ASX

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKASX2USD-USDT	40.850	−0.0610	get 0.0610% / 8h	1h 36m	$917K	$1.3M	—	Long BingX
SHORT	BitgetASXUSDT	40.810	−0.0856	pay 0.0856% / 8h	1h 36m	$852K	$664K	20x	Short Bitget

Price gap−0.098%

Funding gap−0.0246% /8h

Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.088% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$1−0.0246% /8h now · paid −0.010% over the last 7D

Price−$9spread −0.098% now, avg −0.010% → −0.088% if it goes back

Costs−$1241.243% of $10k · taker + slippage, in and out

Result−$134−1.34%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.010% in total, about −0.0005%/8h on average.

Price and funding

1h · history

Entry / 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−0.098%

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

/8h

ASX on 5 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size38.5 / 17.5 bp
At $10k entering BingX costs 38.5 bp, fee and slippage, 2.2× Bitget’s.
Note: Margin at max leverage— + $500
BingX —, Bitget 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$7.38Long BingX: 3 payments, +$18.30; short Bitget: 3 payments, −$25.68.
Watch: Gap narrower than usual−0.098% vs −0.010%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$852K vs $917K OI
Bitget sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · Bitget Yes
Advanced 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 out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0005%/8h × 21 periods−$0.95

Price spread−0.098% → −0.010% (7d avg)−$8.81

Slippage, 4 orderslive order books−$102.33

Fee BingX bp × 2 orders−$10.00

Fee Bitget bp × 2 orders−$12.00

Net · 7 days · $10k−$134.09

Costs to cover1.243%Break-evennever at this rate

Slippage: BingX: live order book, 11 min ago; Bitget: live order book, 56 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX12.2538.5 bp−$3884.8 bp−$848225.7 bp−$22.6K755.2 bp−$377.6K

SELL · SHORTBitget8.5817.5 bp−$1847.2 bp−$472doesn’t fitdoesn’t fit

Closing costs about the same again.

ASX