Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 70.990 | +0.0451 | pay 0.0056% / 1h | 55m 55s | $39K | $600K | 10x | Long Phoenix | |
| SHORT | 70.750 | 0 | 0.0000% / 8h | 6h 55m | $11K | $2.0M | 10x | Short SunX≤10% back |
Price gap−0.338%61s
Funding gap−0.0451% /8h
Both sides work against this direction now: funding costs $14 a day on $10k and the gap is 0.366% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$40−0.0451% /8h now · paid −0.403% over the last 7D
Price—spread −0.338%61s now · prices read too far apart to compare
Costs−$730.727% of $10k · taker + slippage, in and out
Result—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−0.338%
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
/8hINTC on 43 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size11.5 / 24.8 bpAt $10k entering SunX costs 24.8 bp, fee and slippage, 2.2× Phoenix’s.
- Note: Margin at max leverage$1,000 + $1,000Phoenix 10x, SunX 10x. 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: −$13.52Long Phoenix: 24 payments, −$13.52; short SunX: 3 payments, $0.00.
- Watch: Prices read 61 s apart−0.338% vs +0.028%Part of this gap may be the market moving.
- Watch: Short leg is thinner$11K vs $39K 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 legPhoenix No · SunX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0192%/8h × 21 periods−$40.31
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$57.73
Fee Phoenix bp × 2 orders−$7.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k−$113.04
price spread not counted: prices read too far apartCosts to cover0.727%Break-evennever at this rate
Slippage: Phoenix: live order book, 20 min ago; SunX: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.8211.5 bp−$1224.1 bp−$241doesn’t fitdoesn’t fit
SELL · SHORTSunX20.3824.8 bp−$25doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-29 20:22 | Phoenix | Other | JUST IN: Intel lost over $80B in market value in five minutes, more than the entire market cap of $XRP. $INTC is trading at $72.97 on Phoenix, 24/7. @PhoenixTrade on X ↗ |
| 10-29 14:50 | Phoenix | Other | Five Phoenix-listed equities report after the close today. $SNDK 4:30pm ET. $AMZN, $INTC, $MSTR and $COIN 5:00pm ET. Trade them 24/7 on Phoenix. @PhoenixTrade on X ↗ |
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| 10-28 17:38 | QFEX | Other | Max leverage is increased to 20x across the following markets on QFEX $SNDK, $GOOGL, $NVDA, $MU, $SKHY, $INTC, $NBIS, $CRCL, $CBRS, $META, $TSLA, $MRVL, $AAPL, $AMZN, $MSFT, $MSTR and $ANTHROPIC. @QFEX on X ↗ |
| 10-28 15:31 | Markets by Kinetiq | Other | 13 companies still to report this week. Alphabet and Microsoft report today after the close. Amazon, Coinbase and Intel follow Thursday. Chevron closes it out Friday morning. @Markets_xyz on X ↗ |
| 10-28 14:43 | RISEx | Other | Post-FOMC now, then GPB and PCE tomorrow Happy trading: $HOOD: $GOOGL: $SNDK: $INTC: $MSTR: @risextrade on X ↗ |


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