Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 503.56 | +0.0640 | pay 0.0640% / 8h | 2h 59m | $925K | $1.2M | — | Long BingX | |
| SHORT | 502.23 | 0 | 0.0000% / 1h | 59m 25s | $1.2M | $1.2M | 10x | Short QFEX |
Price gap−0.264%
Funding gap−0.0640% /8h
Both sides work against this direction now: funding costs $19 a day on $10k and the gap is 0.154% 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−$43−0.0640% /8h now · paid −0.432% over the last 7D
Price−$15spread −0.264% now, avg −0.110% → −0.154% if it goes back
Costs−$650.653% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.432% in total, about −0.0206%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.264%
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
/8hBRKB on 16 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size14.9 / 17.1 bpAt $10k entering QFEX costs 17.1 bp, fee and slippage, 1.2× 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: −$19.20Long BingX: 3 payments, −$19.20; short QFEX: 24 payments, $0.00.
- Watch: Gap narrower than usual−0.264% vs −0.110%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$925K 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−0.0206%/8h × 21 periods−$43.17
Price spread−0.264% → −0.110% (7d avg)−$15.38
Slippage, 4 orderslive order books−$35.29
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$123.83
Costs to cover0.653%Break-evennever at this rate
Slippage: BingX: live order book, 6 min ago; QFEX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX4.9714.9 bp−$1537.3 bp−$373300.7 bp−$30.1K927.6 bp−$463.8K
SELL · SHORTQFEX1.5917.1 bp−$1718.5 bp−$185doesn’t fitdoesn’t fit
Closing costs about the same again.
BloFin