Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 96.070 | +0.0083 | pay 0.0010% / 1h | 40m 40s | $152K | $733K | 10x | Long Phoenix | |
| SHORT | 96.390 | +0.0147 | get 0.0147% / 8h | 6h 40m | $61K | $16K | 20x | Short HTX |
Price gap+0.333%61s
Funding gap+0.0064% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.333% above zero (no 7-day history yet): +$33 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$46+0.0064% /8h now · paid −0.461% over the last 7D
Price—spread +0.333%61s now · prices read too far apart to compare
Costsno datano order book for HTX
Result, before costs—no pointsneeds both prices read together
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+0.333%
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 · 4 to watch- Note: Order book unknown—No order-book sample for HTX: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $500Phoenix 10x, HTX 20x. 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: +$1.93Long Phoenix: 24 payments, −$2.49; short HTX: 3 payments, +$4.42.
- Watch: Prices read 61 s apart+0.333% vs —Part of this gap may be the market moving.
- Watch: Short leg is thinner$61K vs $152K OIHTX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix No · HTX LimitedNo 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−$46.08
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for HTX—
Fee Phoenix bp × 2 orders−$7.00
Fee HTX bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$65.08
price spread not counted: prices read too far apartCosts to cover0.190%Break-evennever at this rate
Slippage: Phoenix: live order book, 66 min ago; HTX: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.0811.5 bp−$1121.3 bp−$213doesn’t fitdoesn’t fit
SELL · SHORTHTX—————
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 ↗ |
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| 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 ↗ |


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