Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 148.76 | +0.0154 | pay 0.0154% / 8h | 4h 44m | $940K | $6.0M | — | Long BingX | |
| SHORT | 148.66 | +0.0108 | get 0.0013% / 1h | 44m 43s | $293K | $465K | 15x | Short Phoenix |
Price gap−0.067%62s
Funding gap−0.0046% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.031% 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+$45−0.0046% /8h now · paid +0.453% over the last 7D
Price—spread −0.067%62s now · prices read too far apart to compare
Costs−$280.279% 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−0.067%
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
/8hSPCX on 47 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books5.3 / 8.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $667BingX —, Phoenix 15x. 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: −$1.38Long BingX: 3 payments, −$4.62; short Phoenix: 24 payments, +$3.24.
- Watch: Prices read 62 s apart−0.067% vs −0.036%Part of this gap may be the market moving.
- Watch: Short leg is thinner$293K vs $940K 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+0.0216%/8h × 21 periods+$45.33
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$10.86
Fee BingX bp × 2 orders−$10.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k+$17.47
price spread not counted: prices read too far apartCosts to cover0.279%Break-even4.3 days
Slippage: BingX: live order book, 9 min ago; Phoenix: live order book, 37 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.345.3 bp−$55.7 bp−$577.1 bp−$71510.2 bp−$5,098
SELL · SHORTPhoenix2.018.6 bp−$917.4 bp−$174doesn’t fitdoesn’t fit
Closing costs about the same again.
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