Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 24.000 | −0.0050 | get 0.0050% / 8h | 2h 12m | $904K | $1.2M | — | Long BingX | |
| SHORT | 23.903 | −0.0614 | pay 0.0077% / 1h | 12m 24s | $305K | $34K | 10x | Short tradeXYZ |
Price gap−0.404%
Funding gap−0.0564% /8h
The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $17 a day and eats that in about 10 hours. At the last 7 days' pace that is about 8.8 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$6−0.0564% /8h now · paid −0.056% over the last 7D
Price+$7spread −0.404% now, avg −0.474% → +0.070% if it goes back
Costs−$3443.443% of $10k · taker + slippage, in and out
Result−$343−3.43%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.056% in total, about −0.0027%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.404%
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
/8hNCLD on 5 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size115.2 / 59.5 bpAt $10k entering BingX costs 115.2 bp, fee and slippage, 1.9× tradeXYZ’s.
- Note: Margin at max leverage— + $1,000BingX —, tradeXYZ 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: −$16.91Long BingX: 3 payments, +$1.50; short tradeXYZ: 24 payments, −$18.41.
- OK: Entry gap works for you−0.404% vs −0.474%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$305K vs $904K OItradeXYZ sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · tradeXYZ 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−0.0027%/8h × 21 periods−$5.58
Price spread−0.404% → −0.474% (7d avg)+$6.99
Slippage, 4 orderslive order books−$332.48
Fee BingX bp × 2 orders−$10.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$342.87
Costs to cover3.443%Break-evennever at this rate
Slippage: BingX: live order book, 6 min ago; tradeXYZ: live order book, 38 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX10.44115.2 bp−$115doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ24.8059.5 bp−$5979.8 bp−$798doesn’t fitdoesn’t fit
Closing costs about the same again.