Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,067.6 | +0.0377 | pay 0.0377% / 8h | 39m 24s | $900K | $6.5M | — | Long BingX | |
| SHORT | 1,066.6 | +0.0044 | get 0.0006% / 1h | 39m 24s | $8.0M | $16.5M | 10x | Short QFEX |
Price gap−0.089%
Funding gap−0.0333% /8h
Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.054% 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−$22−0.0333% /8h now · paid −0.219% over the last 7D
Price−$5spread −0.089% now, avg −0.035% → −0.054% if it goes back
Costs−$340.339% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.219% in total, about −0.0104%/8h on average.
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−0.089%
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
/8hMU on 40 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books5.0 / 12.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $1,000BingX —, QFEX 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: −$9.98Long BingX: 3 payments, −$11.31; short QFEX: 24 payments, +$1.33.
- Watch: Gap narrower than usual−0.089% vs −0.035%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$900K vs $8.0M OIBingX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · QFEX 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−0.0104%/8h × 21 periods−$21.93
Price spread−0.089% → −0.035% (7d avg)−$5.43
Slippage, 4 orderslive order books−$3.89
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$61.25
Costs to cover0.339%Break-evennever at this rate
Slippage: BingX: live order book, 13 min ago; QFEX: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.055.0 bp−$56.2 bp−$6211.8 bp−$1,18233.2 bp−$16.6K
SELL · SHORTQFEX1.6012.1 bp−$1212.2 bp−$12215.7 bp−$1,569doesn’t fit
Closing costs about the same again.
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