Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2337 | +0.0100 | pay 0.0050% / 4h | 58m 46s | $1.4M | $1.7M | — | Long BingX | |
| SHORT | 0.2334 | +0.0108 | get 0.0014% / 1h | 58m 46s | $356K | $825K | 10x | Short TxFlow5% off |
Price gap−0.128%
Funding gap+0.0008% /8h
Funding is ≈ 0, so this is a price-spread trade: +$5 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0+0.0008% /8h now · paid 0.000% over the last 7D
Price+$5spread −0.128% now, avg −0.178% → +0.050% if it goes back
Costs−$510.514% of $10k · taker + slippage, in and out
Result−$46−0.46%+ 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−0.128%
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
/8hPONS on 35 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books10.6 / 10.2 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $1,000BingX —, TxFlow 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$0.24Long BingX: 6 payments, −$3.00; short TxFlow: 24 payments, +$3.24.
- OK: Entry gap works for you−0.128% vs −0.178%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$356K vs $1.4M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · TxFlow 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 earned0.0000%/8h × 21 periods+$0.03
Price spread−0.128% → −0.178% (7d avg)+$4.97
Slippage, 4 orderslive order books−$32.43
Fee BingX bp × 2 orders−$10.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$46.44
Costs to cover0.514%Break-even12870.1 days
Slippage: BingX: live order book, 4 min ago; TxFlow: live order book, 38 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX2.1410.6 bp−$1138.6 bp−$386doesn’t fitdoesn’t fit
SELL · SHORTTxFlow2.0910.2 bp−$1084.4 bp−$844doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-22 07:46 | Phemex | Listing | Spot New Listing - robinhood:0x39dbed3a2bd333467115de45665cc57f813c4571 | @ponsdotfamily - Trading Pair: PONS/USDT - Trading Starts: 9:00 UTC, 22 Oct Trade it here ➡️ @Phemex_official on X ↗ |
| 10-15 10:02 | Deribit | Listing | 🚨 Now live on Deribit: PONS and CASHCAT USDC settled perpetuals. ↓ @DeribitOfficial on X ↗ |
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