Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
My profile →
My profile
Funding arb · Price arb / RWA

FRMI

RWAAll FRMI markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BingXNCSKFRMI2USD-USDT
4.0600+0.0070pay 0.0070% / 8h54m 04s$985K$1.1M—Long BingX
SHORT
MEXCFRMISTOCK_USDT
4.0700+0.0063get 0.0063% / 8h54m 04s$151K$92K20xShort MEXC
Price gap+0.246%
Funding gap−0.0007% /8h

Funding is ≈ 0, so this is a price-spread trade: +$34 on $10k if the gap goes back to its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$9−0.0007% /8h now · paid −0.093% over the last 7D
Price+$34spread +0.246% now, avg −0.089% → +0.336% if it goes back
Costs−$6636.628% of $10k · taker + slippage, in and out
Result−$639−6.39%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.246%
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

/8h

FRMI on 2 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size225.5 / 102.4 bp
    At $10k entering BingX costs 225.5 bp, fee and slippage, 2.2× MEXC’s.
  • Note: Margin at max leverage— + $500
    BingX —, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$0.21Long BingX: 3 payments, −$2.10; short MEXC: 3 payments, +$1.89.
  • OK: Entry gap works for you+0.246% vs −0.089%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$151K vs $985K OI
    MEXC sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBingX Yes · MEXC Yes
    Advanced 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 out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0044%/8h × 21 periods−$9.34
Price spread+0.246% → −0.089% (7d avg)+$33.58
Slippage, 4 orderslive order books−$652.76
Fee BingX bp × 2 orders−$10.00
Fee MEXC bp × 2 orders$0.00
Net · 7 days · $10k−$638.53
Costs to cover6.628%Break-evennever at this rate
Slippage: BingX: live order book, 6 min ago; MEXC: live order book, 20 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBingX86.10225.5 bp−$225doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTMEXC49.14102.4 bp−$102247.9 bp−$2,479313.2 bp−$31.3Kdoesn’t fit

Closing costs about the same again.

Alert