Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 129.62 | +0.0050 | pay 0.0050% / 8h | 3h 03m | $922K | $1.2M | — | Long BingX | |
| SHORT | 129.07 | 0 | 0.0000% / 8h | 3h 03m | $606K | $52K | 20x | Short Bitget |
Price gap−0.424%
Funding gap−0.0050% /8h
The gap pays +$15 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 10 days. At the last 7 days' pace that is about 24 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$107−0.0050% /8h now · paid −1.066% over the last 7D
Price+$15spread −0.424% now, avg −0.576% → +0.151% if it goes back
Costs−$2702.702% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.424%
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
/8hPEP on 5 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size99.0 / 36.4 bpAt $10k entering BingX costs 99.0 bp, fee and slippage, 2.7× Bitget’s.
- Note: Margin at max leverage— + $500BingX —, Bitget 20x. 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 BingX: 3 payments, −$1.50; short Bitget: 3 payments, $0.00.
- OK: Entry gap works for you−0.424% vs −0.576%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$606K vs $922K OIBitget sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Bitget YesAdvanced 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−0.0508%/8h × 21 periods−$106.58
Price spread−0.424% → −0.576% (7d avg)+$15.14
Slippage, 4 orderslive order books−$248.22
Fee BingX bp × 2 orders−$10.00
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$361.66
Costs to cover2.702%Break-evennever at this rate
Slippage: BingX: live order book, 2 min ago; Bitget: live order book, 42 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX4.6399.0 bp−$99492.2 bp−$4,922971.1 bp−$97.1K1343.0 bp−$671.5K
SELL · SHORTBitget29.8736.4 bp−$3659.1 bp−$591doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-24 16:30 | Kalshi | Other | JUST IN: PepsiCo is raising prices on some chips, dips and soda @Kalshi on X ↗ |
Kalshi