Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 540.27 | +0.0908 | pay 0.0454% / 4h | 10m 32s | $11K | $266K | 10x | Long edgeX | |
| SHORT | 547.68 | −0.0050 | pay 0.0050% / 8h | 4h 10m | $981K | $1.7M | — | Short BingX |
Price gap+1.371%55s
Funding gap−0.0958% /8h
The gap pays +$133 on $10k if it goes back to its 7d average, but funding costs $29 a day and eats that in about 4.6 days. At the last 7 days' pace that is about 19 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−$50−0.0958% /8h now · paid −0.504% over the last 7D
Price—spread +1.371%55s now · prices read too far apart to compare
Costs−$270.265% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.504% in total, about −0.0240%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+1.371%
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 22 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Large against open interest5.7 / 6.7 bp$10k is over 10% of edgeX’s open interest.
- Note: Margin at max leverage$1,000 + —edgeX 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$28.74Long edgeX: 6 payments, −$27.24; short BingX: 3 payments, −$1.50.
- Watch: Prices read 55 s apart+1.371% vs +0.036%Part of this gap may be the market moving.
- Watch: Long leg is thinner$11K vs $981K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCedgeX 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−0.0240%/8h × 21 periods−$50.44
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$7.52
Fee edgeX bp × 2 orders−$9.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$76.97
price spread not counted: prices read too far apartCosts to cover0.265%Break-evennever at this rate
Slippage: edgeX: live order book, 66 min ago; BingX: live order book, 16 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX0.935.7 bp−$676.2 bp−$762doesn’t fitdoesn’t fit
SELL · SHORTBingX0.096.7 bp−$714.6 bp−$14682.7 bp−$8,268546.7 bp−$273.4K
Closing costs about the same again.
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