Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 105.90 | +0.0050 | pay 0.0050% / 8h | 2h 31m | $982K | $1.3M | — | Long BingX | |
| SHORT | 105.95 | 0 | 0.0000% / 8h | 2h 31m | $1.3M | $28K | 10x | Short Phemex |
Price gap+0.047%
Funding gap−0.0050% /8h
The gap pays +$2 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 38 hours. At the last 7 days' pace that is about 15 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$27−0.0050% /8h now · paid −0.274% over the last 7D
Price+$2spread +0.047% now, avg +0.024% → +0.024% if it goes back
Costs−$1741.739% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.047%
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
/8hDIS on 11 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size20.2 / 60.3 bpAt $10k entering Phemex costs 60.3 bp, fee and slippage, 3.0× BingX’s.
- Note: Margin at max leverage— + $1,000BingX —, Phemex 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$1.50Long BingX: 3 payments, −$1.50; short Phemex: 3 payments, $0.00.
- OK: Entry gap works for you+0.047% vs +0.024%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$982K vs $1.3M OIBingX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Phemex 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−0.0130%/8h × 21 periods−$27.36
Price spread+0.047% → +0.024% (7d avg)+$2.37
Slippage, 4 orderslive order books−$151.90
Fee BingX bp × 2 orders−$10.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$198.89
Costs to cover1.739%Break-evennever at this rate
Slippage: BingX: live order book, 5 min ago; Phemex: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX1.4220.2 bp−$2036.8 bp−$368134.8 bp−$13.5K625.5 bp−$312.8K
SELL · SHORTPhemex3.7960.3 bp−$60doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-28 19:52 | gTrade (Gains Network) | Listing | DIS/USD no longer reported ($DIS) seen by our collector |
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market DIS/USD ($DIS) seen by our collector |
gTrade (Gains Network)