Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 191.07 | −0.0031 | get 0.0004% / 1h | 58m 18s | $1.1M | $588K | 10x | Long QFEX | |
| SHORT | 191.38 | −0.0050 | pay 0.0050% / 8h | 7h 58m | $949K | $1.3M | — | Short BingX |
Price gap+0.162%
Funding gap−0.0019% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.103% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$19−0.0019% /8h now · paid −0.186% over the last 7D
Price−$10spread +0.162% now, avg +0.265% → −0.103% if it goes back
Costs−$630.627% of $10k · taker + slippage, in and out
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+0.162%
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 size16.5 / 16.9 bpAt $10k entering BingX costs 16.9 bp, fee and slippage, 1.0× QFEX’s.
- Note: Margin at max leverage$1,000 + —QFEX 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: −$0.56Long QFEX: 24 payments, +$0.94; short BingX: 3 payments, −$1.50.
- Watch: Gap narrower than usual+0.162% vs +0.265%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$949K vs $1.1M OIBingX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCQFEX 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−0.0088%/8h × 21 periods−$18.56
Price spread+0.162% → +0.265% (7d avg)−$10.31
Slippage, 4 orderslive order books−$32.73
Fee QFEX bp × 2 orders−$20.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$91.60
Costs to cover0.627%Break-evennever at this rate
Slippage: QFEX: live order book, 4 min ago; BingX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX1.8316.5 bp−$1722.5 bp−$225doesn’t fitdoesn’t fit
SELL · SHORTBingX2.6116.9 bp−$1749.9 bp−$499123.7 bp−$12.4K771.7 bp−$385.8K
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