Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 118.51 | +0.0457 | pay 0.0457% / 8h | 1h 48m | $926K | $8.4M | — | Long BingX | |
| SHORT | 118.47 | +0.0123 | get 0.0015% / 1h | 48m 20s | $99.0M | $24.2M | 10x | Short tradeXYZ |
Price gap−0.034%
Funding gap−0.0334% /8h
The gap pays +$2 on $10k if it goes back to its 7d average, but funding costs $10 a day and eats that in about 5 hours. At the last 7 days' pace that is about 20 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$19−0.0334% /8h now · paid −0.186% over the last 7D
Price+$2spread −0.034% now, avg −0.056% → +0.023% if it goes back
Costs−$160.159% of $10k · taker + slippage, in and out
Result−$32−0.32%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.186% in total, about −0.0088%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.034%
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
/8hINTC on 36 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books6.1 / 1.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $1,000BingX —, tradeXYZ 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: −$10.01Long BingX: 3 payments, −$13.71; short tradeXYZ: 24 payments, +$3.70.
- OK: Entry gap works for you−0.034% vs −0.056%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$926K vs $99.0M OIBingX sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · tradeXYZ 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−0.0088%/8h × 21 periods−$18.58
Price spread−0.034% → −0.056% (7d avg)+$2.26
Slippage, 4 orderslive order books−$4.13
Fee BingX bp × 2 orders−$10.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$32.24
Costs to cover0.159%Break-evennever at this rate
Slippage: BingX: live order book, 9 min ago; tradeXYZ: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.426.1 bp−$68.7 bp−$8720.6 bp−$2,06395.0 bp−$47.5K
SELL · SHORTtradeXYZ0.421.3 bp−$14.7 bp−$4711.4 bp−$1,14360.4 bp−$30.2K
Closing costs about the same again.
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