Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 334.18 | +0.0168 | pay 0.0021% / 1h | 43m 21s | $2K | $112K | 20x | Long Phoenix | |
| SHORT | 334.44 | −0.0050 | pay 0.0050% / 8h | 6h 43m | $958K | $7.0M | — | Short BingX |
Price gap+0.078%
Funding gap−0.0218% /8h
The gap pays +$6 on $10k if it goes back to its 7d average, but funding costs $7 a day and eats that in about 22 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$37−0.0218% /8h now · paid −0.365% over the last 7D
Price+$6spread +0.078% now, avg +0.018% → +0.060% if it goes back
Costs−$270.269% 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+0.078%
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
1 ok · 4 to watch- Watch: Large against open interest8.3 / 5.2 bp$10k is over 10% of Phoenix’s open interest.
- Note: Margin at max leverage$500 + —Phoenix 20x, BingX —. 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: −$6.53Long Phoenix: 24 payments, −$5.03; short BingX: 3 payments, −$1.50.
- OK: Entry gap works for you+0.078% vs +0.018%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long 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: 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−0.0174%/8h × 21 periods−$36.52
Price spread+0.078% → +0.018% (7d avg)+$5.97
Slippage, 4 orderslive order books−$9.88
Fee Phoenix bp × 2 orders−$7.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$57.43
Costs to cover0.269%Break-evennever at this rate
Slippage: Phoenix: live order book, 24 min ago; BingX: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.698.3 bp−$817.3 bp−$173doesn’t fitdoesn’t fit
SELL · SHORTBingX0.155.2 bp−$55.7 bp−$5712.4 bp−$1,23842.8 bp−$21.4K
Closing costs about the same again.
| 09-30 21:07 | Kalshi | Other | JUST IN: DoorDash launches SI agent for ordering food inside Apple's Messages app, per Bloomberg @Kalshi on X ↗ |
| 09-30 18:40 | Hotstuff | Listing | AAPL-PERP no longer reported ($AAPL) seen by our collector |
| 09-29 03:35 | HTX | Other | 10 trades. 3 tickers to watch👀 $USOIL → Hormuz reopening rejected $XOM → One of energy’s rare gainers $AAPL → Outperformed the broader index What's your next trade? Trade TradFi 24/7 on @HTXFutures. @HTX_Global on X ↗ |
| 09-28 13:30 | Vest Markets | Other | $NVDA is up around 2% at the open, with a record $150B increase to its share repurchase authorization. The remaining amount authorized totals $235B, with the program running through fiscal 2028 and the increase topping Apple's $110B approval in 2024. Trade $NVDA volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗ |
| 09-28 03:35 | HTX | Other | 10 Trades. 3 to Watch 👀 $BTC → 7 straight days of ETF inflows $ZEC → Open interest remains elevated $AAPL → Trade consensus + Apple Duo released Which one are you watching? Trade the action 24/7 on @HTXFutures @HTX_Global on X ↗ |
| 09-27 06:20 | Kalshi | Other | JUST IN: US Jury says Apple owes $5.7 billion for using patented tech in iPhones and Apple Watches' vibration @Kalshi on X ↗ |


Kalshi
HTX