Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 12.290 | +0.0050 | pay 0.0050% / 8h | 3h 02m | $942K | $1.6M | — | Long BingX | |
| SHORT | 12.270 | 0 | 0.0000% / 8h | 3h 02m | $419K | $36K | 20x | Short Phemex |
Price gap−0.163%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.130% 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−$12−0.0050% /8h now · paid −0.122% over the last 7D
Price−$13spread −0.163% now, avg −0.033% → −0.130% if it goes back
Costs−$2442.443% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.163%
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
/8hMARA on 11 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size37.0 / 90.9 bpAt $10k entering Phemex costs 90.9 bp, fee and slippage, 2.5× BingX’s.
- Note: Margin at max leverage— + $500BingX —, Phemex 20x. 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: −$1.50Long BingX: 3 payments, −$1.50; short Phemex: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.163% vs −0.033%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$419K vs $942K OIPhemex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Phemex 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−0.0058%/8h × 21 periods−$12.21
Price spread−0.163% → −0.033% (7d avg)−$13.02
Slippage, 4 orderslive order books−$222.29
Fee BingX bp × 2 orders−$10.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$269.52
Costs to cover2.443%Break-evennever at this rate
Slippage: BingX: live order book, 8 min ago; Phemex: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX12.2837.0 bp−$37110.2 bp−$1,102213.3 bp−$21.3K648.5 bp−$324.3K
SELL · SHORTPhemex12.2190.9 bp−$91299.4 bp−$2,994doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market MARA/USD ($MARA) seen by our collector |
gTrade (Gains Network)