Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 25.140 | +0.0592 | pay 0.0592% / 8h | 6h 37m | $980K | $1.6M | — | Long BingX | |
| SHORT | 25.100 | +0.0363 | get 0.0363% / 8h | 6h 37m | $379K | $102K | 20x | Short MEXC |
Price gap−0.159%
Funding gap−0.0229% /8h
Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.054% 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−$30−0.0229% /8h now · paid −0.301% over the last 7D
Price−$5spread −0.159% now, avg −0.105% → −0.054% if it goes back
Costs−$730.727% 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−0.159%
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
/8hAPLD on 13 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- OK: Fits both order books13.3 / 13.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $500BingX —, MEXC 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: −$6.87Long BingX: 3 payments, −$17.76; short MEXC: 3 payments, +$10.89.
- Watch: Gap narrower than usual−0.159% vs −0.105%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$379K vs $980K OIMEXC sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · MEXC 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−0.0143%/8h × 21 periods−$30.06
Price spread−0.159% → −0.105% (7d avg)−$5.44
Slippage, 4 orderslive order books−$62.67
Fee BingX bp × 2 orders−$10.00
Fee MEXC bp × 2 orders$0.00
Net · 7 days · $10k−$108.17
Costs to cover0.727%Break-evennever at this rate
Slippage: BingX: live order book, 9 min ago; MEXC: live order book, 32 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX1.9913.3 bp−$1349.5 bp−$495582.5 bp−$58.2K1026.5 bp−$513.2K
SELL · SHORTMEXC9.8713.3 bp−$13100.1 bp−$1,001203.8 bp−$20.4Kdoesn’t fit
Closing costs about the same again.
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| 10-03 11:40 | Backpack | Other | Earnings & macro events to watch for the week of Oct. 5. ▸ Earnings: $PEP $DAL $STZ $LEVI $APLD $PENG ▸ Macro: US ISM Services PMI, FOMC minutes Full market calendar → @Backpack on X ↗ |
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