Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,069.3 | +0.0299 | pay 0.0037% / 1h | 10m 30s | $551K | $76K | 15x | Long Phoenix | |
| SHORT | 1,068.6 | +0.0198 | get 0.0198% / 8h | 4h 10m | $900K | $3.2M | — | Short BingX |
Price gap−0.063%49s
Funding gap−0.0101% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.059% under its 7d average. Swap the legs.
The two prices were read 49 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−$38−0.0101% /8h now · paid −0.380% over the last 7D
Price—spread −0.063%49s now · prices read too far apart to compare
Costs−$350.351% 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−0.063%
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
/8hMU on 41 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books12.0 / 5.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$667 + —Phoenix 15x, 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: −$3.02Long Phoenix: 24 payments, −$8.96; short BingX: 3 payments, +$5.94.
- Watch: Prices read 49 s apart−0.063% vs −0.004%Part of this gap may be the market moving.
- Watch: Long leg is thinner$551K vs $900K 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−0.0181%/8h × 21 periods−$37.97
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$18.14
Fee Phoenix bp × 2 orders−$7.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$73.11
price spread not counted: prices read too far apartCosts to cover0.351%Break-evennever at this rate
Slippage: Phoenix: live order book, 65 min ago; BingX: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix3.7412.0 bp−$1226.3 bp−$263doesn’t fitdoesn’t fit
SELL · SHORTBingX0.375.8 bp−$67.5 bp−$7512.5 bp−$1,25028.1 bp−$14.0K
Closing costs about the same again.
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| 09-29 16:30 | Vest Markets | Other | $MU is up around 1.6% on the session, with Netlist seeking a US import ban on its high bandwidth memory chips. Baird raised its price target to $1,520 from $1,280 on Monday, with fiscal fourth-quarter results due Wednesday. Trade $MU volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗ |
| 09-29 12:04 | ApeX Omni | Other | $MU earnings drop tomorrow. Will @MicronTech surprise the market after hours? Here’s what to watch and how to trade MU earnings after the bell: @OfficialApeXdex on X ↗ |
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