Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.8510 | −0.0054 | get 0.0007% / 1h | 23m 24s | $4K | $233K | 10x | Long Phoenix | |
| SHORT | 8.8470 | +0.0100 | get 0.0100% / 8h | 6h 23m | — | $43.7M | 200x | Short BingX |
Price gap−0.045%
Funding gap+0.0154% /8h
Funding trade: +$5 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+$58+0.0154% /8h now · paid +0.583% over the last 7D
Price$0spread −0.045% now, avg −0.050% → +0.005% if it goes back
Costs−$380.377% of $10k · taker + slippage, in and out
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
BingX price against Phoenixnow
RANGE STATS · 7D
Now−0.045%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hUNI on 41 exchanges
lowest funding firstBefore you open
0 ok · 3 to watch- Watch: Large against open interest12.7 / 6.7 bp$10k is over 10% of Phoenix’s open interest.
- Note: Margin at max leverage$1,000 + $50Phoenix 10x, BingX 200x. 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: +$4.63Long Phoenix: 24 payments, +$1.63; short BingX: 3 payments, +$3.00.
- Note: Gap at its usual level−0.045% vs −0.050%The price leg adds little either way.
- Note: Open interest unknown$4K vs — OIBingX reports no open interest, so the legs cannot be compared.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix No · BingX YesAdvanced 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 outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0278%/8h × 21 periods+$58.29
Price spread−0.045% → −0.050% (7d avg)+$0.46
Slippage, 4 orderslive order books−$20.71
Fee Phoenix bp × 2 orders−$7.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$21.03
Costs to cover0.377%Break-even4.5 days
Slippage: Phoenix: live order book, 13 min ago; BingX: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix1.0112.7 bp−$1353.0 bp−$530doesn’t fitdoesn’t fit
SELL · SHORTBingX0.566.7 bp−$78.1 bp−$8113.2 bp−$1,32022.6 bp−$11.3K
Closing costs about the same again.
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