Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 253.88 | +0.0189 | pay 0.0024% / 1h | 39m 31s | $59K | $119K | 20x | Long Phoenix | |
| SHORT | 254.05 | +0.0030 | get 0.0004% / 1h | 39m 31s | $116K | $7K | — | Short AZverse |
Price gap+0.067%
Funding gap−0.0159% /8h
Funding costs $5 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$13−0.0159% /8h now · paid −0.126% over the last 4 days (all we have)
Price$0spread +0.067% now, avg +0.062% → +0.005% if it goes back
Costsno datano order book for AZverse
Result, before costs−$12−0.12%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+0.067%
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 · 1 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage$500 + —Phoenix 20x, AZverse —. 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: −$4.77Long Phoenix: 24 payments, −$5.67; short AZverse: 24 payments, +$0.90.
- Note: Gap at its usual level+0.067% vs +0.062%The price leg adds little either way.
- Watch: Long leg is thinner$59K 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 legPhoenix No · AZverse 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−$25.14
Price spread+0.067% → +0.062% (7d avg)+$0.45
Slippage, 4 ordersno data for AZverse—
Fee Phoenix bp × 2 orders−$7.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$43.69
Costs to cover0.190%Break-evennever at this rate
Slippage: Phoenix: live order book, 57 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.768.5 bp−$817.6 bp−$176doesn’t fitdoesn’t fit
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
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