Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 16.080 | 0 | 0.0000% / 8h | 2h 31m | $401K | $176K | 20x | Long Binance | |
| SHORT | 16.090 | +0.0050 | get 0.0050% / 8h | 2h 31m | $962K | $1.2M | — | Short BingX |
Price gap+0.062%
Funding gap+0.0050% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.047% above its 7d average: +$5 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$11+0.0050% /8h now · paid +0.112% over the last 7D
Price+$5spread +0.062% now, avg +0.015% → +0.047% if it goes back
Costs−$2642.644% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.062%
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
/8hPAYP on 10 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size74.7 / 70.3 bpAt $10k entering Binance costs 74.7 bp, fee and slippage, 1.1× 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: +$1.50Long Binance: 3 payments, $0.00; short BingX: 3 payments, +$1.50.
- OK: Entry gap works for you+0.062% vs +0.015%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$401K vs $962K 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+0.0053%/8h × 21 periods+$11.17
Price spread+0.062% → +0.015% (7d avg)+$4.67
Slippage, 4 orderslive order books−$246.36
Fee Binance bp × 2 orders−$8.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$248.52
Costs to cover2.644%Break-even162.7 days
Slippage: Binance: live order book, 69 min ago; BingX: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance3.1274.7 bp−$75doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX9.2770.3 bp−$70224.2 bp−$2,242995.6 bp−$99.6K1378.0 bp−$689.0K
Closing costs about the same again.
| 09-28 16:00 | QFEX | Other | $PAYP - PayPay Corporation is now trading 24/7 on QFEX @QFEX on X ↗ |
| 09-28 14:22 | QFEX | Listing | new market PAYP-USD ($PAYP) seen by our collector |
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