Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3,990.9 | +0.0088 | pay 0.0011% / 1h | 24m 32s | $2.0M | $36K | 25x | Long Phoenix | |
| SHORT | 3,998.7 | +0.0032 | get 0.0004% / 1h | 24m 32s | $1.5M | $142K | — | Short AZverse |
Price gap+0.196%60s
Funding gap−0.0056% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.029% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0056% /8h now · paid −0.004% over the last 16 hours (all we have)
Price—spread +0.196%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+0.196%
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$400 + —Phoenix 25x, 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: −$1.68Long Phoenix: 24 payments, −$2.65; short AZverse: 24 payments, +$0.96.
- Watch: Prices read 60 s apart+0.196% vs +0.225%Part of this gap may be the market moving.
- Note: Short 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 legPhoenix No · AZverse NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0022%/8h × 21 periods−$4.56
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−$23.56
price spread not counted: prices read too far apartCosts to cover0.190%Break-evennever at this rate
Slippage: Phoenix: live order book, 5 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.5112.0 bp−$1220.1 bp−$201114.0 bp−$11.4Kdoesn’t fit
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
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