Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 205.31 | +0.0050 | pay 0.0050% / 8h | 4h 10m | $953K | $1.2M | — | Long BingX | |
| SHORT | 206.03 | 0 | 0.0000% / 1h | 10m 19s | — | $823K | 10x | Short SunX≤10% back |
Price gap+0.351%55s
Funding gap−0.0050% /8h
The gap pays +$42 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 28 days. At the last 7 days' pace that is about 3.7 days.
The two prices were read 55 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−$79−0.0050% /8h now · paid −0.786% over the last 7D
Price—spread +0.351%55s now · prices read too far apart to compare
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.351%
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
/8hCVX on 7 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage— + $1,000BingX —, SunX 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 SunX: 24 payments, $0.00.
- Watch: Prices read 55 s apart+0.351% vs −0.065%Part of this gap may be the market moving.
- Watch: Short leg is thinner— vs $953K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · SunX 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−0.0374%/8h × 21 periods−$78.59
Price spreadprices read too far apart to compare—
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee BingX bp × 2 orders−$10.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kprice spread not counted: prices read too far apartCosts to cover—Break-even—
Slippage: BingX: live order book, 10 min ago; SunX: live order book, 64 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX16.5840.4 bp−$4065.7 bp−$657178.1 bp−$17.8K298.9 bp−$149.4K
SELL · SHORTSunX179.85doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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