Settings8H · net · $10k
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Funding arb · Price arb / RWA

HANMI

RWAAll HANMI markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BingXNCSKHANMI2USD-USDT
120.08+0.0100pay 0.0050% / 4h3h 45m$972K$689K—Long BingX
SHORT
MEXCHANMISTOCK_USDT
120.23−0.4436pay 0.2218% / 4h3h 45m$34K$120K20xShort MEXC
Price gap+0.125%
Funding gap−0.4536% /8h

The gap pays +$11 on $10k if it goes back to its 7d average, but funding costs $136 a day and eats that in about 2 hours. At the last 7 days' pace that is about 40 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$48−0.4536% /8h now · paid −0.476% over the last 7D
Price+$11spread +0.125% now, avg +0.010% → +0.115% if it goes back
Costs−$3763.757% of $10k · taker + slippage, in and out
Result−$412−4.12%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.476% in total, about −0.0227%/8h on average.

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+0.125%
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

HANMI on 12 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size36.0 / 123.5 bp
    At $10k entering MEXC costs 123.5 bp, fee and slippage, 3.4× BingX’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 interval4h / 4h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$136.08Long BingX: 6 payments, −$3.00; short MEXC: 6 payments, −$133.08.
  • OK: Entry gap works for you+0.125% vs +0.010%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$34K vs $972K 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−0.0227%/8h × 21 periods−$47.63
Price spread+0.125% → +0.010% (7d avg)+$11.47
Slippage, 4 orderslive order books−$361.71
Fee BingX bp × 2 orders−$10.00
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$411.87
Costs to cover3.757%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 · LONGBingX8.7336.0 bp−$36344.0 bp−$3,440592.1 bp−$59.2K944.5 bp−$472.3K
SELL · SHORTMEXC23.46123.5 bp−$124271.2 bp−$2,712doesn’t fitdoesn’t fit

Closing costs about the same again.

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