Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 189.40 | −0.0175 | get 0.0087% / 4h | 3h 39m | $407 | $323K | 10x | Long edgeX | |
| SHORT | 189.27 | −0.0050 | pay 0.0050% / 8h | 7h 39m | — | $1.3M | — | Short BingX |
Price gap−0.069%
Funding gap+0.0125% /8h
Funding pays +$4 a day on $10k, but the gap is 0.087% under its 7d average: −$9 if it goes back, about 2.3 days of funding.
Funding on this pair cost 0.506% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$51+0.0125% /8h now · paid −0.506% over the last 7D
Price−$9spread −0.069% now, avg +0.018% → −0.087% if it goes back
Costs−$520.520% of $10k · taker + slippage, in and out
Result−$111−1.11%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Entry / ExitedgeX: thin, under $1M open interest
Price spread
Prices
Fundingper 8h
P&L
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.069%
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 · 4 to watch- Watch: Thin at this size11.2 / 16.1 bpAt $10k entering BingX costs 16.1 bp, fee and slippage, 1.4× edgeX’s.
- Note: Margin at max leverage$1,000 + —edgeX 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$3.75Long edgeX: 6 payments, +$5.25; short BingX: 3 payments, −$1.50.
- Watch: Gap narrower than usual−0.069% vs +0.018%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Open interest unknown$407 vs — OIBingX reports no open interest, so the legs cannot be compared.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCedgeX 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−0.0241%/8h × 21 periods−$50.62
Price spread−0.069% → +0.018% (7d avg)−$8.74
Slippage, 4 orderslive order books−$32.97
Fee edgeX bp × 2 orders−$9.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$111.33
Costs to cover0.520%Break-evennever at this rate
Slippage: edgeX: live order book, 4 min ago; BingX: live order book, 18 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX4.2211.2 bp−$11doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX5.2716.1 bp−$1639.3 bp−$39396.0 bp−$9,598502.4 bp−$251.2K
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