Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 27.030 | +0.1710 | pay 0.1710% / 8h | 3h 00m | $983K | $1.3M | — | Long BingX | |
| SHORT | 27.000 | +0.0640 | get 0.0080% / 1h | 0m 26s | $1.2M | $258K | 10x | Short QFEX |
Price gap−0.111%
Funding gap−0.1070% /8h
Both sides work against this direction now: funding costs $32 a day on $10k and the gap is 0.069% 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−$92−0.1070% /8h now · paid −0.922% over the last 7D
Price−$7spread −0.111% now, avg −0.042% → −0.069% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$99−0.99%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.111%
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
/8hBOT on 13 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size46.3 / 225.4 bpAt $10k entering QFEX costs 225.4 bp, fee and slippage, 4.9× BingX’s.
- 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: −$32.10Long BingX: 3 payments, −$51.30; short QFEX: 24 payments, +$19.20.
- Watch: Gap narrower than usual−0.111% vs −0.042%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$983K 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−0.0439%/8h × 21 periods−$92.22
Price spread−0.111% → −0.042% (7d avg)−$6.94
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: BingX: live order book, 7 min ago; QFEX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX12.9846.3 bp−$46150.1 bp−$1,5011102.8 bp−$110.3K1303.1 bp−$651.5K
SELL · SHORTQFEX29.63225.4 bp−$225doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-28 19:52 | gTrade (Gains Network) | Listing | BOT/USD no longer reported ($BOT) seen by our collector |
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market BOT/USD ($BOT) seen by our collector |
gTrade (Gains Network)