Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 286.74 | +0.0223 | pay 0.0028% / 1h | 12m 22s | $15K | $368K | 10x | Long Phoenix | |
| SHORT | 287.01 | −0.0050 | pay 0.0050% / 8h | 7h 12m | $975K | $2.0M | — | Short BingX |
Price gap+0.094%77s
Funding gap−0.0273% /8h
The gap pays +$6 on $10k if it goes back to its 7d average, but funding costs $8 a day and eats that in about 16 hours.
The two prices were read 77 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$48−0.0273% /8h now · paid −0.479% over the last 7D
Price—spread +0.094%77s now · prices read too far apart to compare
Costs−$460.458% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Entry / ExitPhoenix: thin, under $1M open interest · BingX: thin, under $1M open interest
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+0.094%
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
/8hARM on 26 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size15.5 / 7.1 bpAt $10k entering Phoenix costs 15.5 bp, fee and slippage, 2.2× BingX’s.
- Note: Margin at max leverage$1,000 + —Phoenix 10x, 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: −$8.18Long Phoenix: 24 payments, −$6.68; short BingX: 3 payments, −$1.50.
- Watch: Prices read 77 s apart+0.094% vs +0.039%Part of this gap may be the market moving.
- Watch: Long leg is thinner$15K vs $975K 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−0.0228%/8h × 21 periods−$47.95
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$28.78
Fee Phoenix bp × 2 orders−$7.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$93.73
price spread not counted: prices read too far apartCosts to cover0.458%Break-evennever at this rate
Slippage: Phoenix: live order book, 22 min ago; BingX: live order book, 19 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix4.8915.5 bp−$1632.6 bp−$326doesn’t fitdoesn’t fit
SELL · SHORTBingX0.177.1 bp−$713.4 bp−$13443.2 bp−$4,321203.2 bp−$101.6K
Closing costs about the same again.
| 09-21 15:00 | Vest Markets | Other | On the session, $AMD crossed a $1 trillion market capitalization for the first time, up close to 10% at a 52-week high. The move extends a rebound in AI chip names, with reports pointing to roughly 10% price increases across its GPUs and CPUs starting in the fourth quarter. $INTC is up around 12% and $ARM around 14%, with Korea's KOSPI reclaiming 7,000 on record semiconductor exports. @VestExchange on X ↗ |
| 09-19 22:38 | BingX | Other | AI demand puts $ARM in the spotlight 📈 Shares jumped 8.57% as $2B+ in AGI CPU demand and a Meta partnership boosted confidence. Get the full story behind the rally 👇 @BingXOfficial on X ↗ |
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