Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 100.03 | −0.0524 | get 0.0524% / 8h | 4h 10m | $933K | $1.2M | — | Long BingX | |
| SHORT | 100.18 | −0.0018 | pay 0.0002% / 1h | 10m 21s | $1.1M | $313K | 10x | Short QFEX |
Price gap+0.150%
Funding gap+0.0506% /8h
Both sides work: funding pays +$15 a day on $10k, and the gap is 0.140% above its 7d average: +$14 more if it goes back.
Funding on this pair cost 0.322% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$32+0.0506% /8h now · paid −0.322% over the last 7D
Price+$14spread +0.150% now, avg +0.010% → +0.140% if it goes back
Costs−$4604.602% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.322% in total, about −0.0153%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.150%
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
/8hAEHR on 6 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size175.0 / 92.8 bpAt $10k entering BingX costs 175.0 bp, fee and slippage, 1.9× QFEX’s.
- Note: Margin at max leverage— + $1,000BingX —, QFEX 10x. 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: +$15.19Long BingX: 3 payments, +$15.72; short QFEX: 24 payments, −$0.53.
- OK: Entry gap works for you+0.150% vs +0.010%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$933K vs $1.1M OIBingX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · QFEX 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−0.0153%/8h × 21 periods−$32.22
Price spread+0.150% → +0.010% (7d avg)+$14.01
Slippage, 4 orderslive order books−$430.23
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$478.44
Costs to cover4.602%Break-evennever at this rate
Slippage: BingX: live order book, 10 min ago; QFEX: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX18.98175.0 bp−$175874.7 bp−$8,7471062.1 bp−$106.2K1281.9 bp−$641.0K
SELL · SHORTQFEX2.5092.8 bp−$9394.4 bp−$944101.4 bp−$10.1Kdoesn’t fit
Closing costs about the same again.
