Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,286.5 | −0.0123 | get 0.0015% / 1h | 51m 45s | $257K | $1.2M | 20x | Long TxFlow5% off | |
| SHORT | 1,284.4 | +0.0437 | get 0.0055% / 1h | 51m 45s | $248K | $2.3M | 15x | Short Phoenix |
Price gap−0.164%
Funding gap+0.0560% /8h
Funding pays +$17 a day on $10k, but the gap is 0.179% under its 7d average: −$18 if it goes back, about 26 hours of funding. At the last 7 days' pace that is about 3.0 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$42+0.0560% /8h now · paid +0.424% over the last 7D
Price−$18spread −0.164% now, avg +0.015% → −0.179% if it goes back
Costs−$350.346% of $10k · taker + slippage, in and out
Result−$10−0.10%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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−0.164%
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
/8hSNDK on 45 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books6.5 / 10.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $667TxFlow 20x, Phoenix 15x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$16.81Long TxFlow: 24 payments, +$3.70; short Phoenix: 24 payments, +$13.11.
- Watch: Gap narrower than usual−0.164% vs +0.015%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$248K vs $257K OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0202%/8h × 21 periods+$42.45
Price spread−0.164% → +0.015% (7d avg)−$17.90
Slippage, 4 orderslive order books−$18.64
Fee TxFlow bp × 2 orders−$9.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$10.10
Costs to cover0.346%Break-even8.7 days
Slippage: TxFlow: live order book, 5 min ago; Phoenix: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.566.5 bp−$713.3 bp−$13374.7 bp−$7,467336.2 bp−$168.1K
SELL · SHORTPhoenix2.3410.1 bp−$1021.4 bp−$214doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 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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| 10-29 10:00 | MEXC | Other | Three earnings. Which one gets the green candle? 👀 ☁️ $AMZN: AWS growth vs. spending 💾 $SNDK: NAND pricing power 🪙 $COIN: Trading revenue recovery All report after the U.S. close today. Your pick? 👇 #MEXC @MEXC on X ↗ |
| 10-29 04:20 | BingX | Other | Markets are repricing after Super Central Bank Week. When things move fast, liquidity counts. $SNDK Perps on BingX (𝘪𝘯 𝘜𝘚𝘋𝘛 𝘥𝘦𝘱𝘵𝘩): 🔳 1.55M @10 bps 🔳 6.61M @50 bps 🔳 10.2M @100 bps @BingXOfficial on X ↗ |

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