Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 254.27 | +0.0039 | pay 0.0005% / 1h | 35m 25s | $116K | $7K | — | Long AZverse | |
| SHORT | 253.94 | +0.0220 | get 0.0028% / 1h | 35m 25s | $66K | $121K | 20x | Short Phoenix |
Price gap−0.130%
Funding gap+0.0181% /8h
Funding pays +$5 a day on $10k, but the gap is 0.067% under its 7d average: −$7 if it goes back, about 30 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$13+0.0181% /8h now · paid +0.129% over the last 4 days (all we have)
Price−$7spread −0.130% now, avg −0.063% → −0.067% if it goes back
Costsno datano order book for AZverse
Result, before costs+$6+0.06%no pointscosts unknown: no order book for AZverse · What the last 7D really paid, hour by hour → backtest
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−0.130%
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
/8hAMZN on 38 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for AZverse: 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: +$5.44Long AZverse: 24 payments, −$1.17; short Phoenix: 24 payments, +$6.61.
- Watch: Gap narrower than usual−0.130% vs −0.063%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$66K 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 earned+0.0120%/8h × 21 periods+$25.30
Price spread−0.130% → −0.063% (7d avg)−$6.70
Slippage, 4 ordersno data for AZverse—
Fee AZverse bp × 2 orders−$12.00
Fee Phoenix bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$0.39
Costs to cover0.190%Break-even7.1 days
Slippage: AZverse: no order-book sample; Phoenix: live order book, 56 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTPhoenix2.768.5 bp−$817.6 bp−$176doesn’t fitdoesn’t fit
Closing costs about the same again.
AZverse: no data.
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