Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 37.284 | +0.0464 | pay 0.0058% / 1h | 1m 56s | $3.1M | $179K | 20x | Long tradeXYZ | |
| SHORT | 37.290 | +0.0050 | get 0.0050% / 8h | 3h 01m | $925K | $1.2M | — | Short BingX |
Price gap+0.016%
Funding gap−0.0414% /8h
Funding costs $12 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$15−0.0414% /8h now · paid −0.152% over the last 7D
Price+$1spread +0.016% now, avg +0.007% → +0.009% if it goes back
Costs−$830.831% of $10k · taker + slippage, in and out
Result−$97−0.97%+ 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 −0.152% in total, about −0.0072%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.016%
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
/8hEWZ on 14 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size17.5 / 27.2 bpAt $10k entering BingX costs 27.2 bp, fee and slippage, 1.6× tradeXYZ’s.
- Note: Margin at max leverage$500 + —tradeXYZ 20x, 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: −$12.41Long tradeXYZ: 24 payments, −$13.91; short BingX: 3 payments, +$1.50.
- Note: Gap at its usual level+0.016% vs +0.007%The price leg adds little either way.
- Watch: Short leg is thinner$925K vs $3.1M OIBingX 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−0.0072%/8h × 21 periods−$15.20
Price spread+0.016% → +0.007% (7d avg)+$0.95
Slippage, 4 orderslive order books−$71.33
Fee tradeXYZ bp × 2 orders−$1.80
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$97.39
Costs to cover0.831%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 10 min ago; BingX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ4.5517.5 bp−$1737.0 bp−$370doesn’t fitdoesn’t fit
SELL · SHORTBingX12.0927.2 bp−$2776.5 bp−$765173.4 bp−$17.3K619.6 bp−$309.8K
Closing costs about the same again.