Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 120.70 | +0.0947 | pay 0.0118% / 1h | 54m 24s | $532K | $25K | 10x | Long tradeXYZ | |
| SHORT | 121.01 | +0.0050 | get 0.0050% / 8h | 4h 54m | $941K | $1.2M | — | Short BingX |
Price gap+0.257%
Funding gap−0.0897% /8h
The gap pays +$14 on $10k if it goes back to its 7d average, but funding costs $27 a day and eats that in about 12 hours. At the last 7 days' pace that is about 4 months.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1−0.0897% /8h now · paid −0.009% over the last 7D
Price+$14spread +0.257% now, avg +0.118% → +0.139% if it goes back
Costs−$910.911% of $10k · taker + slippage, in and out
Result−$78−0.78%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.009% in total, about −0.0004%/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+0.257%
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
2 ok · 4 to watch- Watch: Thin at this size25.1 / 23.2 bpAt $10k entering tradeXYZ costs 25.1 bp, fee and slippage, 1.1× BingX’s.
- Note: Margin at max leverage$1,000 + —tradeXYZ 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: −$26.91Long tradeXYZ: 24 payments, −$28.41; short BingX: 3 payments, +$1.50.
- OK: Entry gap works for you+0.257% vs +0.118%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long 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: KYCtradeXYZ 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−0.0004%/8h × 21 periods−$0.89
Price spread+0.257% → +0.118% (7d avg)+$13.91
Slippage, 4 orderslive order books−$79.28
Fee tradeXYZ bp × 2 orders−$1.80
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$78.06
Costs to cover0.911%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 16 min ago; BingX: live order book, 14 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ10.7825.1 bp−$2564.0 bp−$640288.8 bp−$28.9Kdoesn’t fit
SELL · SHORTBingX8.6823.2 bp−$2395.2 bp−$952308.0 bp−$30.8K791.5 bp−$395.8K
Closing costs about the same again.
| 10-21 17:30 | Kalshi | Other | JUST IN: eBay to cut about 9% of its workforce to simplify operations, per Reuters @Kalshi on X ↗ |
| 10-21 14:21 | Bitget | Listing | new market EBAYUSDT ($EBAY) seen by our collector |
Kalshi
Bitget