Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.7370 | +0.0093 | pay 0.0012% / 1h | 42m 21s | $203K | $22K | 5x | Long Phoenix | |
| SHORT | 1.7345 | +0.0104 | get 0.0013% / 1h | 42m 21s | $236K | $321K | 5x | Short RISExInvite |
Price gap−0.144%59s
Funding gap+0.0011% /8h
Funding pays $0 a day on $10k, but the gap is 0.080% under its 7d average: −$8 if it goes back, about 23 days of funding. At the last 7 days' pace that is about 12 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$111+0.0011% /8h now · paid +1.106% over the last 7D
Price—spread −0.144%59s now · prices read too far apart to compare
Costs−$510.506% 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−0.144%
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 30 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size20.5 / 4.8 bpAt $10k entering Phoenix costs 20.5 bp, fee and slippage, 4.3× RISEx’s.
- Note: Margin at max leverage$2,000 + $2,000Phoenix 5x, RISEx 5x. 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: +$0.34Long Phoenix: 24 payments, −$2.78; short RISEx: 24 payments, +$3.12.
- Watch: Prices read 59 s apart−0.144% vs −0.063%Part of this gap may be the market moving.
- Watch: Long leg is thinner$203K vs $236K OIPhoenix 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 · RISEx NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0527%/8h × 21 periods+$110.57
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$37.55
Fee Phoenix bp × 2 orders−$7.00
Fee RISEx bp × 2 orders−$6.00
Net · 7 days · $10k+$60.02
price spread not counted: prices read too far apartCosts to cover0.506%Break-even3.2 days
Slippage: Phoenix: live order book, 15 min ago; RISEx: live order book, 16 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.9020.5 bp−$20doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTRISEx1.774.8 bp−$513.5 bp−$135doesn’t fitdoesn’t fit
Closing costs about the same again.
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