Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 71.570 | 0 | 0.0000% / 8h | 7h 51m | $11K | $1.9M | 10x | Long SunX≤10% back | |
| SHORT | 71.400 | +0.0451 | get 0.0056% / 1h | 51m 57s | $39K | $600K | 10x | Short Phoenix |
Price gap−0.238%61s
Funding gap+0.0451% /8h
Funding pays +$14 a day on $10k, but the gap is 0.210% under its 7d average: −$21 if it goes back, about 37 hours of funding. At the last 7 days' pace that is about 3.6 days.
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 −0.238%61s now · prices read too far apart to compare
Costs−$670.667% 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−0.238%
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 size23.7 / 11.5 bpAt $10k entering SunX costs 23.7 bp, fee and slippage, 2.1× 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: +$13.52Long SunX: 3 payments, $0.00; short Phoenix: 24 payments, +$13.52.
- Watch: Prices read 61 s apart−0.238% vs −0.027%Part of this gap may be the market moving.
- Watch: Long 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 legSunX No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0192%/8h × 21 periods+$40.31
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$51.70
Fee SunX bp × 2 orders−$8.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$26.39
price spread not counted: prices read too far apartCosts to cover0.667%Break-even11.6 days
Slippage: SunX: live order book, 10 min ago; Phoenix: live order book, 30 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX15.4623.7 bp−$24doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPhoenix2.8211.5 bp−$1224.1 bp−$241doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 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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