Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 188.18 | +0.0050 | pay 0.0006% / 1h | 56m 06s | $2.6M | $13.2M | 10x | Long tradeXYZ | |
| SHORT | 188.58 | −0.0050 | pay 0.0050% / 8h | 7h 56m | $949K | $1.3M | — | Short BingX |
Price gap+0.213%
Funding gap−0.0100% /8h
The gap pays +$17 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 5.6 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$24−0.0100% /8h now · paid −0.240% over the last 7D
Price+$17spread +0.213% now, avg +0.044% → +0.168% if it goes back
Costs−$380.380% of $10k · taker + slippage, in and out
Result−$45−0.45%+ 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+0.213%
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
2 ok · 4 to watch- Watch: Thin at this size7.1 / 16.2 bpAt $10k entering BingX costs 16.2 bp, fee and slippage, 2.3× tradeXYZ’s.
- Note: Margin at max leverage$1,000 + —tradeXYZ 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: −$3.00Long tradeXYZ: 24 payments, −$1.50; short BingX: 3 payments, −$1.50.
- OK: Entry gap works for you+0.213% vs +0.044%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short 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: KYCtradeXYZ 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−0.0114%/8h × 21 periods−$24.01
Price spread+0.213% → +0.044% (7d avg)+$16.83
Slippage, 4 orderslive order books−$26.18
Fee tradeXYZ bp × 2 orders−$1.80
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$45.16
Costs to cover0.380%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 11 min ago; BingX: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ1.857.1 bp−$711.1 bp−$111doesn’t fitdoesn’t fit
SELL · SHORTBingX2.3716.2 bp−$1649.5 bp−$495258.3 bp−$25.8K916.0 bp−$458.0K
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