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
LONG8.8510−0.0054get 0.0007% / 1h23m 24s$4K$233K10xLong Phoenix
SHORT8.8470+0.0100get 0.0100% / 8h6h 23m—$43.7M200xShort 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 forecast
Funding+$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

/8h

UNI on 41 exchanges

lowest funding first

Before 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 + $50
    Phoenix 10x, BingX 200x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments 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 — OI
    BingX reports no open interest, so the legs cannot be compared.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCPhoenix No · BingX Yes
    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+0.0278%/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 ago

Cost to enter

taker + slippage from mid, one side
BUY · 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.

Alert

UNI news

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