Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 353.34 | +0.0050 | pay 0.0050% / 8h | 4h 51m | $972K | $1.6M | — | Long BingX | |
| SHORT | 352.89 | +0.0087 | get 0.0011% / 1h | 51m 53s | $157K | $21K | 10x | Short Paragon |
Price gap−0.127%52s
Funding gap+0.0037% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.058% above its 7d average: +$6 more if it goes back.
Funding on this pair cost 0.810% over the last 7 days: the rate has only just turned. The two prices were read 52 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$81+0.0037% /8h now · paid −0.810% over the last 7D
Price—spread −0.127%52s now · prices read too far apart to compare
Costs−$1271.269% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.127%
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
/8hNET on 11 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size39.0 / 29.9 bpAt $10k entering BingX costs 39.0 bp, fee and slippage, 1.3× Paragon’s.
- Note: Margin at max leverage— + $1,000BingX —, Paragon 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: +$1.10Long BingX: 3 payments, −$1.50; short Paragon: 24 payments, +$2.60.
- Watch: Prices read 52 s apart−0.127% vs −0.186%Part of this gap may be the market moving.
- Watch: Short leg is thinner$157K vs $972K OIParagon sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Paragon 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−0.0386%/8h × 21 periods−$80.97
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$115.05
Fee BingX bp × 2 orders−$10.00
Fee Paragon bp × 2 orders−$1.80
Net · 7 days · $10k−$207.82
price spread not counted: prices read too far apartCosts to cover1.269%Break-evennever at this rate
Slippage: BingX: live order book, 3 min ago; Paragon: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX15.5639.0 bp−$39114.2 bp−$1,142280.2 bp−$28.0K753.8 bp−$376.9K
SELL · SHORTParagon29.0029.9 bp−$30122.9 bp−$1,229doesn’t fitdoesn’t fit
Closing costs about the same again.