Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 359.14 | +0.0093 | pay 0.0093% / 8h | 2h 32m | $981K | $1.2M | — | Long BingX | |
| SHORT | 358.81 | +0.0060 | get 0.0008% / 1h | 32m 07s | $1.1M | $736K | 10x | Short QFEX |
Price gap−0.092%
Funding gap−0.0033% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.052% 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−$52−0.0033% /8h now · paid −0.522% over the last 7D
Price−$5spread −0.092% now, avg −0.040% → −0.052% if it goes back
Costs−$970.968% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.092%
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 12 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size25.4 / 23.4 bpAt $10k entering BingX costs 25.4 bp, fee and slippage, 1.1× QFEX’s.
- Note: Margin at max leverage— + $1,000BingX —, QFEX 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: −$0.98Long BingX: 3 payments, −$2.79; short QFEX: 24 payments, +$1.81.
- Watch: Gap narrower than usual−0.092% vs −0.040%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$981K vs $1.1M OIBingX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · QFEX 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−0.0249%/8h × 21 periods−$52.22
Price spread−0.092% → −0.040% (7d avg)−$5.21
Slippage, 4 orderslive order books−$66.79
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$154.21
Costs to cover0.968%Break-evennever at this rate
Slippage: BingX: live order book, 3 min ago; QFEX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX11.5225.4 bp−$2576.0 bp−$760187.5 bp−$18.8K639.1 bp−$319.6K
SELL · SHORTQFEX2.2223.4 bp−$23doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-18 12:57 | Paragon | Listing | Ciena ($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 ↗ |
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