Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.7096 | +0.0100 | pay 0.0050% / 4h | 57m 21s | $14.0M | $17.2M | — | Long BingX | |
| SHORT | 1.7094 | −0.0093 | pay 0.0012% / 1h | 57m 21s | $199K | $23K | 5x | Short Phoenix |
Price gap−0.012%
Funding gap−0.0193% /8h
Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.052% 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−$90−0.0193% /8h now · paid −0.903% over the last 7D
Price−$5spread −0.012% now, avg +0.040% → −0.052% if it goes back
Costs−$530.529% of $10k · taker + slippage, in and out
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−0.012%
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
/8hZRO on 30 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size5.4 / 20.6 bpAt $10k entering Phoenix costs 20.6 bp, fee and slippage, 3.8× BingX’s.
- Note: Margin at max leverage— + $2,000BingX —, Phoenix 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$5.79Long BingX: 6 payments, −$3.00; short Phoenix: 24 payments, −$2.79.
- Watch: Gap narrower than usual−0.012% vs +0.040%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$199K vs $14.0M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Phoenix NoAdvanced 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−0.0430%/8h × 21 periods−$90.26
Price spread−0.012% → +0.040% (7d avg)−$5.19
Slippage, 4 orderslive order books−$35.85
Fee BingX bp × 2 orders−$10.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$148.30
Costs to cover0.529%Break-evennever at this rate
Slippage: BingX: live order book, 7 min ago; Phoenix: live order book, 45 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.295.4 bp−$57.6 bp−$7615.9 bp−$1,58767.6 bp−$33.8K
SELL · SHORTPhoenix2.9120.6 bp−$2159.1 bp−$591doesn’t fitdoesn’t fit
Closing costs about the same again.
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