LUNA

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXLUNA-USDT	0.04188	+0.0200	pay 0.0100% / 4h	1h 20m	$987K	$2.3M	—	Long BingX
SHORT	BinanceLUNA2USDT	0.04190	+0.0100	get 0.0050% / 4h	1h 20m	$1.7M	$2.6M	50x	Short Binance

Price gap+0.048%

Funding gap−0.0100% /8h

The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 27 hours. At the last 7 days' pace that is about 3.4 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$7−0.0100% /8h now · paid −0.070% over the last 7D

Price+$3spread +0.048% now, avg +0.014% → +0.034% if it goes back

Costs−$700.700% of $10k · taker + slippage, in and out

Result−$74−0.74%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / 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+0.048%

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

/8h

LUNA on 14 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size11.3 / 22.4 bp
At $10k entering Binance costs 22.4 bp, fee and slippage, 2.0× BingX’s.
Note: Margin at max leverage— + $200
BingX —, Binance 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval4h / 4h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$3.00Long BingX: 6 payments, −$6.00; short Binance: 6 payments, +$3.00.
OK: Entry gap works for you+0.048% vs +0.014%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$987K vs $1.7M OI
BingX sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · Binance Yes
Advanced 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 out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0033%/8h × 21 periods−$7.02

Price spread+0.048% → +0.014% (7d avg)+$3.39

Slippage, 4 orderslive order books−$50.03

Fee BingX bp × 2 orders−$10.00

Fee Binance bp × 2 orders−$10.00

Net · 7 days · $10k−$73.66

Costs to cover0.700%Break-evennever at this rate

Slippage: BingX: live order book, 7 min ago; Binance: live order book, 9 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX1.2011.3 bp−$1147.9 bp−$479373.9 bp−$37.4K430.3 bp−$215.1K

SELL · SHORTBinance2.3922.4 bp−$2268.1 bp−$681doesn’t fitdoesn’t fit

Closing costs about the same again.