Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,896.3 | +0.0494 | pay 0.0494% / 8h | 5h 46m | $934K | $4.3M | — | Long BingX | |
| SHORT | 1,942.1 | +0.0371 | get 0.0046% / 1h | 46m 51s | $1.1M | $44K | 6x | Short Phoenix |
Price gap+2.418%47s
Funding gap−0.0123% /8h
The gap pays +$52 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 14 days. At the last 7 days' pace that is about 35 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$10−0.0123% /8h now · paid −0.105% over the last 7D
Price—spread +2.418%47s now · prices read too far apart to compare
Costs−$1031.032% 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+2.418%
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
/8hANTHROPIC on 26 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size9.4 / 43.9 bpAt $10k entering Phoenix costs 43.9 bp, fee and slippage, 4.7× BingX’s.
- Note: Margin at max leverage— + $1,667BingX —, Phoenix 6x. 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: −$3.70Long BingX: 3 payments, −$14.82; short Phoenix: 24 payments, +$11.12.
- Watch: Prices read 47 s apart+2.418% vs +1.898%Part of this gap may be the market moving.
- Watch: Long leg is thinner$934K vs $1.1M OIBingX 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−0.0050%/8h × 21 periods−$10.49
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$86.19
Fee BingX bp × 2 orders−$10.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$113.68
price spread not counted: prices read too far apartCosts to cover1.032%Break-evennever at this rate
Slippage: BingX: live order book, 12 min ago; Phoenix: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX1.139.4 bp−$916.7 bp−$167141.5 bp−$14.1Kdoesn’t fit
SELL · SHORTPhoenix3.0943.9 bp−$44279.2 bp−$2,792doesn’t fitdoesn’t fit
Closing costs about the same again.
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