Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3.0210 | +0.0616 | pay 0.0308% / 4h | 3h 57m | $979K | $2.4M | — | Long BingX | |
| SHORT | 3.0169 | 0 | 0.0000% / 4h | 3h 57m | $2K | $830K | 20x | Short SunX≤10% back |
Price gap−0.136%
Funding gap−0.0616% /8h
Both sides work against this direction now: funding costs $18 a day on $10k and the gap is 0.180% 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−$71−0.0616% /8h now · paid −0.707% over the last 7D
Price−$18spread −0.136% now, avg +0.044% → −0.180% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$89−0.89%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.136%
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
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage— + $500BingX —, SunX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$18.48Long BingX: 6 payments, −$18.48; short SunX: 6 payments, $0.00.
- Watch: Gap narrower than usual−0.136% vs +0.044%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$2K vs $979K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · SunX 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−0.0337%/8h × 21 periods−$70.69
Price spread−0.136% → +0.044% (7d avg)−$18.01
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee BingX bp × 2 orders−$10.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: BingX: live order book, 16 min ago; SunX: live order book, 13 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX3.288.3 bp−$811.6 bp−$11623.9 bp−$2,38776.3 bp−$38.2K
SELL · SHORTSunX500.15doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | NATGAS/USD no longer reported ($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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