Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 16.670 | +0.0049 | pay 0.0049% / 8h | 4h 09m | $989K | $1.6M | — | Long BingX | |
| SHORT | 16.540 | 0 | 0.0000% / 1h | 9m 37s | $1.2M | $188K | 10x | Short QFEX |
Price gap−0.780%57s
Funding gap−0.0049% /8h
The gap pays +$6 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 3.9 days.
The two prices were read 57 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$10−0.0049% /8h now · paid −0.105% over the last 7D
Price—spread −0.780%57s now · prices read too far apart to compare
Costs−$3023.024% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.780%
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
/8hCIFR on 6 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size113.2 / 36.9 bpAt $10k entering BingX costs 113.2 bp, fee and slippage, 3.1× 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: −$1.47Long BingX: 3 payments, −$1.47; short QFEX: 24 payments, $0.00.
- Watch: Prices read 57 s apart−0.780% vs −0.838%Part of this gap may be the market moving.
- Watch: Long leg is thinner$989K vs $1.2M 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−0.0050%/8h × 21 periods−$10.50
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$272.43
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$312.93
price spread not counted: prices read too far apartCosts to cover3.024%Break-evennever at this rate
Slippage: BingX: live order book, 15 min ago; QFEX: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX18.05113.2 bp−$113doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTQFEX3.0236.9 bp−$3739.9 bp−$399doesn’t fitdoesn’t fit
Closing costs about the same again.