Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3,999.7 | +0.0073 | pay 0.0009% / 1h | 38m 17s | $1.5M | $142K | — | Long AZverse | |
| SHORT | 3,991.6 | +0.0136 | get 0.0017% / 1h | 38m 17s | $2.0M | $36K | 25x | Short Phoenix |
Price gap−0.204%60s
Funding gap+0.0063% /8h
Funding trade: +$2 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0+0.0063% /8h now · paid +0.005% over the last 16 hours (all we have)
Price—spread −0.204%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−0.204%
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
/8hXAU on 43 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— + $400AZverse —, Phoenix 25x. 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: +$1.89Long AZverse: 24 payments, −$2.20; short Phoenix: 24 payments, +$4.09.
- Watch: Prices read 60 s apart−0.204% vs −0.223%Part of this gap may be the market moving.
- Note: Long leg is thinner$1.5M vs $2.0M OIBoth legs are deep; AZverse is the smaller one.
- 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+0.0023%/8h × 21 periods+$4.76
Price spreadprices read too far apart to compare—
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−$14.24
price spread not counted: prices read too far apartCosts to cover0.190%Break-even28.0 days
Slippage: AZverse: no order-book sample; Phoenix: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAZverse—————
SELL · SHORTPhoenix2.5112.0 bp−$1222.9 bp−$229doesn’t fitdoesn’t fit
Closing costs about the same again.
AZverse: no data.
| 10-25 00:51 | Phoenix | Other | crypto perps stock perps gold perps oil perps pre-IPO perps All on Solana. @PhoenixTrade on X ↗ |
| 10-24 13:02 | Bulk | Other | 3/ LEAGUE CASH Ranked Gold or higher??? You got paid! 12.5% of BULK's net revenue for the week has been distributed, pro-rata, to all Callenger League participants ranked Challenger down to Gold. The total awarded this week is $5147, this amount scales each week with exchange activity! @bulktrade on X ↗ |
| 10-24 09:20 | Bitget | Other | Gold breaks out. Forex swings. Oil spikes. Live market prices. Virtual funds. Put your strategy to the test with Bitget CFD Demo. 👇 @bitget on X ↗ |
| 10-23 15:59 | Kalshi | Other | JUST IN: Gold back below $4,000 @Kalshi on X ↗ |
| 10-23 12:59 | Avantis | Other | More unique assets 🤝 increased liquidity. This is why we're accommodating the largest commodities and FX trades onchain. 10-15M single clip trades on $XAU, $EURUSD, and more are happening daily. Trade the untradeable 😤 @verantaxyz on X ↗ |
| 10-23 12:00 | Bybit | Other | @Bybit_Learn Recap of market action yesterday (Thur, Oct 22): - Bitcoin -4%, biggest 1-day drop since June - S&P 500 -1.2%, biggest 1-day drop since July - Gold -2.8%, now set for biggest weekly drop since June ICYMI: @Bybit_Learn shared a warning since Tue, Oct 20: @Bybit_Official on X ↗ |

Bulk
Bitget
Kalshi
Avantis
Bybit