Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 157.17 | +0.0203 | pay 0.0203% / 8h | 4h 11m | $911K | $9.6M | — | Long BingX | |
| SHORT | 155.85 | −0.0493 | pay 0.0062% / 1h | 11m 46s | $186K | $975K | 10x | Short Arcus5% off |
Price gap−0.840%45s
Funding gap−0.0696% /8h
Both sides work against this direction now: funding costs $21 a day on $10k and the gap is 0.784% under its 7d average. Swap the legs.
The two prices were read 45 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−$64−0.0696% /8h now · paid −0.644% over the last 7D
Price—spread −0.840%45s now · prices read too far apart to compare
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.840%
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
/8hMSTR on 35 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Arcus’s order book right now.
- Note: Margin at max leverage— + $1,000BingX —, Arcus 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: −$20.87Long BingX: 3 payments, −$6.09; short Arcus: 24 payments, −$14.78.
- Watch: Prices read 45 s apart−0.840% vs −0.056%Part of this gap may be the market moving.
- Watch: Short leg is thinner$186K vs $911K OIArcus sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Arcus 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−0.0307%/8h × 21 periods−$64.39
Price spreadprices read too far apart to compare—
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee BingX bp × 2 orders−$10.00
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k—
doesn’t fit the books at $10kprice spread not counted: prices read too far apartCosts to cover—Break-even—
Slippage: BingX: live order book, 6 min ago; Arcus: live order book, 66 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.956.0 bp−$66.9 bp−$6914.1 bp−$1,41264.2 bp−$32.1K
SELL · SHORTArcus63.46doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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