Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 38.060 | +0.0195 | pay 0.0195% / 8h | 4h 09m | $977K | $1.2M | — | Long BingX | |
| SHORT | 37.960 | 0 | 0.0000% / 1h | 9m 44s | $1.1M | $223K | 10x | Short QFEX |
Price gap−0.263%57s
Funding gap−0.0195% /8h
Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.210% 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−$38−0.0195% /8h now · paid −0.375% over the last 7D
Price—spread −0.263%57s now · prices read too far apart to compare
Costs−$760.758% 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−0.263%
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
/8hNVO on 12 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size22.5 / 15.3 bpAt $10k entering BingX costs 22.5 bp, fee and slippage, 1.5× 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: −$5.85Long BingX: 3 payments, −$5.85; short QFEX: 24 payments, $0.00.
- Watch: Prices read 57 s apart−0.263% vs −0.052%Part of this gap may be the market moving.
- Watch: Long leg is thinner$977K vs $1.1M 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−0.0179%/8h × 21 periods−$37.54
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$45.77
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$113.31
price spread not counted: prices read too far apartCosts to cover0.758%Break-evennever at this rate
Slippage: BingX: live order book, 11 min ago; QFEX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX6.5622.5 bp−$2272.1 bp−$721794.9 bp−$79.5K1182.2 bp−$591.1K
SELL · SHORTQFEX2.6315.3 bp−$1520.9 bp−$209doesn’t fitdoesn’t fit
Closing costs about the same again.