Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 253.84 | +0.0178 | pay 0.0178% / 8h | 6h 21m | $121K | $23K | 20x | Long Gate | |
| SHORT | 253.84 | +0.0833 | get 0.0833% / 8h | 6h 21m | $987K | $1.6M | — | Short BingX |
Price gap0.000%
Funding gap+0.0655% /8h
Funding pays +$20 a day on $10k, but the gap is 0.205% under its 7d average: −$20 if it goes back, about 25 hours of funding. At the last 7 days' pace that is about 11 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$13+0.0655% /8h now · paid +0.128% over the last 7D
Price−$20spread 0.000% now, avg +0.205% → −0.205% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$8−0.08%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.128% in total, about +0.0061%/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
Now0.000%
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
/8hJNJ on 5 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Gate’s order book right now.
- 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 / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$19.65Long Gate: 3 payments, −$5.34; short BingX: 3 payments, +$24.99.
- Watch: Gap narrower than usual0.000% vs +0.205%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$121K vs $987K OIGate sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCGate Yes · BingX YesKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0061%/8h × 21 periods+$12.82
Price spread0.000% → +0.205% (7d avg)−$20.47
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Gate bp × 2 orders−$15.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Gate: live order book, 10 min ago; BingX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGate0.20doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX2.1720.7 bp−$21206.5 bp−$2,065435.2 bp−$43.5K878.3 bp−$439.2K
Closing costs about the same again.