Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3.0380 | +0.0630 | pay 0.0315% / 4h | 3m 42s | $979K | $2.5M | — | Long BingX | |
| SHORT | 3.0390 | +0.0020 | get 0.0003% / 1h | 3m 42s | $1.5M | $7.9M | 20x | Short QFEX |
Price gap+0.033%
Funding gap−0.0610% /8h
The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $18 a day and eats that in about 9 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$71−0.0610% /8h now · paid −0.713% over the last 7D
Price+$7spread +0.033% now, avg −0.039% → +0.072% if it goes back
Costs−$300.298% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.033%
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
/8hNATGAS on 26 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- OK: Fits both order books8.3 / 6.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $500BingX —, QFEX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$18.29Long BingX: 6 payments, −$18.90; short QFEX: 24 payments, +$0.61.
- OK: Entry gap works for you+0.033% vs −0.039%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$979K vs $1.5M 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−0.0340%/8h × 21 periods−$71.32
Price spread+0.033% → −0.039% (7d avg)+$7.18
Slippage, 4 orderslive order books−$9.85
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$10.00
Net · 7 days · $10k−$93.99
Costs to cover0.298%Break-evennever at this rate
Slippage: BingX: live order book, 10 min ago; QFEX: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX3.288.3 bp−$811.6 bp−$11623.9 bp−$2,38776.3 bp−$38.2K
SELL · SHORTQFEX1.646.6 bp−$76.6 bp−$6610.1 bp−$1,013doesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | NATGAS/USD no longer reported ($NATGAS) seen by our collector |
| 09-17 19:02 | tradeXYZ | Other | CVX references 1 share of Chevron Corporation common stock (NYSE: CVX), quoted in USD. Chevron produces crude oil and natural gas and manufactures transportation fuels, lubricants, and petrochemicals. @tradexyz on X ↗ |
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