Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 216.87 | 0 | 0.0000% / 8h | 5h 05m | $201K | $19K | 10x | Long Phemex | |
| SHORT | 216.90 | +0.0050 | get 0.0050% / 8h | 5h 05m | $978K | $6.5M | — | Short BingX |
Price gap+0.014%
Funding gap+0.0050% /8h
Funding trade: +$2 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
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$0spread +0.014% now, avg +0.016% → −0.003% if it goes back
Costs−$1751.746% 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+0.014%
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
1 ok · 3 to watch- Watch: Thin at this size46.6 / 34.9 bpAt $10k entering Phemex costs 46.6 bp, fee and slippage, 1.3× BingX’s.
- Note: Margin at max leverage$1,000 + —Phemex 10x, 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: +$1.50Long Phemex: 3 payments, $0.00; short BingX: 3 payments, +$1.50.
- Note: Gap at its usual level+0.014% vs +0.016%The price leg adds little either way.
- Watch: Long 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: KYCPhemex Yes · BingX YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0689%/8h × 21 periods+$144.65
Price spread+0.014% → +0.016% (7d avg)−$0.25
Slippage, 4 orderslive order books−$152.64
Fee Phemex bp × 2 orders−$12.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$30.24
Costs to cover1.746%Break-even8.5 days
Slippage: Phemex: live order book, 39 min ago; BingX: live order book, 19 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex8.0646.6 bp−$47doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX9.4534.9 bp−$3597.1 bp−$971662.6 bp−$66.3K1070.3 bp−$535.1K
Closing costs about the same again.
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