GDX

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKGDX2USD-USDT	88.550	+0.0050	pay 0.0050% / 8h	4h 17m	$929K	$1.6M	—	Long BingX
SHORT	BinanceGDXUSDT	88.563	0	0.0000% / 8h	4h 17m	$434K	$236K	20x	Short Binance

Price gap+0.015%

Funding gap−0.0050% /8h

The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 44 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$9−0.0050% /8h now · paid −0.090% over the last 7D

Price+$3spread +0.015% now, avg −0.013% → +0.028% if it goes back

Costs−$740.739% of $10k · taker + slippage, in and out

Result−$80−0.80%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / 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+0.015%

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

GDX on 9 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size20.1 / 17.9 bp
At $10k entering BingX costs 20.1 bp, fee and slippage, 1.1× Binance’s.
Note: Margin at max leverage— + $500
BingX —, Binance 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: −$1.50Long BingX: 3 payments, −$1.50; short Binance: 3 payments, $0.00.
OK: Entry gap works for you+0.015% vs −0.013%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$434K vs $929K OI
Binance sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · Binance 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−0.0043%/8h × 21 periods−$9.01

Price spread+0.015% → −0.013% (7d avg)+$2.76

Slippage, 4 orderslive order books−$55.95

Fee BingX bp × 2 orders−$10.00

Fee Binance bp × 2 orders−$8.00

Net · 7 days · $10k−$80.20

Costs to cover0.739%Break-evennever at this rate

Slippage: BingX: live order book, 7 min ago; Binance: live order book, 55 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX4.5220.1 bp−$2079.5 bp−$795159.8 bp−$16.0K745.0 bp−$372.5K

SELL · SHORTBinance3.9517.9 bp−$1889.8 bp−$898doesn’t fitdoesn’t fit

Closing costs about the same again.

GDX news

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09-21 13:35

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