Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 26.790 | +0.0640 | pay 0.0080% / 1h | 29m 37s | $1.2M | $257K | 10x | Long QFEX | |
| SHORT | 26.810 | +0.2220 | get 0.2220% / 8h | 3h 29m | $983K | $1.3M | — | Short BingX |
Price gap+0.075%
Funding gap+0.1580% /8h
Both sides work: funding pays +$47 a day on $10k, and the gap is 0.033% above its 7d average: +$3 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$92+0.1580% /8h now · paid +0.922% over the last 7D
Price+$3spread +0.075% now, avg +0.042% → +0.033% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$96+0.96%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.922% in total, about +0.0439%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.075%
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
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than QFEX’s order book right now.
- Note: Margin at max leverage$1,000 + —QFEX 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$47.40Long QFEX: 24 payments, −$19.20; short BingX: 3 payments, +$66.60.
- OK: Entry gap works for you+0.075% vs +0.042%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short 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: KYCQFEX No · BingX 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+0.0439%/8h × 21 periods+$92.22
Price spread+0.075% → +0.042% (7d avg)+$3.30
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee QFEX bp × 2 orders−$20.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: QFEX: live order book, 6 min ago; BingX: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX3.74doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX9.3443.3 bp−$43114.0 bp−$1,140988.1 bp−$98.8K1289.0 bp−$644.5K
Closing costs about the same again.
| 09-28 19:52 | gTrade (Gains Network) | Listing | BOT/USD no longer reported ($BOT) seen by our collector |
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market BOT/USD ($BOT) seen by our collector |

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