Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 396.63 | +0.0040 | pay 0.0005% / 1h | 49m 57s | $335K | $46K | 20x | Long Phoenix | |
| SHORT | 397.91 | 0 | 0.0000% / 8h | 7h 49m | $101K | $178K | 30x | Short HTX |
Price gap+0.323%61s
Funding gap−0.0040% /8h
The gap pays +$16 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 13 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$5−0.0040% /8h now · paid −0.047% over the last 7D
Price—spread +0.323%61s now · prices read too far apart to compare
Costs−$370.365% 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+0.323%
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
/8hTSLA on 46 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books9.5 / 9.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $333Phoenix 20x, HTX 30x. 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: −$1.21Long Phoenix: 24 payments, −$1.21; short HTX: 3 payments, $0.00.
- Watch: Prices read 61 s apart+0.323% vs +0.167%Part of this gap may be the market moving.
- Watch: Short leg is thinner$101K vs $335K OIHTX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix No · HTX LimitedNo ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0022%/8h × 21 periods−$4.67
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$17.51
Fee Phoenix bp × 2 orders−$7.00
Fee HTX bp × 2 orders−$12.00
Net · 7 days · $10k−$41.18
price spread not counted: prices read too far apartCosts to cover0.365%Break-evennever at this rate
Slippage: Phoenix: live order book, 41 min ago; HTX: live order book, 42 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.529.5 bp−$1018.9 bp−$189doesn’t fitdoesn’t fit
SELL · SHORTHTX1.769.8 bp−$1016.0 bp−$160doesn’t fitdoesn’t fit
Closing costs about the same again.
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