COIN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixCOIN	186.87	+0.0257	pay 0.0032% / 1h	59m 05s	$6K	$391K	10x	Long Phoenix
SHORT	BingXNCSKCOIN2USD-USDT	186.83	+0.0159	get 0.0159% / 8h	7h 59m	$944K	$7.4M	—	Short BingX

Price gap−0.021%

Funding gap−0.0098% /8h

Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.034% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$41−0.0098% /8h now · paid −0.412% over the last 7D

Price−$3spread −0.021% now, avg +0.013% → −0.034% if it goes back

Costs−$360.357% of $10k · taker + slippage, in and out

Result−$80−0.80%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…

Price spread

Prices

Fundingper 8h

P&L

PRICE SPREAD · 7D

Now−0.021%

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

/8h

COIN on 29 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

Watch: Large against open interest10.7 / 7.7 bp
$10k is over 10% of Phoenix’s open interest.
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 / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$2.94Long Phoenix: 24 payments, −$7.71; short BingX: 3 payments, +$4.77.
Watch: Gap narrower than usual−0.021% vs +0.013%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$6K vs $944K OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPhoenix No · BingX Yes
Advanced 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 out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0196%/8h × 21 periods−$41.22

Price spread−0.021% → +0.013% (7d avg)−$3.43

Slippage, 4 orderslive order books−$18.72

Fee Phoenix bp × 2 orders−$7.00

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$80.37

Costs to cover0.357%Break-evennever at this rate

Slippage: Phoenix: live order book, 52 min ago; BingX: live order book, 8 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhoenix3.2110.7 bp−$1122.4 bp−$224doesn’t fitdoesn’t fit

SELL · SHORTBingX0.277.7 bp−$811.7 bp−$11730.4 bp−$3,043148.9 bp−$74.5K

Closing costs about the same again.

COIN news

posts that mention COIN or Coinbase Global, from every exchangeSearch all news →

09-25 00:50	Injective	Token	The Injective Stockdrop officially starts next week. Anyone who participated in the $INJ BuyBack yesterday will be eligible to earn a stock token on Robinhood Chain. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
09-21 13:35	gTrade (Gains Network)	Listing	new market COIN/USD ($COIN) seen by our collector
09-18 17:30	Vest Markets	Other	$COIN is rebounding from Tuesday's Senate defeat of the CLARITY Act, up around 12% on the session. The SEC issued a five-year innovation exemption that allows tokenized versions of U.S. stocks to trade on blockchain venues, with a comment period open. Crypto-linked equities are broadly higher, with $MSTR, $HOOD and $CRCL also up on the session. @VestExchange on X ↗