Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 188.04 | −0.0050 | get 0.0050% / 8h | 25m 02s | $949K | $1.3M | — | Long BingX | |
| SHORT | 187.05 | +0.0578 | get 0.0289% / 4h | 25m 02s | $79 | $323K | 10x | Short edgeX |
Price gap−0.524%
Funding gap+0.0628% /8h
Funding pays +$19 a day on $10k, but the gap is 0.507% under its 7d average: −$51 if it goes back, about 2.7 days of funding. At the last 7 days' pace that is about 7.4 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$48+0.0628% /8h now · paid +0.478% over the last 7D
Price−$51spread −0.524% now, avg −0.018% → −0.507% if it goes back
Costs−$680.683% of $10k · taker + slippage, in and out
Result−$71−0.71%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.524%
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
1 ok · 5 to watch- Watch: Thin at this size19.2 / 11.6 bpAt $10k entering BingX costs 19.2 bp, fee and slippage, 1.7× edgeX’s.
- Note: Margin at max leverage— + $1,000BingX —, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$18.84Long BingX: 3 payments, +$1.50; short edgeX: 6 payments, +$17.34.
- Watch: Gap narrower than usual−0.524% vs −0.018%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$79 vs $949K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · edgeX 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+0.0228%/8h × 21 periods+$47.80
Price spread−0.524% → −0.018% (7d avg)−$50.67
Slippage, 4 orderslive order books−$49.33
Fee BingX bp × 2 orders−$10.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$71.19
Costs to cover0.683%Break-even17.4 days
Slippage: BingX: live order book, 4 min ago; edgeX: live order book, 32 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX6.1419.2 bp−$1940.5 bp−$40588.6 bp−$8,857442.5 bp−$221.3K
SELL · SHORTedgeX4.5111.6 bp−$12doesn’t fitdoesn’t fitdoesn’t fit
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