Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 916.63 | +0.0050 | pay 0.0050% / 8h | 4h 10m | $922K | $1.6M | — | Long BingX | |
| SHORT | 914.45 | 0 | 0.0000% / 1h | 10m 22s | $1.1M | $1.4M | 10x | Short QFEX |
Price gap−0.238%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.159% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$104−0.0050% /8h now · paid −1.040% over the last 7D
Price−$16spread −0.238% now, avg −0.078% → −0.159% if it goes back
Costs−$860.861% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.238%
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
/8hGS on 11 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size17.7 / 24.2 bpAt $10k entering QFEX costs 24.2 bp, fee and slippage, 1.4× BingX’s.
- Note: Margin at max leverage— + $1,000BingX —, QFEX 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: −$1.50Long BingX: 3 payments, −$1.50; short QFEX: 24 payments, $0.00.
- Watch: Gap narrower than usual−0.238% vs −0.078%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$922K vs $1.1M OIBingX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · QFEX 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−0.0495%/8h × 21 periods−$104.02
Price spread−0.238% → −0.078% (7d avg)−$15.93
Slippage, 4 orderslive order books−$56.11
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$206.07
Costs to cover0.861%Break-evennever at this rate
Slippage: BingX: live order book, 15 min ago; QFEX: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX2.2417.7 bp−$18108.3 bp−$1,083574.2 bp−$57.4K1028.1 bp−$514.1K
SELL · SHORTQFEX1.2024.2 bp−$2426.9 bp−$269doesn’t fitdoesn’t fit
Closing costs about the same again.
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