Funding arb · Price arb / RWA

IBIT

RWAAll IBIT markets →

LONGGate▾Gate 0.0000%

⇄⇅

SHORTBingX▾BingX +0.1043%

Backtest 30d

☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GateIBIT_USDT	43.120	0	0.0000% / 8h	7h 45m	$126K	$2K	20x	Long Gate
SHORT	BingXNCSKIBIT2USD-USDT	43.190	+0.1043	get 0.1043% / 8h	7h 45m	$275K	$370K	—	Short BingX

Price gap+0.162%

Funding gap+0.1043% /8h

Both sides work: funding pays +$31 a day on $10k, and the gap is 0.044% above its 7d average: +$4 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.056% in total, about +0.0027%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.162%

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

24H3D7D14D30D90D

GateBingX

IBIT on 6 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

• !
  Watch: Thin at this size103.0 / 8.5 bp

  At $10k entering Gate costs 103.0 bp, fee and slippage, 12.1× BingX’s.
• i
  Note: Margin at max leverage$500 + —

  Gate 20x, BingX —. 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.

  Long Gate · 8h$0.00

  Short BingX · 8h+$31.29

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$31.29Long Gate: 3 payments, $0.00; short BingX: 3 payments, +$31.29.
• ✓
  OK: Entry gap works for you+0.162% vs +0.118%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Long leg is thinner$126K vs $275K OI

  Gate sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCGate Yes · BingX Yes

  KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0027%/8h × 21 periods+$5.60

Price spread+0.162% → +0.118% (7d avg)+$4.45

Slippage, 4 orderslive order books−$195.58

Fee Gate bp × 2 orders−$15.00

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$210.53

Costs to cover2.206%Break-even270.2 days

Slippage: Gate: live order book, 28 min ago; BingX: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGGate33.59103.0 bp−$103doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTBingX3.488.5 bp−$817.2 bp−$17289.5 bp−$8,953647.0 bp−$323.5K

Closing costs about the same again.

Alert

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Tell me when it goes above%/8hNot more often than everymin

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IBIT news

posts that mention IBIT or iShares Bitcoin Trust, from every exchange

Search all news →

11-05 09:22	ApeX Omni	Other	bitcoin:native $80,457, ethereum:native $2,419, both up on the day. US spot bitcoin ETFs took in $74.6M on 4 Nov, ending three sessions and $1.16B of outflows, though IBIT still lost $201M while FBTC added $237M. Around $378M of shorts were liquidated in an hour. Fear and greed is back to 50. @OfficialApeXdex on X ↗
11-03 10:01	ApeX Omni	Other	bitcoin:native $76,532, ethereum:native $2,254. US spot bitcoin ETFs shed $399M on 2 Nov and ether funds $140M, with $IBIT alone $405M out, its worst day since June. Chip stocks led the @Nasdaq lower and the US midterms are today. Fear and greed is 26, down from 51 on Thursday. @OfficialApeXdex on X ↗
10-26 06:49	BingX	Other	#BingXBuzz 🚨 📊 $ZEC ETF extends a 3-day inflow streak, spot $BTC ETFs shed $138M on the same day ⚡ @LidoFinance opens larger Ethereum validators, operators post a separate 32 $ETH bond 🇨🇦 Canada proposes direct stablecoin cash-outs for small holders, fees capped at 1% 🏦 @BlackRock IBIT tops $65B in lifetime inflows, @Grayscale GBTC sits near $28B in outflows @BingXOfficial on X ↗
10-21 06:08	BingX	Other	#BingXBuzz 🚨 📊 Spot $BTC ETFs hit $526.7M in a day, best since Sept. 22, @BlackRock's IBIT did all the buying 🏛️ @Ripple backs the SEC's Regulation Crypto Assets after its $150M legal fight, pushes key changes 🇨🇭 FINMA approves Switzerland's first retail fund holding $BTC directly, diversification rules waived 📈 Dow jumps 1.02% to 52,495.88 on a healthcare rally, Nasdaq flat at 26,424.82 @BingXOfficial on X ↗
10-20 08:13	ApeX Omni	Other	Oil cracked. WTI -4.7% is the biggest move on the tape. bitcoin:native $81,703 -1.3%, ethereum:native $2,395 -1.5%, while $NDAQ added 1.1%. $527M went into spot bitcoin ETFs, the best day since September, with IBIT alone taking $665M. Fear and greed 55. @OfficialApeXdex on X ↗
10-08 10:35	ApeX Omni	Other	Oil did this. WTI +3.8% on an Iran strike report, and crypto wore it. bitcoin:native broke $83,000, bottoming at $82,196. $547M of positions liquidated, and $487M left spot bitcoin ETFs yesterday, IBIT alone losing $208M. Fear and greed 64, from 73 on Tuesday. @OfficialApeXdex on X ↗