Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 186.57 | +0.0142 | pay 0.0142% / 8h | 34m 08s | $944K | $7.4M | — | Long BingX | |
| SHORT | 186.48 | +0.0172 | get 0.0021% / 1h | 34m 08s | $6K | $398K | 10x | Short Phoenix |
Price gap−0.048%64s
Funding gap+0.0030% /8h
Funding pays +$1 a day on $10k, but the gap is 0.035% under its 7d average: −$4 if it goes back, about 4.0 days of funding. At the last 7 days' pace that is about 14 hours.
The two prices were read 64 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+$41+0.0030% /8h now · paid +0.412% over the last 7D
Price—spread −0.048%64s now · prices read too far apart to compare
Costs−$360.364% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.048%
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
/8hCOIN on 29 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Large against open interest7.5 / 10.7 bp$10k is over 10% of Phoenix’s open interest.
- Note: Margin at max leverage— + $1,000BingX —, Phoenix 10x. 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: +$0.89Long BingX: 3 payments, −$4.26; short Phoenix: 24 payments, +$5.15.
- Watch: Prices read 64 s apart−0.048% vs −0.013%Part of this gap may be the market moving.
- Watch: Short leg is thinner$6K vs $944K 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+0.0196%/8h × 21 periods+$41.22
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$19.40
Fee BingX bp × 2 orders−$10.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k+$4.82
price spread not counted: prices read too far apartCosts to cover0.364%Break-even6.2 days
Slippage: BingX: live order book, 3 min ago; Phoenix: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.277.5 bp−$713.1 bp−$13152.7 bp−$5,269202.5 bp−$101.2K
SELL · SHORTPhoenix3.2110.7 bp−$1122.4 bp−$224doesn’t fitdoesn’t fit
Closing costs about the same again.
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