Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 547.41 | −0.0050 | get 0.0050% / 8h | 2h 26m | $981K | $1.7M | — | Long BingX | |
| SHORT | 550.22 | +0.0059 | get 0.0007% / 1h | 26m 28s | $8K | $387K | 10x | Short Phoenix |
Price gap+0.513%49s
Funding gap+0.0109% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.575% above its 7d average: +$58 more if it goes back.
The two prices were read 49 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+$24+0.0109% /8h now · paid +0.240% over the last 7D
Price—spread +0.513%49s now · prices read too far apart to compare
Costs−$390.386% 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+0.513%
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
/8hDELL on 22 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Large against open interest5.3 / 12.1 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: +$3.26Long BingX: 3 payments, +$1.50; short Phoenix: 24 payments, +$1.76.
- Watch: Prices read 49 s apart+0.513% vs −0.062%Part of this gap may be the market moving.
- Watch: Short leg is thinner$8K vs $981K 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+0.0114%/8h × 21 periods+$23.96
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$21.58
Fee BingX bp × 2 orders−$10.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$14.63
price spread not counted: prices read too far apartCosts to cover0.386%Break-even11.3 days
Slippage: BingX: live order book, 14 min ago; Phoenix: live order book, 35 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.095.3 bp−$513.8 bp−$13857.1 bp−$5,711283.6 bp−$141.8K
SELL · SHORTPhoenix3.8412.1 bp−$1225.8 bp−$258doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-18 17:43 | Avantis | Other | AI infra. $ARM — AGI CPU upside, or competing with the licensees who pay the royalties? $DELL — AI server winner, or custom racks eating the margin? $WDC — pricing power that's structurally re-rated, or peak-cycle earnings on a multiple that assumes it never breaks? $LITE — OCS and in-rack optics expanding the TAM, or a supply-constrained component vendor with three customers? $NBIS — Meta-scale neocloud winner, or thin-margin GPU landlord? $IREN — miner→AI cloud with real MW, or leveraged GPU financing? $BE — fuel cells unlocking AI power, or a multiple that needs a broken grid? @verantaxyz on X ↗ |
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