Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 187.10 | −0.0050 | get 0.0050% / 8h | 7h 10m | $949K | $1.3M | — | Long BingX | |
| SHORT | 186.87 | +0.0087 | get 0.0011% / 1h | 10m 59s | $2.6M | $12.8M | 10x | Short tradeXYZ |
Price gap−0.123%
Funding gap+0.0137% /8h
Funding pays +$4 a day on $10k, but the gap is 0.078% under its 7d average: −$8 if it goes back, about 45 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$24+0.0137% /8h now · paid +0.241% over the last 7D
Price−$8spread −0.123% now, avg −0.045% → −0.078% if it goes back
Costs−$400.397% of $10k · taker + slippage, in and out
Result−$23−0.23%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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−0.123%
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 size15.4 / 4.8 bpAt $10k entering BingX costs 15.4 bp, fee and slippage, 3.2× tradeXYZ’s.
- Note: Margin at max leverage— + $1,000BingX —, tradeXYZ 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$4.10Long BingX: 3 payments, +$1.50; short tradeXYZ: 24 payments, +$2.60.
- Watch: Gap narrower than usual−0.123% vs −0.045%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$949K vs $2.6M OIBingX sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · tradeXYZ 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+0.0115%/8h × 21 periods+$24.05
Price spread−0.123% → −0.045% (7d avg)−$7.76
Slippage, 4 orderslive order books−$27.90
Fee BingX bp × 2 orders−$10.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$23.41
Costs to cover0.397%Break-even13.8 days
Slippage: BingX: live order book, 3 min ago; tradeXYZ: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX4.5415.4 bp−$1550.6 bp−$506195.3 bp−$19.5K1102.5 bp−$551.2K
SELL · SHORTtradeXYZ0.804.8 bp−$59.6 bp−$96doesn’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