Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 118.58 | +0.0050 | pay 0.0050% / 8h | 2h 47m | $966K | $1.2M | — | Long BingX | |
| SHORT | 118.34 | −0.0277 | pay 0.0035% / 1h | 47m 55s | $306K | $131K | 10x | Short tradeXYZ |
Price gap−0.202%
Funding gap−0.0327% /8h
Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.050% 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−$10−0.0327% /8h now · paid −0.101% over the last 7D
Price−$5spread −0.202% now, avg −0.152% → −0.050% if it goes back
Costs−$1061.059% of $10k · taker + slippage, in and out
Result−$121−1.21%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.101% in total, about −0.0048%/8h on average.
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−0.202%
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 18 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size39.8 / 11.4 bpAt $10k entering BingX costs 39.8 bp, fee and slippage, 3.5× tradeXYZ’s.
- Note: Margin at max leverage— + $1,000BingX —, tradeXYZ 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: −$9.81Long BingX: 3 payments, −$1.50; short tradeXYZ: 24 payments, −$8.31.
- Watch: Gap narrower than usual−0.202% vs −0.152%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$306K vs $966K OItradeXYZ sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · tradeXYZ 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−0.0048%/8h × 21 periods−$10.09
Price spread−0.202% → −0.152% (7d avg)−$5.03
Slippage, 4 orderslive order books−$94.14
Fee BingX bp × 2 orders−$10.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$121.07
Costs to cover1.059%Break-evennever at this rate
Slippage: BingX: live order book, 18 min ago; tradeXYZ: live order book, 47 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX8.0439.8 bp−$40101.7 bp−$1,017286.4 bp−$28.6K807.2 bp−$403.6K
SELL · SHORTtradeXYZ8.4511.4 bp−$1154.4 bp−$544249.1 bp−$24.9Kdoesn’t fit
Closing costs about the same again.
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