Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 285.81 | +0.0050 | pay 0.0050% / 8h | 4h 46m | $981K | $719K | — | Long BingX | |
| SHORT | 286.05 | −0.2213 | pay 0.2213% / 8h | 4h 46m | $1.3M | $148K | 20x | Short MEXC |
Price gap+0.084%
Funding gap−0.2263% /8h
The gap pays +$10 on $10k if it goes back to its 7d average, but funding costs $68 a day and eats that in about 4 hours. At the last 7 days' pace that is about 5.6 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$13−0.2263% /8h now · paid −0.127% over the last 7D
Price+$10spread +0.084% now, avg −0.018% → +0.102% if it goes back
Costs−$1401.405% of $10k · taker + slippage, in and out
Result−$143−1.43%no points
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.127% in total, about −0.0060%/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+0.084%
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
/8hCIEN on 13 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size33.2 / 23.1 bpAt $10k entering BingX costs 33.2 bp, fee and slippage, 1.4× MEXC’s.
- Note: Margin at max leverage— + $500BingX —, MEXC 20x. 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: −$67.89Long BingX: 3 payments, −$1.50; short MEXC: 3 payments, −$66.39.
- OK: Entry gap works for you+0.084% vs −0.018%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$981K vs $1.3M OIBingX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · MEXC 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−0.0060%/8h × 21 periods−$12.66
Price spread+0.084% → −0.018% (7d avg)+$10.17
Slippage, 4 orderslive order books−$126.45
Fee BingX bp × 2 orders−$10.00
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$142.94
Costs to cover1.405%Break-evennever at this rate
Slippage: BingX: live order book, 51 min ago; MEXC: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX7.4033.2 bp−$33109.3 bp−$1,093357.3 bp−$35.7K873.2 bp−$436.6K
SELL · SHORTMEXC19.5823.1 bp−$2327.2 bp−$272207.3 bp−$20.7K289.7 bp−$144.9K
Closing costs about the same again.
CIEN news
posts that mention CIEN or Ciena, from every exchange| 10-02 15:51 | BingX | Other | $CIEN jumps 7.77% as AI networking demand fuels the rally 🚀 Bernstein initiated coverage with an Outperform rating and a $440 target, backing Ciena’s AI growth story. What’s next for $CIEN? Read the full breakdown 👇 @BingXOfficial on X ↗ |
| 09-18 12:57 | Paragon | Listing | Ciena ($CIEN), IREN ($IREN) and Applied Optoelectronics ($AAOI) sit on different layers of the same AI build: line systems, cloud capacity, and optical transceivers. All three are live as perpetuals, 24/7 on Hyperliquid. Up to 10x. @tradeparagon on X ↗ |
Paragon