Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 204.78 | 0 | 0.0000% / 8h | 2h 32m | $204K | $3K | 20x | Long Gate | |
| SHORT | 205.06 | +0.0567 | get 0.0567% / 8h | 2h 32m | $978K | $6.5M | — | Short BingX |
Price gap+0.137%
Funding gap+0.0567% /8h
Both sides work: funding pays +$17 a day on $10k, and the gap is 0.266% above its 7d average: +$27 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$39+0.0567% /8h now · paid +0.395% over the last 7D
Price+$27spread +0.137% now, avg −0.129% → +0.266% if it goes back
Costs−$6726.716% 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 +0.395% in total, about +0.0188%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.137%
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
2 ok · 3 to watch- Watch: Thin at this size251.5 / 73.1 bpAt $10k entering Gate costs 251.5 bp, fee and slippage, 3.4× BingX’s.
- Note: Margin at max leverage$500 + —Gate 20x, BingX —. 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: +$17.01Long Gate: 3 payments, $0.00; short BingX: 3 payments, +$17.01.
- OK: Entry gap works for you+0.137% vs −0.129%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long 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: KYCGate Yes · BingX YesKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0188%/8h × 21 periods+$39.49
Price spread+0.137% → −0.129% (7d avg)+$26.58
Slippage, 4 orderslive order books−$646.59
Fee Gate bp × 2 orders−$15.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$605.51
Costs to cover6.716%Break-even114.3 days
Slippage: Gate: live order book, 28 min ago; BingX: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGate18.72251.5 bp−$251doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX12.4273.1 bp−$73203.3 bp−$2,033439.2 bp−$43.9K913.4 bp−$456.7K
Closing costs about the same again.
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