Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 16.482 | +0.0060 | pay 0.0008% / 1h | 50m 46s | $117K | $40K | 10x | Long Paragon | |
| SHORT | 16.690 | +0.0050 | get 0.0050% / 8h | 4h 50m | $989K | $1.6M | — | Short BingX |
Price gap+1.264%52s
Funding gap−0.0010% /8h
The gap pays +$33 on $10k if it goes back to its 7d average, but funding costs $0 a day and eats that in about 4 months.
The two prices were read 52 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$0−0.0010% /8h now · paid 0.000% over the last 7D
Price—spread +1.264%52s now · prices read too far apart to compare
Costs−$3623.622% 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+1.264%
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 size64.1 / 113.9 bpAt $10k entering BingX costs 113.9 bp, fee and slippage, 1.8× Paragon’s.
- Note: Margin at max leverage$1,000 + —Paragon 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: −$0.30Long Paragon: 24 payments, −$1.80; short BingX: 3 payments, +$1.50.
- Watch: Prices read 52 s apart+1.264% vs +0.932%Part of this gap may be the market moving.
- Watch: Long leg is thinner$117K vs $989K OIParagon sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCParagon 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 earned0.0000%/8h × 21 periods+$0.05
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$350.38
Fee Paragon bp × 2 orders−$1.80
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$362.13
price spread not counted: prices read too far apartCosts to cover3.622%Break-even55802.6 days
Slippage: Paragon: live order book, 18 min ago; BingX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGParagon63.2064.1 bp−$64119.6 bp−$1,196doesn’t fitdoesn’t fit
SELL · SHORTBingX23.94113.9 bp−$114259.1 bp−$2,591575.2 bp−$57.5K1025.0 bp−$512.5K
Closing costs about the same again.