Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 546.72 | −0.0044 | get 0.0005% / 1h | 0m 02s | $8K | $365K | 10x | Long Phoenix | |
| SHORT | 546.72 | −0.0050 | pay 0.0050% / 8h | 3h 00m | $981K | $1.7M | — | Short BingX |
Price gap0.000%79s
Funding gap−0.0006% /8h
Funding is ≈ 0 and the gap is 0.062% under its 7d average: the price leg works against you, −$6 on $10k if it goes back.
The two prices were read 79 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−$25−0.0006% /8h now · paid −0.249% over the last 7D
Price—spread 0.000%79s now · prices read too far apart to compare
Costs−$370.369% 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
Now0.000%
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 interest12.1 / 7.4 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 / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.18Long Phoenix: 24 payments, +$1.32; short BingX: 3 payments, −$1.50.
- Watch: Prices read 79 s apart0.000% vs +0.062%Part of this gap may be the market moving.
- Watch: Long 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: 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−0.0119%/8h × 21 periods−$24.93
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$19.88
Fee Phoenix bp × 2 orders−$7.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$61.82
price spread not counted: prices read too far apartCosts to cover0.369%Break-evennever at this rate
Slippage: Phoenix: live order book, 65 min ago; BingX: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix3.8412.1 bp−$1225.8 bp−$258doesn’t fitdoesn’t fit
SELL · SHORTBingX0.097.4 bp−$718.3 bp−$18377.8 bp−$7,781368.2 bp−$184.1K
Closing costs about the same again.
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