Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 96.130 | 0 | 0.0000% / 8h | 5h 44m | $1K | $695K | 10x | Long SunX≤10% back | |
| SHORT | 95.870 | +0.0167 | get 0.0021% / 1h | 44m 55s | $158K | $760K | 10x | Short Phoenix |
Price gap−0.270%
Funding gap+0.0167% /8h
Funding pays +$5 a day on $10k, but the gap is 0.107% under its 7d average: −$11 if it goes back, about 2.1 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$52+0.0167% /8h now · paid +0.520% over the last 7D
Price−$11spread −0.270% now, avg −0.163% → −0.107% if it goes back
Costs−$1471.465% of $10k · taker + slippage, in and out
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−0.270%
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
1 ok · 4 to watch- Watch: Thin at this size63.5 / 9.4 bpAt $10k entering SunX costs 63.5 bp, fee and slippage, 6.7× Phoenix’s.
- Note: Margin at max leverage$1,000 + $1,000SunX 10x, 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: +$5.01Long SunX: 3 payments, $0.00; short Phoenix: 24 payments, +$5.01.
- Watch: Gap narrower than usual−0.270% vs −0.163%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$1K vs $158K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legSunX No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0248%/8h × 21 periods+$52.02
Price spread−0.270% → −0.163% (7d avg)−$10.70
Slippage, 4 orderslive order books−$131.54
Fee SunX bp × 2 orders−$8.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$105.22
Costs to cover1.465%Break-even21.2 days
Slippage: SunX: live order book, 46 min ago; Phoenix: live order book, 57 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX45.1563.5 bp−$64doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPhoenix2.089.4 bp−$919.3 bp−$193doesn’t fitdoesn’t fit
Closing costs about the same again.
| 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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| 10-26 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 ↗ |
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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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