Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.7150 | −0.0093 | get 0.0012% / 1h | 41m 56s | $200K | $23K | 5x | Long Phoenix | |
| SHORT | 1.7175 | +0.0100 | get 0.0050% / 4h | 1h 41m | $13.8M | $17.0M | — | Short BingX |
Price gap+0.146%107s
Funding gap+0.0193% /8h
Both sides work: funding pays +$6 a day on $10k, and the gap is 0.186% above its 7d average: +$19 more if it goes back.
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—spread +0.146%107s now · prices read too far apart to compare
Costs−$530.529% of $10k · taker + slippage, in and out
Result—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+0.146%
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 size20.5 / 6.2 bpAt $10k entering Phoenix costs 20.5 bp, fee and slippage, 3.3× BingX’s.
- Note: Margin at max leverage$2,000 + —Phoenix 5x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$5.79Long Phoenix: 24 payments, +$2.79; short BingX: 6 payments, +$3.00.
- Watch: Prices read 107 s apart+0.146% vs −0.040%Part of this gap may be the market moving.
- Watch: Long leg is thinner$200K vs $13.8M OIPhoenix sets your exit cost. Check its book before closing.
- 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+0.0430%/8h × 21 periods+$90.26
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$35.92
Fee Phoenix bp × 2 orders−$7.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$37.34
price spread not counted: prices read too far apartCosts to cover0.529%Break-even4.1 days
Slippage: Phoenix: live order book, 65 min ago; BingX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.8920.5 bp−$20doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX0.296.2 bp−$69.5 bp−$9521.8 bp−$2,18454.1 bp−$27.1K
Closing costs about the same again.
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