Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 108.61 | +0.0269 | pay 0.0269% / 8h | 25m 52s | $939K | $1.3M | — | Long BingX | |
| SHORT | 108.53 | +0.0061 | get 0.0008% / 1h | 25m 52s | $1.2M | $1.4M | 10x | Short QFEX |
Price gap−0.074%
Funding gap−0.0208% /8h
Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.036% 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−$44−0.0208% /8h now · paid −0.436% over the last 7D
Price−$4spread −0.074% now, avg −0.038% → −0.036% if it goes back
Costs−$470.467% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.074%
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
/8hBABA on 24 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books11.9 / 12.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $1,000BingX —, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$6.24Long BingX: 3 payments, −$8.07; short QFEX: 24 payments, +$1.83.
- Watch: Gap narrower than usual−0.074% vs −0.038%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$939K vs $1.2M OIBingX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · QFEX NoAdvanced 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−0.0207%/8h × 21 periods−$43.57
Price spread−0.074% → −0.038% (7d avg)−$3.56
Slippage, 4 orderslive order books−$16.71
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$93.84
Costs to cover0.467%Break-evennever at this rate
Slippage: BingX: live order book, 2 min ago; QFEX: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX2.3011.9 bp−$1221.9 bp−$21963.8 bp−$6,382451.1 bp−$225.6K
SELL · SHORTQFEX1.8412.8 bp−$1314.6 bp−$146doesn’t fitdoesn’t fit
Closing costs about the same again.
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