Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 113.21 | −0.0304 | get 0.0304% / 8h | 1h 41m | $1.4M | $42K | 10x | Long Phemex | |
| SHORT | 112.98 | +0.0198 | get 0.0198% / 8h | 1h 41m | $930K | $1.2M | — | Short BingX |
Price gap−0.203%
Funding gap+0.0502% /8h
Funding pays +$15 a day on $10k, but the gap is 0.146% under its 7d average: −$15 if it goes back, about 23 hours of funding. At the last 7 days' pace that is about 3.7 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$28+0.0502% /8h now · paid +0.280% over the last 7D
Price−$15spread −0.203% now, avg −0.057% → −0.146% if it goes back
Costs−$1621.624% of $10k · taker + slippage, in and out
The current funding rate is far above 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−0.203%
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 size36.6 / 28.3 bpAt $10k entering Phemex costs 36.6 bp, fee and slippage, 1.3× BingX’s.
- Note: Margin at max leverage$1,000 + —Phemex 10x, BingX —. 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: +$15.06Long Phemex: 3 payments, +$9.12; short BingX: 3 payments, +$5.94.
- Watch: Gap narrower than usual−0.203% vs −0.057%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short 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: KYCPhemex Yes · BingX YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0133%/8h × 21 periods+$28.02
Price spread−0.203% → −0.057% (7d avg)−$14.65
Slippage, 4 orderslive order books−$140.40
Fee Phemex bp × 2 orders−$12.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$149.03
Costs to cover1.624%Break-even44.2 days
Slippage: Phemex: live order book, just now; BingX: live order book, 19 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex4.4336.6 bp−$371364.5 bp−$13.6Kdoesn’t fitdoesn’t fit
SELL · SHORTBingX11.5128.3 bp−$2881.5 bp−$815608.6 bp−$60.9Kdoesn’t fit
Closing costs about the same again.
Avantis