Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 20.690 | +0.0446 | pay 0.0446% / 8h | 1h 44m | $915K | $1.7M | — | Long BingX | |
| SHORT | 20.651 | 0 | 0.0000% / 1h | 44m 56s | $12K | $283K | 5x | Short Extended10% off |
Price gap−0.190%
Funding gap−0.0446% /8h
Both sides work against this direction now: funding costs $13 a day on $10k and the gap is 0.142% 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−$22−0.0446% /8h now · paid −0.224% over the last 7D
Price−$14spread −0.190% now, avg −0.048% → −0.142% if it goes back
Costs−$250.255% of $10k · taker + slippage, in and out
Result−$62−0.62%+ Points / potential airdropExtended: 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 −0.224% in total, about −0.0107%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.190%
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
/8hKORU on 19 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Large against open interest7.4 / 5.3 bp$10k is over 10% of Extended’s open interest.
- Note: Margin at max leverage— + $2,000BingX —, Extended 5x. 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: −$13.38Long BingX: 3 payments, −$13.38; short Extended: 24 payments, $0.00.
- Watch: Gap narrower than usual−0.190% vs −0.048%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$12K vs $915K OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · Extended 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−0.0107%/8h × 21 periods−$22.42
Price spread−0.190% → −0.048% (7d avg)−$14.16
Slippage, 4 orderslive order books−$10.50
Fee BingX bp × 2 orders−$10.00
Fee Extended bp × 2 orders−$5.00
Net · 7 days · $10k−$62.08
Costs to cover0.255%Break-evennever at this rate
Slippage: BingX: live order book, 6 min ago; Extended: live order book, 14 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX2.427.4 bp−$77.4 bp−$7419.4 bp−$1,93574.4 bp−$37.2K
SELL · SHORTExtended2.675.3 bp−$58.1 bp−$81doesn’t fitdoesn’t fit
Closing costs about the same again.