Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 120.94 | +0.0050 | pay 0.0050% / 8h | 3h 58m | $941K | $1.2M | — | Long BingX | |
| SHORT | 120.53 | +0.0360 | get 0.0045% / 1h | 58m 42s | $532K | $34K | 10x | Short tradeXYZ |
Price gap−0.339%
Funding gap+0.0310% /8h
Funding pays +$9 a day on $10k, but the gap is 0.220% under its 7d average: −$22 if it goes back, about 2.4 days of funding. At the last 7 days' pace that is about 2 months.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$2+0.0310% /8h now · paid +0.025% over the last 7D
Price−$22spread −0.339% now, avg −0.119% → −0.220% if it goes back
Costs−$890.891% of $10k · taker + slippage, in and out
Result−$109−1.09%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.025% in total, about +0.0012%/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−0.339%
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
/8hEBAY on 12 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size19.9 / 18.7 bpAt $10k entering BingX costs 19.9 bp, fee and slippage, 1.1× tradeXYZ’s.
- Note: Margin at max leverage— + $1,000BingX —, tradeXYZ 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: +$9.31Long BingX: 3 payments, −$1.50; short tradeXYZ: 24 payments, +$10.81.
- Watch: Gap narrower than usual−0.339% vs −0.119%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$532K vs $941K OItradeXYZ sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · tradeXYZ 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+0.0012%/8h × 21 periods+$2.48
Price spread−0.339% → −0.119% (7d avg)−$22.04
Slippage, 4 orderslive order books−$77.30
Fee BingX bp × 2 orders−$10.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$108.66
Costs to cover0.891%Break-even313.6 days
Slippage: BingX: live order book, 30 min ago; tradeXYZ: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX3.7219.9 bp−$2067.5 bp−$675261.0 bp−$26.1K714.3 bp−$357.1K
SELL · SHORTtradeXYZ16.1818.7 bp−$1958.3 bp−$583263.2 bp−$26.3Kdoesn’t fit
Closing costs about the same again.
| 10-21 17:30 | Kalshi | Other | JUST IN: eBay to cut about 9% of its workforce to simplify operations, per Reuters @Kalshi on X ↗ |
| 10-21 14:21 | Bitget | Listing | new market EBAYUSDT ($EBAY) seen by our collector |
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