Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 186.93 | +0.0041 | pay 0.0005% / 1h | 20m 04s | $8K | $1.2M | 10x | Long Arcus5% off | |
| SHORT | 187.17 | −0.0050 | pay 0.0050% / 8h | 7h 20m | $949K | $1.3M | — | Short BingX |
Price gap+0.128%49s
Funding gap−0.0091% /8h
The gap pays +$12 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 4.3 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$28−0.0091% /8h now · paid −0.280% over the last 7D
Price—spread +0.128%49s now · prices read too far apart to compare
Costs−$740.745% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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+0.128%
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
/8hMRNA on 23 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size25.1 / 14.8 bpAt $10k entering Arcus costs 25.1 bp, fee and slippage, 1.7× BingX’s.
- Note: Margin at max leverage$1,000 + —Arcus 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$2.72Long Arcus: 24 payments, −$1.22; short BingX: 3 payments, −$1.50.
- Watch: Prices read 49 s apart+0.128% vs +0.011%Part of this gap may be the market moving.
- Watch: Long leg is thinner$8K vs $949K OIArcus sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCArcus No · BingX 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−0.0133%/8h × 21 periods−$27.95
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$59.98
Fee Arcus bp × 2 orders−$4.50
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$102.43
price spread not counted: prices read too far apartCosts to cover0.745%Break-evennever at this rate
Slippage: Arcus: live order book, 4 min ago; BingX: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGArcus7.5025.1 bp−$25doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX4.0114.8 bp−$1533.8 bp−$338112.1 bp−$11.2K697.5 bp−$348.8K
Closing costs about the same again.
| 09-18 17:43 | Avantis | Other | Biotech. $LLY — orals expanding the market, or trading injectable economics for cash-pay economics? $MRNA — Intismeran turns a per-patient therapy into a real franchise, or the readout bought optionality the balance sheet still has to finance? @verantaxyz on X ↗ |
Avantis