Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 216.33 | +0.0050 | pay 0.0050% / 8h | 5h 55m | $978K | $6.5M | — | Long BingX | |
| SHORT | 216.54 | 0 | 0.0000% / 8h | 5h 55m | $201K | $19K | 10x | Short Phemex |
Price gap+0.097%
Funding gap−0.0050% /8h
The gap pays +$12 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 7.7 days. At the last 7 days' pace that is about 13 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$145−0.0050% /8h now · paid −1.447% over the last 7D
Price+$12spread +0.097% now, avg −0.018% → +0.115% if it goes back
Costs−$1901.899% of $10k · taker + slippage, in and out
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+0.097%
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 10 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size39.4 / 59.0 bpAt $10k entering Phemex costs 59.0 bp, fee and slippage, 1.5× BingX’s.
- Note: Margin at max leverage— + $1,000BingX —, Phemex 10x. 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: −$1.50Long BingX: 3 payments, −$1.50; short Phemex: 3 payments, $0.00.
- OK: Entry gap works for you+0.097% vs −0.018%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$201K vs $978K OIPhemex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Phemex 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−0.0689%/8h × 21 periods−$144.65
Price spread+0.097% → −0.018% (7d avg)+$11.53
Slippage, 4 orderslive order books−$167.85
Fee BingX bp × 2 orders−$10.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$322.98
Costs to cover1.899%Break-evennever at this rate
Slippage: BingX: live order book, 9 min ago; Phemex: live order book, 53 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX12.2639.4 bp−$39116.7 bp−$1,167563.5 bp−$56.4K957.5 bp−$478.8K
SELL · SHORTPhemex8.0759.0 bp−$59doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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