Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 137.13 | +0.0389 | pay 0.0389% / 8h | 1h 08m | $952K | $1.8M | — | Long BingX | |
| SHORT | 137.02 | +0.0117 | get 0.0015% / 1h | 8m 28s | $205K | $284K | 10x | Short Phoenix |
Price gap−0.080%49s
Funding gap−0.0272% /8h
Funding costs $8 a day on $10k at the current rate. 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−$39−0.0272% /8h now · paid −0.391% over the last 7D
Price—spread −0.080%49s now · prices read too far apart to compare
Costs−$340.336% 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−0.080%
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
/8hORCL on 30 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books6.3 / 10.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $1,000BingX —, 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: −$8.15Long BingX: 3 payments, −$11.67; short Phoenix: 24 payments, +$3.52.
- Watch: Prices read 49 s apart−0.080% vs −0.083%Part of this gap may be the market moving.
- Watch: Short leg is thinner$205K vs $952K OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Phoenix NoAdvanced 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−0.0186%/8h × 21 periods−$39.15
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$16.62
Fee BingX bp × 2 orders−$10.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$72.77
price spread not counted: prices read too far apartCosts to cover0.336%Break-evennever at this rate
Slippage: BingX: live order book, 8 min ago; Phoenix: live order book, 48 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.366.3 bp−$612.2 bp−$12233.0 bp−$3,301165.8 bp−$82.9K
SELL · SHORTPhoenix2.9210.8 bp−$1123.3 bp−$233doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 19:30 | Vest Markets | Other | Trade $ORCL volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗ |
| 09-29 19:30 | Vest Markets | Other | Heading into the close, $ORCL is up around 4.2% with the launch of Fusion Claw, which adds 25 agentic applications. The company also introduced a native NetApp storage service on its cloud, with a full rollout planned within 12 months. The move puts the shares on pace to snap a four-day losing streak that had taken them about 11% lower. @VestExchange on X ↗ |
| 09-28 17:30 | Vest Markets | Other | Oracle's AI financing model is drawing fresh skepticism, with $ORCL down around 2.7% on the session. S&P lowered the credit rating to BBB-, the shares drew a Sell rating this morning, and five-year default swaps reached a record 227 basis points last week. The $18B of debt tied to Project Jupiter is quoted near 89 cents on the dollar, with about half of Oracle's $664B backlog tied to OpenAI. @VestExchange on X ↗ |
| 09-27 09:40 | Kalshi | Other | JUST IN: Oracle reportedly gave Larry Ellison and co-CEOs nearly $1 billion in stock options that "had no value" by fiscal year-end @Kalshi on X ↗ |
| 09-25 03:59 | Kalshi | Other | JUST IN: Oracle's "investment grade" bond closed at 8.10%, in line with B3/B- junk @Kalshi on X ↗ |
| 09-24 13:30 | Vest Markets | Other | $ORCL is down around 5.4% into the open, with a reported force majeure notice to its New Mexico data center developer. The notice goes to developer Blue Owl on Project Jupiter, seeking to defer payments if the 1,400-acre campus behind Oracle's OpenAI capacity deal slips past 2028. Trade $ORCL volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗ |
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