Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 63.580 | −0.0050 | get 0.0050% / 8h | 4h 51m | $969K | $1.3M | — | Long BingX | |
| SHORT | 63.710 | 0 | 0.0000% / 1h | 51m 30s | $1.1M | $244K | 10x | Short QFEX |
Price gap+0.204%
Funding gap+0.0050% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.345% above its 7d average: +$35 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$3+0.0050% /8h now · paid −0.029% over the last 2 days (all we have)
Price+$35spread +0.204% now, avg −0.141% → +0.345% if it goes back
Costs−$5125.118% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.204%
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
/8hCVNA on 8 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size49.1 / 198.1 bpAt $10k entering QFEX costs 198.1 bp, fee and slippage, 4.0× BingX’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: +$1.50Long BingX: 3 payments, +$1.50; short QFEX: 24 payments, $0.00.
- OK: Entry gap works for you+0.204% vs −0.141%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$969K 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−0.0045%/8h × 21 periods−$9.47
Price spread+0.204% → −0.141% (7d avg)+$34.50
Slippage, 4 orderslive order books−$481.81
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$486.78
Costs to cover5.118%Break-evennever at this rate
Slippage: BingX: live order book, 16 min ago; QFEX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX18.8349.1 bp−$49197.8 bp−$1,978416.2 bp−$41.6K869.8 bp−$434.9K
SELL · SHORTQFEX155.32198.1 bp−$198204.3 bp−$2,043doesn’t fitdoesn’t fit
Closing costs about the same again.
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