Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 118.57 | +0.0245 | pay 0.0031% / 1h | 55m 14s | $296K | $111K | 10x | Long tradeXYZ | |
| SHORT | 118.72 | +0.0050 | get 0.0050% / 8h | 3h 55m | $966K | $1.2M | — | Short BingX |
Price gap+0.127%
Funding gap−0.0195% /8h
Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.027% 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+$9−0.0195% /8h now · paid +0.095% over the last 7D
Price−$3spread +0.127% now, avg +0.153% → −0.027% if it goes back
Costs−$720.716% of $10k · taker + slippage, in and out
Result−$65−0.65%+ 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 +0.095% in total, about +0.0045%/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+0.127%
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 size11.0 / 22.2 bpAt $10k entering BingX costs 22.2 bp, fee and slippage, 2.0× tradeXYZ’s.
- Note: Margin at max leverage$1,000 + —tradeXYZ 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: −$5.86Long tradeXYZ: 24 payments, −$7.36; short BingX: 3 payments, +$1.50.
- Watch: Gap narrower than usual+0.127% vs +0.153%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$296K 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: KYCtradeXYZ 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+0.0045%/8h × 21 periods+$9.47
Price spread+0.127% → +0.153% (7d avg)−$2.67
Slippage, 4 orderslive order books−$59.77
Fee tradeXYZ bp × 2 orders−$1.80
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$64.76
Costs to cover0.716%Break-even54.9 days
Slippage: tradeXYZ: live order book, 53 min ago; BingX: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ8.4411.0 bp−$1145.6 bp−$456268.4 bp−$26.8Kdoesn’t fit
SELL · SHORTBingX4.6222.2 bp−$2285.5 bp−$855283.3 bp−$28.3K885.5 bp−$442.8K
Closing costs about the same again.
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