Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 12.428 | +0.0098 | pay 0.0098% / 8h | 2h 33m | $107K | $70K | 20x | Long Binance | |
| SHORT | 12.430 | +0.1476 | get 0.1476% / 8h | 2h 33m | $298K | $1.2M | — | Short BingX |
Price gap+0.015%
Funding gap+0.1378% /8h
Funding pays +$41 a day on $10k, but the gap is 0.041% under its 7d average: −$4 if it goes back, about 2 hours of funding. At the last 7 days' pace that is about 21 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$32+0.1378% /8h now · paid +0.323% over the last 7D
Price−$4spread +0.015% now, avg +0.056% → −0.041% if it goes back
Costs−$2482.479% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.323% in total, about +0.0154%/8h on average.
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
/8hPATH on 10 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size112.6 / 35.0 bpAt $10k entering Binance costs 112.6 bp, fee and slippage, 3.2× BingX’s.
- Note: Margin at max leverage$500 + —Binance 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$41.33Long Binance: 3 payments, −$2.95; short BingX: 3 payments, +$44.28.
- Watch: Gap narrower than usual+0.015% vs +0.056%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$107K vs $298K OIBinance sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBinance Yes · BingX YesVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0154%/8h × 21 periods+$32.27
Price spread+0.015% → +0.056% (7d avg)−$4.09
Slippage, 4 orderslive order books−$229.94
Fee Binance bp × 2 orders−$8.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$219.76
Costs to cover2.479%Break-even54.7 days
Slippage: Binance: live order book, 52 min ago; BingX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance8.02112.6 bp−$113doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX28.1535.0 bp−$3588.7 bp−$887517.2 bp−$51.7Kdoesn’t fit
Closing costs about the same again.
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