Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 453.04 | +0.0483 | pay 0.0483% / 8h | 1h 53m | $981K | $1.7M | — | Long BingX | |
| SHORT | 453.03 | −0.0009 | pay 0.0001% / 1h | 53m 06s | $1.5M | $99K | 10x | Short QFEX10% back |
Price gap−0.002%48s
Funding gap−0.0492% /8h
The gap pays +$14 on $10k if it goes back to its 7d average, but funding costs $15 a day and eats that in about 22 hours. At the last 7 days' pace that is about 3.9 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$25−0.0492% /8h now · paid −0.247% over the last 7D
Price—spread −0.002%48s now · prices read too far apart to compare
Costs−$800.803% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.247% in total, about −0.0118%/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−0.002%
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
/8hDELL on 25 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size11.9 / 21.6 bpAt $10k entering QFEX costs 21.6 bp, fee and slippage, 1.8× 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: −$14.75Long BingX: 3 payments, −$14.49; short QFEX: 24 payments, −$0.26.
- Watch: Prices read 48 s apart−0.002% vs −0.138%Part of this gap may be the market moving.
- Watch: Long leg is thinner$981K vs $1.5M 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−0.0118%/8h × 21 periods−$24.71
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$50.27
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$104.98
price spread not counted: prices read too far apartCosts to cover0.803%Break-evennever at this rate
Slippage: BingX: live order book, 18 min ago; QFEX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX2.3611.9 bp−$1221.5 bp−$21571.0 bp−$7,098600.5 bp−$300.3K
SELL · SHORTQFEX11.5821.6 bp−$2226.4 bp−$264doesn’t fitdoesn’t fit
Closing costs about the same again.
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