Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 95.990 | +0.0719 | pay 0.0719% / 8h | 5h 44m | $62K | $19K | 20x | Long HTX | |
| SHORT | 95.870 | +0.0167 | get 0.0021% / 1h | 44m 56s | $158K | $760K | 10x | Short Phoenix |
Price gap−0.125%
Funding gap−0.0552% /8h
Both sides work against this direction now: funding costs $17 a day on $10k and the gap is 0.125% under zero (no 7-day history yet). Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$46−0.0552% /8h now · paid +0.461% over the last 7D
Price—spread −0.125% now · no price history on both exchanges yet
Costsno datano order book for HTX
Result, before costs—no pointsneeds both price histories
Price and funding
1h · historyEntry / Exit
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−0.125%
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
/8hHOOD on 40 exchanges
lowest funding firstBefore you open
0 ok · 3 to watch- Note: Order book unknown—No order-book sample for HTX: its slippage is not counted.
- Note: Margin at max leverage$500 + $1,000HTX 20x, 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: −$16.56Long HTX: 3 payments, −$21.57; short Phoenix: 24 payments, +$5.01.
- Note: No 7-day spread history−0.125%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$62K vs $158K OIHTX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCHTX Limited · Phoenix NoNo ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0219%/8h × 21 periods+$46.09
Price spread−0.125% → 0−$12.50
Slippage, 4 ordersno data for HTX—
Fee HTX bp × 2 orders−$12.00
Fee Phoenix bp × 2 orders−$7.00
Net, fees only · 7 days · $10k+$14.59
Costs to cover0.190%Break-even4.8 days
Slippage: HTX: no order-book sample; Phoenix: live order book, 57 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHTX—————
SELL · SHORTPhoenix2.089.4 bp−$919.3 bp−$193doesn’t fitdoesn’t fit
Closing costs about the same again.
HTX: no data.
| 10-27 15:08 | tradeXYZ | Other | Earnings this week on TradeXYZ: Tue 10/27: Robinhood (HOOD), SK hynix (SKHX, SKHY) Wed 10/28: Microsoft (MSFT), Alphabet (GOOGL), ServiceNow (NOW), GE Vernova (GEV), United Microelectronic Corp (UMC), eBay (EBAY) Thu 10/29: Eli Lilly (LLY), Samsung (SAMSUNG), Amazon (AMZN), Intel (INTC), Sandisk (SNDK), Coinbase (COIN), Strategy (MSTR), Reddit (RDDT), Rivian (RIVN) Fri 10/30: Chevron (CVX), Kioxia (KIOXIA) @tradexyz on X ↗ |
| 10-27 14:14 | Phoenix | Other | Robinhood, $HOOD reports earnings after the market closes today. Analysts expect revenue of ~$1.42B, which would be a company record. Trade it 24/7 on Phoenix: @PhoenixTrade on X ↗ |
| 10-26 22:17 | Polymarket Perps | Other | One of the biggest earnings weeks of the season is here. Tue Oct 27 • SKHY • SKHYNIX • HOOD Wed Oct 28 • SAMSUNG • MSFT • GOOGL Thu Oct 29 • AMZN • INTC • SNDK • MSTR • STRC • COIN Trade every report on Polymarket Perps👇 @Poly_Perps on X ↗ |
| 10-26 15:26 | Variational Omni | Other | Eligible markets: Day 1 (Oct 27): $HOOD, $V, $STX, $TER, $SKHY Day 2 (Oct 28): $GOOGL, $MSFT, $KLAC Day 3 (Oct 29): $AMZN, $COIN, $MSTR, $RDDT, $SNDK @variational_io on X ↗ |
| 10-23 16:53 | Backpack | Other | Earnings & macro to watch for Oct 26–30 ▸ Macro: Fed decision, GDP, PCE ▸ Tech & AI: $GOOGL $MSFT $AMZN $INTC $SKHY $SNDK $VRT ▸ Crypto & finance: $HOOD $COIN $SOFI $V $MSTR ▸ Healthcare: $LLY $ABBV ▸ Energy: $XOM $CVX Full market calendar → @Backpack on X ↗ |
| 10-23 08:04 | Reya | Listing | $CRCL $HOOD $MSTR perps are live on Reya. The stablecoin issuer, the broker, and the one people bought because they couldn't buy bitcoin. Now all three trade next to our bitcoin perp. 24/7. 16 RWA perps and counting. Climb the waitlist to get inside. @reya_xyz on X ↗ |


tradeXYZ
Polymarket Perps
Variational Omni
Backpack