Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 346.61 | +0.0008 | pay 0.0001% / 1h | 33m 49s | $116K | $4K | — | Long AZverse | |
| SHORT | 346.76 | −0.0046 | pay 0.0006% / 1h | 33m 49s | $89K | $5K | 20x | Short Phoenix |
Price gap+0.043%60s
Funding gap−0.0054% /8h
The gap pays +$4 on $10k if it goes back to zero (no 7-day history yet), but funding costs $2 a day and eats that in about 2.7 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding—−0.0054% /8h now · no funding history yet
Price—spread +0.043%60s now · prices read too far apart to compare
Costsno datano order book for AZverse and Phoenix
Result, before costs—no pointsneeds funding history
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+0.043%
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
/8hAAPL on 40 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for AZverse and Phoenix: its slippage is not counted.
- Note: Margin at max leverage— + $500AZverse —, Phoenix 20x. 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: −$1.62Long AZverse: 24 payments, −$0.24; short Phoenix: 24 payments, −$1.38.
- Watch: Prices read 60 s apart+0.043% vs —Part of this gap may be the market moving.
- Watch: Short leg is thinner$89K vs $116K 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 legAZverse No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earnedno history yet: current rate−$11.37
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for AZverse and Phoenix—
Fee AZverse bp × 2 orders−$12.00
Fee Phoenix bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$30.37
price spread not counted: prices read too far apartCosts to cover0.190%Break-evennever at this rate
Slippage: AZverse: no order-book sample; Phoenix: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTPhoenix—————
Closing costs about the same again.
AZverse and Phoenix: no data.
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