Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 509.99 | −0.0220 | get 0.0028% / 1h | 12m 01s | $114K | $175K | 25x | Long Injective | |
| SHORT | 510.30 | −0.0050 | pay 0.0050% / 8h | 3h 12m | $995K | $1.7M | — | Short BingX |
Price gap+0.061%72s
Funding gap+0.0170% /8h
Both sides work: funding pays +$5 a day on $10k, and the gap is 0.116% above its 7d average: +$12 more if it goes back.
Funding on this pair cost 0.561% over the last 7 days: the rate has only just turned. The two prices were read 72 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$56+0.0170% /8h now · paid −0.561% over the last 7D
Price—spread +0.061%72s now · prices read too far apart to compare
Costs−$310.313% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.061%
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
/8hMSFT on 35 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books10.2 / 5.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$400 + —Injective 25x, 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: +$5.10Long Injective: 24 payments, +$6.60; short BingX: 3 payments, −$1.50.
- Watch: Prices read 72 s apart+0.061% vs −0.055%Part of this gap may be the market moving.
- Watch: Long leg is thinner$114K vs $995K OIInjective sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCInjective 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−0.0267%/8h × 21 periods−$56.10
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$21.30
Fee Injective bp × 2 orders−$0.02
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$87.42
price spread not counted: prices read too far apartCosts to cover0.313%Break-evennever at this rate
Slippage: Injective: live order book, 60 min ago; BingX: live order book, 14 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGInjective10.1410.2 bp−$108128.2 bp−$81.3K171278.4 bp−$17.13M896387.1 bp−$448.19M
SELL · SHORTBingX0.105.8 bp−$68.9 bp−$8922.1 bp−$2,20974.6 bp−$37.3K
Closing costs about the same again.
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