Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 88.800 | 0 | 0.0000% / 8h | 7h 28m | $129K | $4K | 20x | Long Gate | |
| SHORT | 87.680 | +0.0200 | get 0.0200% / 8h | 7h 28m | $987K | $1.2M | — | Short BingX |
Price gap−1.261%
Funding gap+0.0200% /8h
Funding pays +$6 a day on $10k, but the gap is 0.277% under its 7d average: −$28 if it goes back, about 4.6 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$13+0.0200% /8h now · paid −0.132% over the last 7D
Price−$28spread −1.261% now, avg −0.985% → −0.277% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$41−0.41%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.132% in total, about −0.0063%/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−1.261%
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
/8hCCJ on 3 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Gate’s order book right now.
- Note: Margin at max leverage$500 + —Gate 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$6.00Long Gate: 3 payments, $0.00; short BingX: 3 payments, +$6.00.
- Watch: Gap narrower than usual−1.261% vs −0.985%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$129K vs $987K OIGate sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCGate Yes · BingX YesKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0063%/8h × 21 periods−$13.16
Price spread−1.261% → −0.985% (7d avg)−$27.66
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Gate bp × 2 orders−$15.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Gate: live order book, 8 min ago; BingX: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGate134.43doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX87.75134.5 bp−$135157.5 bp−$1,575448.0 bp−$44.8Kdoesn’t fit
Closing costs about the same again.