Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 205.16 | +0.0472 | pay 0.0472% / 8h | 3h 03m | $978K | $6.5M | — | Long BingX | |
| SHORT | 204.79 | 0 | 0.0000% / 8h | 3h 03m | $204K | $4K | 20x | Short Gate |
Price gap−0.180%
Funding gap−0.0472% /8h
Both sides work against this direction now: funding costs $14 a day on $10k and the gap is 0.312% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$39−0.0472% /8h now · paid −0.395% over the last 7D
Price−$31spread −0.180% now, avg +0.132% → −0.312% if it goes back
Costs−$6456.451% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.180%
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
/8hANET on 8 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size49.3 / 225.9 bpAt $10k entering Gate costs 225.9 bp, fee and slippage, 4.6× BingX’s.
- Note: Margin at max leverage— + $500BingX —, Gate 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$14.16Long BingX: 3 payments, −$14.16; short Gate: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.180% vs +0.132%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$204K vs $978K OIGate sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Gate YesAdvanced 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−0.0188%/8h × 21 periods−$39.49
Price spread−0.180% → +0.132% (7d avg)−$31.20
Slippage, 4 orderslive order books−$620.07
Fee BingX bp × 2 orders−$10.00
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$715.76
Costs to cover6.451%Break-evennever at this rate
Slippage: BingX: live order book, 11 min ago; Gate: live order book, 62 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX8.5349.3 bp−$49117.4 bp−$1,174281.9 bp−$28.2K698.8 bp−$349.4K
SELL · SHORTGate30.28225.9 bp−$226doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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