Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 122.60 | +0.0196 | pay 0.0024% / 1h | 23m 46s | $29K | $150K | 10x | Long Phoenix | |
| SHORT | 113.79 | +0.0248 | get 0.0248% / 8h | 2h 23m | $978K | $7.8M | — | Short BingX |
Price gap−7.186%94s
Funding gap+0.0052% /8h
Funding pays +$2 a day on $10k, but the gap is 7.216% under its 7d average: −$722 if it goes back, about 15 months of funding.
Funding on this pair cost 0.305% over the last 7 days: the rate has only just turned. The two prices were read 94 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−$31+0.0052% /8h now · paid −0.305% over the last 7D
Price—spread −7.186%94s now · prices read too far apart to compare
Costs−$450.453% 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−7.186%
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 33 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Large against open interest13.2 / 8.5 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: +$1.56Long Phoenix: 24 payments, −$5.88; short BingX: 3 payments, +$7.44.
- Watch: Prices read 94 s apart−7.186% vs +0.030%Part of this gap may be the market moving.
- Watch: Long leg is thinner$29K vs $978K 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−0.0145%/8h × 21 periods−$30.55
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$28.26
Fee Phoenix bp × 2 orders−$7.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$75.81
price spread not counted: prices read too far apartCosts to cover0.453%Break-evennever at this rate
Slippage: Phoenix: live order book, 35 min ago; BingX: live order book, 8 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix4.0813.2 bp−$1328.8 bp−$288doesn’t fitdoesn’t fit
SELL · SHORTBingX0.418.5 bp−$824.6 bp−$24677.2 bp−$7,716482.7 bp−$241.3K
Closing costs about the same again.
| 09-28 18:50 | Aevo | Other | bitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗ |
| 09-21 16:05 | Aevo | Contest | bitcoin:native broke $85k, zcash:native crossed $1.5k, and near:native is up 70%+ in 7 days. Trading them adds volume to Aevo’s year-end leaderboard for the projected 808,800 USDC reward. Options count too, as do the other Perp Majors: ETH, SOL, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗ |
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market HOOD/USD ($HOOD) seen by our collector |
| 09-19 00:09 | SoDEX | Other | Robinhood (HOOD) shares are up 9.12% today. The company has grown beyond its commission-free trading roots, expanding across options, crypto, retirement products, and subscription services while building a broader retail investing ecosystem. Explore our latest research on Robinhood, its growth strategy, and what could drive the company next: @sodex_official on X ↗ |
| 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 ↗ |
| 09-17 09:45 | RISEx | Other | → $ARB: → $HOOD: @risextrade on X ↗ |
Aevo
gTrade (Gains Network)
SoDEX
Vest Markets
RISEx