Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 334.11 | −0.0050 | get 0.0050% / 8h | 7h 21m | $958K | $7.0M | — | Long BingX | |
| SHORT | 333.86 | +0.0167 | get 0.0021% / 1h | 21m 18s | $2K | $112K | 20x | Short Phoenix |
Price gap−0.075%
Funding gap+0.0217% /8h
Funding pays +$7 a day on $10k, but the gap is 0.058% under its 7d average: −$6 if it goes back, about 21 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$37+0.0217% /8h now · paid +0.366% over the last 7D
Price−$6spread −0.075% now, avg −0.017% → −0.058% if it goes back
Costs−$270.271% 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−0.075%
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
/8hAAPL on 34 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Large against open interest5.4 / 8.3 bp$10k is over 10% of Phoenix’s open interest.
- Note: Margin at max leverage— + $500BingX —, Phoenix 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$6.52Long BingX: 3 payments, +$1.50; short Phoenix: 24 payments, +$5.02.
- Watch: Gap narrower than usual−0.075% vs −0.017%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$2K vs $958K 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+0.0174%/8h × 21 periods+$36.58
Price spread−0.075% → −0.017% (7d avg)−$5.75
Slippage, 4 orderslive order books−$10.09
Fee BingX bp × 2 orders−$10.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k+$3.74
Costs to cover0.271%Break-even6.3 days
Slippage: BingX: live order book, 3 min ago; Phoenix: live order book, 51 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.155.4 bp−$56.1 bp−$6114.6 bp−$1,45833.7 bp−$16.9K
SELL · SHORTPhoenix2.698.3 bp−$817.3 bp−$173doesn’t fitdoesn’t fit
Closing costs about the same again.
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