Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 137.37 | +0.0466 | pay 0.0466% / 8h | 4h 10m | $952K | $2.1M | — | Long BingX | |
| SHORT | 137.35 | +0.0214 | get 0.0027% / 1h | 10m 49s | $104K | $36K | 10x | Short Arcus5% off |
Price gap−0.015%45s
Funding gap−0.0252% /8h
The gap pays +$6 on $10k if it goes back to its 7d average, but funding costs $8 a day and eats that in about 19 hours.
The two prices were read 45 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−$54−0.0252% /8h now · paid −0.538% over the last 7D
Price—spread −0.015%45s now · prices read too far apart to compare
Costs−$310.311% 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−0.015%
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
/8hORCL on 30 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books7.8 / 7.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $1,000BingX —, Arcus 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: −$7.57Long BingX: 3 payments, −$13.98; short Arcus: 24 payments, +$6.41.
- Watch: Prices read 45 s apart−0.015% vs −0.073%Part of this gap may be the market moving.
- Watch: Short leg is thinner$104K vs $952K OIArcus sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Arcus 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−0.0256%/8h × 21 periods−$53.77
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$16.60
Fee BingX bp × 2 orders−$10.00
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k−$84.87
price spread not counted: prices read too far apartCosts to cover0.311%Break-evennever at this rate
Slippage: BingX: live order book, 1 min ago; Arcus: live order book, just nowCost to enter
taker + slippage from mid, one sideBUY · LONGBingX1.827.8 bp−$813.0 bp−$13040.3 bp−$4,026doesn’t fit
SELL · SHORTArcus1.827.6 bp−$87.7 bp−$77doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 09-28 17:30 | Vest Markets | Other | Oracle's AI financing model is drawing fresh skepticism, with $ORCL down around 2.7% on the session. S&P lowered the credit rating to BBB-, the shares drew a Sell rating this morning, and five-year default swaps reached a record 227 basis points last week. The $18B of debt tied to Project Jupiter is quoted near 89 cents on the dollar, with about half of Oracle's $664B backlog tied to OpenAI. @VestExchange on X ↗ |
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| 09-25 03:59 | Kalshi | Other | JUST IN: Oracle's "investment grade" bond closed at 8.10%, in line with B3/B- junk @Kalshi on X ↗ |
| 09-24 13:30 | Vest Markets | Other | $ORCL is down around 5.4% into the open, with a reported force majeure notice to its New Mexico data center developer. The notice goes to developer Blue Owl on Project Jupiter, seeking to defer payments if the 1,400-acre campus behind Oracle's OpenAI capacity deal slips past 2028. Trade $ORCL volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗ |
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