Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 61.390 | −0.0027 | get 0.0003% / 1h | 11m 55s | $1.6M | $2.3M | 10x | Long QFEX | |
| SHORT | 61.060 | +0.0145 | get 0.0145% / 8h | 3h 11m | $920K | $1.7M | — | Short BingX |
Price gap−0.538%
Funding gap+0.0172% /8h
Funding pays +$5 a day on $10k, but the gap is 0.552% under its 7d average: −$55 if it goes back, about 11 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$31+0.0172% /8h now · paid +0.309% over the last 7D
Price−$55spread −0.538% now, avg +0.015% → −0.552% if it goes back
Costs−$270.265% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.538%
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
/8hDRAM on 36 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books7.4 / 5.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + —QFEX 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$5.16Long QFEX: 24 payments, +$0.81; short BingX: 3 payments, +$4.35.
- Watch: Gap narrower than usual−0.538% vs +0.015%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$920K vs $1.6M OIBingX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCQFEX 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+0.0147%/8h × 21 periods+$30.86
Price spread−0.538% → +0.015% (7d avg)−$55.22
Slippage, 4 orderslive order books−$6.53
Fee QFEX bp × 2 orders−$10.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$50.89
Costs to cover0.265%Break-even18.5 days
Slippage: QFEX: live order book, 5 min ago; BingX: live order book, 14 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX2.457.4 bp−$77.4 bp−$7411.3 bp−$1,125doesn’t fit
SELL · SHORTBingX0.825.8 bp−$67.2 bp−$7221.8 bp−$2,18586.6 bp−$43.3K
Closing costs about the same again.
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