Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 349.18 | +0.0050 | pay 0.0050% / 8h | 6h 37m | $972K | $1.6M | — | Long BingX | |
| SHORT | 348.33 | −0.1113 | pay 0.0139% / 1h | 37m 37s | $583K | $90K | 10x | Short tradeXYZ |
Price gap−0.243%
Funding gap−0.1163% /8h
Both sides work against this direction now: funding costs $35 a day on $10k and the gap is 0.109% 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−$17−0.1163% /8h now · paid −0.171% over the last 7D
Price−$11spread −0.243% now, avg −0.134% → −0.109% if it goes back
Costs−$1751.749% of $10k · taker + slippage, in and out
Result−$203−2.03%+ 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 −0.171% in total, about −0.0081%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.243%
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
1 ok · 5 to watch- Watch: Thin at this size38.1 / 70.2 bpAt $10k entering tradeXYZ costs 70.2 bp, fee and slippage, 1.8× BingX’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: −$34.88Long BingX: 3 payments, −$1.50; short tradeXYZ: 24 payments, −$33.38.
- Watch: Gap narrower than usual−0.243% vs −0.134%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$583K vs $972K 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−0.0081%/8h × 21 periods−$17.08
Price spread−0.243% → −0.134% (7d avg)−$10.93
Slippage, 4 orderslive order books−$163.09
Fee BingX bp × 2 orders−$10.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$202.90
Costs to cover1.749%Break-evennever at this rate
Slippage: BingX: live order book, 10 min ago; tradeXYZ: live order book, 25 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX15.3238.1 bp−$38114.3 bp−$1,143315.7 bp−$31.6K881.9 bp−$441.0K
SELL · SHORTtradeXYZ8.4570.2 bp−$70131.6 bp−$1,316doesn’t fitdoesn’t fit
Closing costs about the same again.