Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 24.302 | −0.0560 | get 0.0070% / 1h | 54m 38s | $310K | $145K | 10x | Long tradeXYZ | |
| SHORT | 24.400 | −0.0050 | pay 0.0050% / 8h | 2h 54m | $904K | $1.2M | — | Short BingX |
Price gap+0.403%
Funding gap+0.0510% /8h
Funding pays +$15 a day on $10k, but the gap is 0.064% under its 7d average: −$6 if it goes back, about 10 hours of funding. At the last 7 days' pace that is about 8.0 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$6+0.0510% /8h now · paid +0.056% over the last 7D
Price−$6spread +0.403% now, avg +0.467% → −0.064% if it goes back
Costs−$5175.169% of $10k · taker + slippage, in and out
Result−$518−5.18%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above 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+0.403%
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
1 ok · 5 to watch- Watch: Thin at this size86.2 / 140.7 bpAt $10k entering BingX costs 140.7 bp, fee and slippage, 1.6× tradeXYZ’s.
- Note: Margin at max leverage$1,000 + —tradeXYZ 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$15.31Long tradeXYZ: 24 payments, +$16.81; short BingX: 3 payments, −$1.50.
- Watch: Gap narrower than usual+0.403% vs +0.467%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$310K 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: KYCtradeXYZ No · BingX YesAdvanced 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+0.403% → +0.467% (7d avg)−$6.42
Slippage, 4 orderslive order books−$505.13
Fee tradeXYZ bp × 2 orders−$1.80
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$517.77
Costs to cover5.169%Break-even656.2 days
Slippage: tradeXYZ: live order book, 65 min ago; BingX: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ19.3986.2 bp−$86440.9 bp−$4,409doesn’t fitdoesn’t fit
SELL · SHORTBingX18.45140.7 bp−$141574.5 bp−$5,745doesn’t fitdoesn’t fit
Closing costs about the same again.