Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 392.01 | +0.0050 | pay 0.0050% / 8h | 2h 31m | $942K | $1.3M | — | Long BingX | |
| SHORT | 391.27 | 0 | 0.0000% / 1h | 31m 24s | $1.1M | $2.0M | 10x | Short QFEX |
Price gap−0.189%
Funding gap−0.0050% /8h
Funding costs $2 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$7−0.0050% /8h now · paid −0.067% over the last 7D
Price−$2spread −0.189% now, avg −0.170% → −0.019% if it goes back
Costs−$1211.213% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.189%
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
/8hPANW on 10 exchanges
lowest funding firstBefore you open
0 ok · 4 to watch- Watch: Thin at this size28.8 / 32.1 bpAt $10k entering QFEX costs 32.1 bp, fee and slippage, 1.1× BingX’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: −$1.50Long BingX: 3 payments, −$1.50; short QFEX: 24 payments, $0.00.
- Note: Gap at its usual level−0.189% vs −0.170%The price leg adds little either way.
- Watch: Long leg is thinner$942K 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−0.0032%/8h × 21 periods−$6.67
Price spread−0.189% → −0.170% (7d avg)−$1.87
Slippage, 4 orderslive order books−$91.33
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$129.87
Costs to cover1.213%Break-evennever at this rate
Slippage: BingX: live order book, 6 min ago; QFEX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX11.7928.8 bp−$2967.5 bp−$675143.8 bp−$14.4K623.7 bp−$311.9K
SELL · SHORTQFEX2.0532.1 bp−$3233.6 bp−$336doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-28 16:43 | Avantis | Other | 2/ Software and cybersecurity $PANW $FTNT $ADBE $ADSK $INTU $DDOG $WDAY $SHOP $PYPL $MELI $PDD $TTWO $DASH Application layer where the spend actually lives, is AI helping or harming these companies? @verantaxyz on X ↗ |
| 09-24 14:11 | Avantis | Listing | new market PANW/USD ($PANW) seen by our collector |

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