Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 240.16 | +0.0225 | pay 0.0225% / 8h | 1h 04m | $994K | $2.3M | — | Long BingX | |
| SHORT | 239.68 | +0.0050 | get 0.0006% / 1h | 4m 38s | $9.2M | $2.0M | 15x | Short Entropy |
Price gap−0.200%
Funding gap−0.0175% /8h
Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 0.141% under its 7d average. Swap the legs.
Funding on this pair paid 0.201% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$20−0.0175% /8h now · paid +0.201% over the last 7D
Price−$14spread −0.200% now, avg −0.059% → −0.141% if it goes back
Costs−$230.233% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.200%
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
/8hNBIS on 32 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books6.7 / 3.7 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $667BingX —, Entropy 15x. 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: −$5.25Long BingX: 3 payments, −$6.75; short Entropy: 24 payments, +$1.50.
- Watch: Gap narrower than usual−0.200% vs −0.059%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$994K vs $9.2M OIBingX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Entropy 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+0.0095%/8h × 21 periods+$20.05
Price spread−0.200% → −0.059% (7d avg)−$14.07
Slippage, 4 orderslive order books−$11.51
Fee BingX bp × 2 orders−$10.00
Fee Entropy bp × 2 orders−$1.80
Net · 7 days · $10k−$17.33
Costs to cover0.233%Break-even13.0 days
Slippage: BingX: live order book, 13 min ago; Entropy: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.216.7 bp−$711.8 bp−$11853.9 bp−$5,392217.1 bp−$108.6K
SELL · SHORTEntropy0.423.7 bp−$411.5 bp−$11576.8 bp−$7,675doesn’t fit
Closing costs about the same again.
| 09-24 16:13 | Entropy | Other | $NBIS max leverage has been increased to 15x. @entropyIO on X ↗ |
| 09-24 15:30 | Vest Markets | Other | Trade $NBIS volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗ |
| 09-24 15:30 | Vest Markets | Other | $NBIS is drawing buyers on its October 1 AI compute price increases, with the stock up around 6% on the session. The increases run 17% to 21% on on-demand $NVDA GPU instances, covering the H100 through B300 lines, the second round in three months. BNP Paribas Exane raised its rating to Outperform today, with a $399 price target, from $260, citing that pricing power. @VestExchange on X ↗ |
| 09-22 19:31 | Vest Markets | Other | Heading into the close, CoreWeave's Remote Key Encryption counts $IBM as a launch partner, with $CRWV up around 1.6%. Rothschild & Co Redburn started $CRWV at Sell with a $54 price target, and $NBIS at Sell with an $84 price target, alongside six AI-focused miners at Neutral. Trade $CRWV volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗ |
| 09-21 16:30 | Vest Markets | Other | AI cloud names are extending last week's rally, with $NBIS up around 4.4% on the session. Rothschild & Co Redburn started coverage at Sell, flagging cyclically inflated AI valuations and credit-market stress for the neocloud group. $NBIS has still added about 118% over the past twelve months, and trades about 22% below its 52-week high. @VestExchange on X ↗ |
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market NBIS/USD ($NBIS) seen by our collector |

gTrade (Gains Network)