Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 113.58 | +0.0050 | pay 0.0050% / 8h | 4h 10m | $966K | $1.2M | — | Long BingX | |
| SHORT | 113.29 | −0.0014 | pay 0.0002% / 1h | 10m 59s | $1.1M | $2.9M | 10x | Short QFEX |
Price gap−0.255%
Funding gap−0.0064% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.345% 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−$29−0.0064% /8h now · paid −0.285% over the last 7D
Price−$35spread −0.255% now, avg +0.090% → −0.345% if it goes back
Costs−$2222.216% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.255%
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
/8hBX on 16 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size35.1 / 72.3 bpAt $10k entering QFEX costs 72.3 bp, fee and slippage, 2.1× 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: −$1.91Long BingX: 3 payments, −$1.50; short QFEX: 24 payments, −$0.41.
- Watch: Gap narrower than usual−0.255% vs +0.090%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$966K vs $1.1M 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−0.0136%/8h × 21 periods−$28.55
Price spread−0.255% → +0.090% (7d avg)−$34.54
Slippage, 4 orderslive order books−$191.59
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$284.68
Costs to cover2.216%Break-evennever at this rate
Slippage: BingX: live order book, 11 min ago; QFEX: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX8.7935.1 bp−$35104.5 bp−$1,045220.3 bp−$22.0K722.1 bp−$361.0K
SELL · SHORTQFEX62.2972.3 bp−$7272.3 bp−$72378.3 bp−$7,826doesn’t fit
Closing costs about the same again.
BloFin