Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 45.730 | +0.1381 | pay 0.1381% / 8h | 4h 11m | $989K | $1.7M | — | Long BingX | |
| SHORT | 45.760 | 0 | 0.0000% / 8h | 4h 11m | — | $1.2M | 10x | Short SunX≤10% back |
Price gap+0.066%55s
Funding gap−0.1381% /8h
Both sides work against this direction now: funding costs $41 a day on $10k and the gap is 0.510% under its 7d average. Swap the legs.
The two prices were read 55 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$22−0.1381% /8h now · paid −0.223% over the last 1 day (all we have)
Price—spread +0.066%55s now · prices read too far apart to compare
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.066%
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
/8hMP on 6 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: −$41.43Long BingX: 3 payments, −$41.43; short SunX: 3 payments, $0.00.
- Watch: Prices read 55 s apart+0.066% vs +0.575%Part of this gap may be the market moving.
- Watch: Short leg is thinner— vs $989K 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−0.0640%/8h × 21 periods−$134.43
Price spreadprices read too far apart to compare—
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 $10kprice spread not counted: prices read too far apartCosts to cover—Break-even—
Slippage: BingX: live order book, 14 min ago; SunX: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX15.3442.0 bp−$42190.9 bp−$1,909372.2 bp−$37.2K832.2 bp−$416.1K
SELL · SHORTSunX157.55doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
HTX
Binance