Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 44.239 | +0.0196 | pay 0.0025% / 1h | 42m 05s | $94K | $187K | 10x | Long Entropy | |
| SHORT | 44.290 | +0.0822 | get 0.0822% / 8h | 6h 42m | $912K | $1.2M | — | Short BingX |
Price gap+0.115%50s
Funding gap+0.0626% /8h
Both sides work: funding pays +$19 a day on $10k, and the gap is 0.146% above its 7d average: +$15 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1+0.0626% /8h now · paid −0.008% over the last 7D
Price—spread +0.115%50s now · prices read too far apart to compare
Costs−$280.276% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.008% in total, about −0.0004%/8h on average.
Price and funding
1h · historyEntry / 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+0.115%
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
/8hIONQ on 13 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Large against open interest5.6 / 8.7 bp$10k is over 10% of Entropy’s open interest.
- Note: Margin at max leverage$1,000 + —Entropy 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$18.77Long Entropy: 24 payments, −$5.89; short BingX: 3 payments, +$24.66.
- Watch: Prices read 50 s apart+0.115% vs −0.031%Part of this gap may be the market moving.
- Watch: Long leg is thinner$94K vs $912K OIEntropy sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCEntropy No · BingX YesAdvanced 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−0.0004%/8h × 21 periods−$0.82
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$15.77
Fee Entropy bp × 2 orders−$1.80
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$28.39
price spread not counted: prices read too far apartCosts to cover0.276%Break-evennever at this rate
Slippage: Entropy: live order book, 19 min ago; BingX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGEntropy3.285.6 bp−$6639.1 bp−$6,391doesn’t fitdoesn’t fit
SELL · SHORTBingX1.138.7 bp−$920.5 bp−$205161.4 bp−$16.1K758.8 bp−$379.4K
Closing costs about the same again.