Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 113.70 | −0.0014 | get 0.0002% / 1h | 54m 09s | $1.1M | $2.5M | 10x | Long QFEX | |
| SHORT | 113.90 | +0.0050 | get 0.0050% / 8h | 4h 54m | $966K | $1.3M | — | Short BingX |
Price gap+0.176%
Funding gap+0.0064% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.293% above its 7d average: +$29 more if it goes back.
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+$29spread +0.176% now, avg −0.118% → +0.293% if it goes back
Costs−$2212.207% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.176%
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
1 ok · 4 to watch- Watch: Thin at this size46.9 / 30.3 bpAt $10k entering QFEX costs 46.9 bp, fee and slippage, 1.6× BingX’s.
- 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: +$1.91Long QFEX: 24 payments, +$0.41; short BingX: 3 payments, +$1.50.
- OK: Entry gap works for you+0.176% vs −0.118%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short 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: 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+0.0136%/8h × 21 periods+$28.55
Price spread+0.176% → −0.118% (7d avg)+$29.35
Slippage, 4 orderslive order books−$190.70
Fee QFEX bp × 2 orders−$20.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$162.80
Costs to cover2.207%Break-even46.9 days
Slippage: QFEX: live order book, 3 min ago; BingX: live order book, 13 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX36.9446.9 bp−$4746.9 bp−$46952.5 bp−$5,252doesn’t fit
SELL · SHORTBingX5.7030.3 bp−$3071.8 bp−$718353.3 bp−$35.3K823.3 bp−$411.6K
Closing costs about the same again.
BloFin