Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 112.84 | +0.0316 | pay 0.0316% / 8h | 54m 32s | $930K | $1.2M | — | Long BingX | |
| SHORT | 112.86 | −0.0326 | pay 0.0326% / 8h | 54m 32s | $1.4M | $42K | 10x | Short Phemex |
Price gap+0.018%
Funding gap−0.0642% /8h
Both sides work against this direction now: funding costs $19 a day on $10k and the gap is 0.039% 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−$28−0.0642% /8h now · paid −0.280% over the last 7D
Price−$4spread +0.018% now, avg +0.057% → −0.039% if it goes back
Costs−$1411.412% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.280% in total, about −0.0133%/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+0.018%
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
/8hCSCO on 16 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size22.0 / 60.4 bpAt $10k entering Phemex costs 60.4 bp, fee and slippage, 2.7× BingX’s.
- Note: Margin at max leverage— + $1,000BingX —, Phemex 10x. 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: −$19.27Long BingX: 3 payments, −$9.48; short Phemex: 3 payments, −$9.79.
- Watch: Gap narrower than usual+0.018% vs +0.057%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$930K vs $1.4M OIBingX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Phemex 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−0.0133%/8h × 21 periods−$28.02
Price spread+0.018% → +0.057% (7d avg)−$3.90
Slippage, 4 orderslive order books−$119.17
Fee BingX bp × 2 orders−$10.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$173.08
Costs to cover1.412%Break-evennever at this rate
Slippage: BingX: live order book, 6 min ago; Phemex: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX7.0922.0 bp−$2254.1 bp−$541171.8 bp−$17.2K630.2 bp−$315.1K
SELL · SHORTPhemex0.4460.4 bp−$60doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Avantis