Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 63.290 | 0 | 0.0000% / 1h | 9m 38s | $1.1M | $234K | 10x | Long QFEX | |
| SHORT | 63.480 | −0.0050 | pay 0.0050% / 8h | 4h 09m | $969K | $1.3M | — | Short BingX |
Price gap+0.300%57s
Funding gap−0.0050% /8h
The gap pays +$16 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 11 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+$3−0.0050% /8h now · paid +0.029% over the last 2 days (all we have)
Price—spread +0.300%57s now · prices read too far apart to compare
Costs−$3733.726% 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+0.300%
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 9 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size124.4 / 78.0 bpAt $10k entering QFEX costs 124.4 bp, fee and slippage, 1.6× BingX’s.
- Note: Margin at max leverage$1,000 + —QFEX 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: −$1.50Long QFEX: 24 payments, $0.00; short BingX: 3 payments, −$1.50.
- Watch: Prices read 57 s apart+0.300% vs +0.141%Part of this gap may be the market moving.
- Watch: Short 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: KYCQFEX 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 earned+0.0044%/8h × 21 periods+$9.34
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$342.60
Fee QFEX bp × 2 orders−$20.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$363.26
price spread not counted: prices read too far apartCosts to cover3.726%Break-even279.3 days
Slippage: QFEX: live order book, 4 min ago; BingX: live order book, 13 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX80.01124.4 bp−$124131.1 bp−$1,311doesn’t fitdoesn’t fit
SELL · SHORTBingX18.9278.0 bp−$78200.4 bp−$2,004371.0 bp−$37.1K850.3 bp−$425.1K
Closing costs about the same again.
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