Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 82.100 | +0.0049 | pay 0.0006% / 1h | 6m 24s | $100K | $5K | 20x | Long Phoenix | |
| SHORT | 82.306 | +0.0742 | get 0.0093% / 1h | 6m 24s | $8.0M | $3.3M | 20x | Short tradeXYZ |
Price gap+0.251%78s
Funding gap+0.0693% /8h
Both sides work: funding pays +$21 a day on $10k, and the gap is 0.119% above its 7d average: +$12 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$98+0.0693% /8h now · paid +0.978% over the last 7D
Price—spread +0.251%78s now · prices read too far apart to compare
Costs−$440.436% of $10k · taker + slippage, in and out
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+0.251%
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
/8hTLT on 12 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size6.5 / 23.0 bpAt $10k entering tradeXYZ costs 23.0 bp, fee and slippage, 3.5× Phoenix’s.
- Note: Margin at max leverage$500 + $500Phoenix 20x, tradeXYZ 20x. 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: +$20.80Long Phoenix: 24 payments, −$1.46; short tradeXYZ: 24 payments, +$22.27.
- Watch: Prices read 78 s apart+0.251% vs +0.132%Part of this gap may be the market moving.
- Watch: Long leg is thinner$100K vs $8.0M OIPhoenix sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- OK: No KYC on either legPhoenix No · tradeXYZ NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0466%/8h × 21 periods+$97.77
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$34.75
Fee Phoenix bp × 2 orders−$7.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k+$54.22
price spread not counted: prices read too far apartCosts to cover0.436%Break-even3.1 days
Slippage: Phoenix: live order book, 44 min ago; tradeXYZ: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix1.226.5 bp−$716.0 bp−$160doesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ5.3423.0 bp−$2326.9 bp−$269doesn’t fitdoesn’t fit
Closing costs about the same again.
TLT news
posts that mention TLT, from every exchange| 10-29 17:47 | Markets by Kinetiq | Listing | The following [mkts] have now been settled and delisted. TLT IWM USTECH US500 @Markets_xyz on X ↗ |
| 10-28 14:45 | Markets by Kinetiq | Listing | The following [mkts] will be settled and delisted towards the end of the week. TLT IWM USTECH US500 Please note that any outstanding positions will be settled at mark price. @Markets_xyz on X ↗ |
| 10-21 18:18 | Markets by Kinetiq | Other | Short tail HIP-3 offerings include US500, USTECH, TLT, IWM @Markets_xyz on X ↗ |
| 10-14 09:44 | OKX | Listing | new market TLT-USDT-SWAP ($TLT) seen by our collector |
| 10-13 18:55 | Phoenix | Listing | Now live on Phoenix: $TLT - 20x leverage $IBM - 10x leverage $TXN - 5x leverage $ORCA - 5x leverage @PhoenixTrade on X ↗ |
| 10-13 17:00 | Phoenix | Listing | new market TLT ($TLT) seen by our collector |
Markets by Kinetiq
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