thinner$35K vs $124K OIOrderly 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 · Orderly NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0041%/8h × 21 periods−$8.57
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Orderly—
Fee Phoenix bp × 2 orders−$7.00
Fee Orderly bp × 2 orders−$6.00
Net, fees only · 7 days · $10k−$21.57
price spread not counted: prices read too far apartCosts to cover0.130%Break-evennever at this rate
Slippage: Phoenix: live order book, 26 min ago; Orderly: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix6.9425.1 bp−$2572.4 bp−$724doesn’t fitdoesn’t fit
SELL · SHORTOrderly—————
Closing costs about the same again.
Orderly: no data.
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