Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG8.8370+0.0100pay 0.0100% / 8h5h 37m—$6.5M—Long BingX
SHORT8.8308−0.0072pay 0.0009% / 1h37m 39s$5K$224K10xShort Phoenix
Price gap−0.070%109s
Funding gap−0.0172% /8h

Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 0.122% under its 7d average. Swap the legs.

The two prices were read 109 s apart: part of this gap may be the market moving.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$60−0.0172% /8h now · paid −0.600% over the last 7D
Price—spread −0.070%109s now · prices read too far apart to compare
Costs−$450.450% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Phoenix price against BingXnow
RANGE STATS · 7D
Now−0.070%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

UNI on 41 exchanges

lowest funding first

Before you open

0 ok · 4 to watch
  • Watch: Large against open interest11.0 / 12.7 bp
    $10k is over 10% of Phoenix’s open interest.
  • Note: Margin at max leverage— + $1,000
    BingX —, Phoenix 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$5.17Long BingX: 3 payments, −$3.00; short Phoenix: 24 payments, −$2.17.
  • Watch: Prices read 109 s apart−0.070% vs +0.052%
    Part of this gap may be the market moving.
  • Note: Open interest unknown— vs $5K OI
    BingX reports no open interest, so the legs cannot be compared.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBingX Yes · Phoenix No
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0286%/8h × 21 periods−$59.96
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$28.03
Fee BingX bp × 2 orders−$10.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$104.99
price spread not counted: prices read too far apart
Costs to cover0.450%Break-evennever at this rate
Slippage: BingX: live order book, 10 min ago; Phoenix: live order book, 59 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBingX1.1311.0 bp−$1129.0 bp−$290165.8 bp−$16.6K957.7 bp−$478.9K
SELL · SHORTPhoenix1.0112.7 bp−$1344.9 bp−$449doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

UNI news

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