COIN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixCOIN	186.33	+0.0257	pay 0.0032% / 1h	25m 47s	$6K	$402K	10x	Long Phoenix
SHORT	PopdexCOINUSDT	186.43	+0.0048	get 0.0006% / 1h	25m 47s	$388K	$256K	20x	Short Popdex

Price gap+0.054%59s

Funding gap−0.0209% /8h

The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $6 a day and eats that in about 17 hours.

The two prices were read 59 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 forecast

Funding−$28−0.0209% /8h now · paid −0.277% over the last 7D

Price—spread +0.054%59s now · prices read too far apart to compare

Costs−$330.329% of $10k · taker + slippage, in and out

Result—no pointsneeds both prices read together

Price and funding

1h · history

Entry / ExitPhoenix: thin, under $1M open interest · Popdex: 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+0.054%

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 28 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Large against open interest8.3 / 9.1 bp
$10k is over 10% of Phoenix’s open interest.
Note: Margin at max leverage$1,000 + $500
Phoenix 10x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$6.26Long Phoenix: 24 payments, −$7.70; short Popdex: 24 payments, +$1.44.
Watch: Prices read 59 s apart+0.054% vs +0.010%
Part of this gap may be the market moving.
Watch: Long leg is thinner$6K vs $388K OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
OK: No KYC on either legPhoenix No · Popdex No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0145%/8h × 21 periods−$30.36

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$19.52

Fee Phoenix bp × 2 orders−$7.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$63.28

price spread not counted: prices read too far apart

Costs to cover0.329%Break-evennever at this rate

Slippage: Phoenix: live order book, 64 min ago; Popdex: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhoenix2.138.3 bp−$816.8 bp−$168doesn’t fitdoesn’t fit

SELL · SHORTPopdex0.819.1 bp−$932.0 bp−$320doesn’t fitdoesn’t fit

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 ↗