Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 19.910 | +0.0463 | pay 0.0463% / 8h | 5h 59m | $915K | $1.6M | — | Long BingX | |
| SHORT | 19.880 | 0 | 0.0000% / 8h | 5h 59m | — | $805K | 10x | Short SunX≤10% back |
Price gap−0.151%
Funding gap−0.0463% /8h
Both sides work against this direction now: funding costs $14 a day on $10k and the gap is 0.088% 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−$21−0.0463% /8h now · paid −0.213% over the last 7D
Price−$9spread −0.151% now, avg −0.062% → −0.088% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$30−0.30%no pointscosts unknown: book too thin at $10k · What 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 −0.213% in total, about −0.0101%/8h on average.
Price and funding
1h · historyEntry / ExitBingX: thin, under $1M open interest
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−0.151%
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 · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage— + $1,000BingX —, SunX 10x. 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: −$13.89Long BingX: 3 payments, −$13.89; short SunX: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.151% vs −0.062%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner— vs $915K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · SunX 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−0.0101%/8h × 21 periods−$21.28
Price spread−0.151% → −0.062% (7d avg)−$8.84
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee BingX bp × 2 orders−$10.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: BingX: live order book, 15 min ago; SunX: live order book, 26 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX2.527.5 bp−$87.5 bp−$7517.8 bp−$1,78075.2 bp−$37.6K
SELL · SHORTSunX901.33doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.