Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 35.830 | +0.1536 | pay 0.1536% / 8h | 4h 09m | $357K | $1.3M | — | Long BingX | |
| SHORT | 35.580 | 0 | 0.0000% / 1h | 9m 44s | $1.3M | $432K | 10x | Short QFEX |
Price gap−0.698%57s
Funding gap−0.1536% /8h
Both sides work against this direction now: funding costs $46 a day on $10k and the gap is 0.173% under its 7d average. Swap the legs.
The two prices were read 57 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−$186−0.1536% /8h now · paid −1.864% over the last 7D
Price—spread −0.698%57s now · prices read too far apart to compare
Costs−$680.682% 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−0.698%
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
/8hNKE on 7 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size16.3 / 15.6 bpAt $10k entering BingX costs 16.3 bp, fee and slippage, 1.0× QFEX’s.
- Note: Margin at max leverage— + $1,000BingX —, QFEX 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: −$46.08Long BingX: 3 payments, −$46.08; short QFEX: 24 payments, $0.00.
- Watch: Prices read 57 s apart−0.698% vs −0.525%Part of this gap may be the market moving.
- Watch: Long leg is thinner$357K vs $1.3M OIBingX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · QFEX 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−0.0888%/8h × 21 periods−$186.45
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$38.18
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$254.63
price spread not counted: prices read too far apartCosts to cover0.682%Break-evennever at this rate
Slippage: BingX: live order book, 13 min ago; QFEX: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX3.9016.3 bp−$1641.4 bp−$414148.8 bp−$14.9K651.6 bp−$325.8K
SELL · SHORTQFEX5.6215.6 bp−$1622.0 bp−$220doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 10:05 | Binance | Listing | new market NKEUSDT ($NKE) seen by our collector |
| 09-28 19:52 | gTrade (Gains Network) | Listing | NKE/USD no longer reported ($NKE) seen by our collector |
| 09-28 16:00 | Binance | Other | The show runs 24/7. 🍿 📌 Tue: JOLTS, an early look at labor demand 📌 Fri: NFP & Unemployment, the big one for rate expectations 📌 Earnings: Micron (AI/chips), Nike (consumer), Accenture (tech services), Carnival (travel) & more This week on Binance. 👉 @binance on X ↗ |
| 09-28 03:30 | Gate | Other | What could move US stocks this week? PCE inflation and the September jobs report return to focus, while Micron earnings will test whether AI infrastructure demand remains strong. • Sep. 29: US JOLTS job openings • Sep. 30: US PCE inflation + Micron earnings • Oct. 1: Accenture + Nike earnings • Oct. 2: US September jobs report Can AI stocks stay strong if Treasury yields rise again, and will consumer demand remain resilient? Read the full outlook: @Gate on X ↗ |
| 09-26 14:34 | Backpack | Other | Earnings & macro events to watch for the week of September 28. ▸ Earnings: $MU $NKE $ACN $CCL $KMX $JBL ▸ Macro: US PCE inflation, JOLTS job openings, ISM manufacturing, September jobs report Full market calendar → @Backpack on X ↗ |
| 09-25 23:00 | Kalshi | Other | JUST IN: Nike stock hits new 12-year low @Kalshi on X ↗ |
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