Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 331.95 | +0.0136 | pay 0.0136% / 8h | 37m 52s | $949K | $1.6M | — | Long BingX | |
| SHORT | 331.71 | +0.0050 | get 0.0006% / 1h | 37m 52s | $1.1M | $1.2M | 10x | Short QFEX |
Price gap−0.072%
Funding gap−0.0086% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.047% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$8−0.0086% /8h now · paid −0.078% over the last 7D
Price−$5spread −0.072% now, avg −0.026% → −0.047% if it goes back
Costs−$1871.873% of $10k · taker + slippage, in and out
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−0.072%
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
/8hJPM on 15 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size6.0 / 122.8 bpAt $10k entering QFEX costs 122.8 bp, fee and slippage, 20.5× BingX’s.
- Note: Margin at max leverage— + $1,000BingX —, QFEX 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: −$2.59Long BingX: 3 payments, −$4.09; short QFEX: 24 payments, +$1.50.
- Watch: Gap narrower than usual−0.072% vs −0.026%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$949K vs $1.1M OIBingX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · QFEX 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−0.0037%/8h × 21 periods−$7.80
Price spread−0.072% → −0.026% (7d avg)−$4.65
Slippage, 4 orderslive order books−$157.30
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$199.76
Costs to cover1.873%Break-evennever at this rate
Slippage: BingX: live order book, 10 min ago; QFEX: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.156.0 bp−$617.3 bp−$173164.8 bp−$16.5K799.7 bp−$399.9K
SELL · SHORTQFEX39.19122.8 bp−$123131.0 bp−$1,310doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market JPM/USD ($JPM) seen by our collector |
gTrade (Gains Network)