Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 105.68 | 0 | 0.0000% / 8h | 3h 02m | $1.3M | $29K | 10x | Long Phemex | |
| SHORT | 105.62 | +0.0050 | get 0.0050% / 8h | 3h 02m | $982K | $1.2M | — | Short BingX |
Price gap−0.057%
Funding gap+0.0050% /8h
Funding pays +$2 a day on $10k, but the gap is 0.033% under its 7d average: −$3 if it goes back, about 2.2 days of funding. At the last 7 days' pace that is about 20 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−$3spread −0.057% now, avg −0.024% → −0.033% if it goes back
Costs−$1501.498% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.057%
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
1 ok · 4 to watch- Watch: Thin at this size52.4 / 24.5 bpAt $10k entering Phemex costs 52.4 bp, fee and slippage, 2.1× BingX’s.
- Note: Margin at max leverage$1,000 + —Phemex 10x, BingX —. 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 Phemex: 3 payments, $0.00; short BingX: 3 payments, +$1.50.
- Watch: Gap narrower than usual−0.057% vs −0.024%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short 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: KYCPhemex Yes · BingX YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0130%/8h × 21 periods+$27.36
Price spread−0.057% → −0.024% (7d avg)−$3.26
Slippage, 4 orderslive order books−$127.76
Fee Phemex bp × 2 orders−$12.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$125.66
Costs to cover1.498%Break-even39.1 days
Slippage: Phemex: live order book, 2 min ago; BingX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex3.7952.4 bp−$52doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX3.3124.5 bp−$2583.7 bp−$837239.2 bp−$23.9K752.9 bp−$376.5K
Closing costs about the same again.
| 09-28 19:52 | gTrade (Gains Network) | Listing | DIS/USD no longer reported ($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)