Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,918.4 | 0 | 0.0000% / 1h | 51m 17s | $1.0M | $47K | 6x | Long Phoenix | |
| SHORT | 1,883.6 | +0.0050 | get 0.0050% / 8h | 4h 51m | $16.5M | $8.4M | 20x | Short Bitget |
Price gap−1.816%
Funding gap+0.0050% /8h
Funding pays +$2 a day on $10k, but the gap is 0.079% under its 7d average: −$8 if it goes back, about 5.3 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$8+0.0050% /8h now · paid +0.083% over the last 7D
Price−$8spread −1.816% now, avg −1.737% → −0.079% if it goes back
Costs−$1081.078% of $10k · taker + slippage, in and out
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−1.816%
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
/8hANTHROPIC on 26 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size43.7 / 8.4 bpAt $10k entering Phoenix costs 43.7 bp, fee and slippage, 5.2× Bitget’s.
- Note: Margin at max leverage$1,667 + $500Phoenix 6x, Bitget 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.50Long Phoenix: 24 payments, $0.00; short Bitget: 3 payments, +$1.50.
- Watch: Gap narrower than usual−1.816% vs −1.737%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$1.0M vs $16.5M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix No · Bitget YesKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0040%/8h × 21 periods+$8.35
Price spread−1.816% → −1.737% (7d avg)−$7.90
Slippage, 4 orderslive order books−$88.82
Fee Phoenix bp × 2 orders−$7.00
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$107.37
Costs to cover1.078%Break-even97.0 days
Slippage: Phoenix: live order book, 1 min ago; Bitget: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix3.1343.7 bp−$44252.8 bp−$2,528doesn’t fitdoesn’t fit
SELL · SHORTBitget2.238.4 bp−$813.2 bp−$132375.0 bp−$37.5Kdoesn’t fit
Closing costs about the same again.
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