Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 216.30 | +0.0111 | pay 0.0014% / 1h | 48m 29s | $68K | $125K | 20x | Long Phoenix | |
| SHORT | 216.51 | +0.0045 | get 0.0006% / 1h | 48m 29s | $657K | $585K | — | Short AZverse |
Price gap+0.097%60s
Funding gap−0.0066% /8h
The gap pays +$11 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 5.3 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$8−0.0066% /8h now · paid −0.079% over the last 2 days (all we have)
Price—spread +0.097%60s now · prices read too far apart to compare
Costsno datano order book for AZverse
Result, before costs—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+0.097%
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
/8hNVDA on 45 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$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: −$1.99Long Phoenix: 24 payments, −$3.33; short AZverse: 24 payments, +$1.34.
- Watch: Prices read 60 s apart+0.097% vs −0.009%Part of this gap may be the market moving.
- Watch: Long leg is thinner$68K vs $657K 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−0.0118%/8h × 21 periods−$24.80
Price spreadprices read too far apart to compare—
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−$43.80
price spread not counted: prices read too far apartCosts to cover0.190%Break-evennever at this rate
Slippage: Phoenix: live order book, 20 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix1.867.5 bp−$815.1 bp−$151doesn’t fitdoesn’t fit
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
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