Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 4.8460 | +0.0367 | pay 0.0367% / 8h | 16m 20s | $413K | $325K | 25x | Long Bybit | |
| SHORT | 4.8650 | +0.0016 | get 0.0002% / 1h | 16m 20s | $828K | $98K | 10x | Short QFEX37% off |
Price gap+0.392%
Funding gap−0.0352% /8h
The gap pays +$41 on $10k if it goes back to its 7d average, but funding costs $11 a day and eats that in about 3.9 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$202−0.0352% /8h now · paid +2.016% over the last 7D
Price+$41spread +0.392% now, avg −0.018% → +0.410% if it goes back
Costs−$2932.927% of $10k · taker + slippage, in and out
Result−$50−0.50%no points
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+0.392%
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
/8hBNC on 11 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size85.2 / 52.1 bpAt $10k entering Bybit costs 85.2 bp, fee and slippage, 1.6× QFEX’s.
- Note: Margin at max leverage$400 + $1,000Bybit 25x, 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: −$10.55Long Bybit: 3 payments, −$11.01; short QFEX: 24 payments, +$0.47.
- OK: Entry gap works for you+0.392% vs −0.018%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$413K vs $828K OIBybit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Yes · QFEX NoStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0960%/8h × 21 periods+$201.62
Price spread+0.392% → −0.018% (7d avg)+$41.01
Slippage, 4 orderslive order books−$261.72
Fee Bybit bp × 2 orders−$11.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$50.09
Costs to cover2.927%Break-even8.7 days
Slippage: Bybit: live order book, 20 min ago; QFEX: live order book, 55 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit11.4385.2 bp−$85292.4 bp−$2,924doesn’t fitdoesn’t fit
SELL · SHORTQFEX10.4952.1 bp−$52doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
BNC news
posts that mention BNC, from every exchange| 09-23 15:32 | Aster | Points | Epoch 3 is a wrap. Did you show up? Epoch 4 is now live with more hot markets: $MOONSHOT, $POLYMARKET, $BNC, $OURA and more. Trade for USD1 rewards and hold positions for $WLFI rewards. Make your moves. @Aster_DEX on X ↗ |
| 09-18 14:20 | Aster | Listing | New RWA perp listing: $BNC (CEA Industries Inc) with up to 10x leverage. @Aster_DEX on X ↗ |
Aster