Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 142.50 | +0.0050 | pay 0.0050% / 8h | 2h 04m | $922K | $375K | — | Long BingX | |
| SHORT | 142.72 | 0 | 0.0000% / 8h | 2h 04m | $148K | $1K | 25x | Short Gate |
Price gap+0.154%
Funding gap−0.0050% /8h
The gap pays +$24 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 16 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$20−0.0050% /8h now · paid −0.197% over the last 7D
Price+$24spread +0.154% now, avg −0.085% → +0.240% if it goes back
Costs−$6246.241% of $10k · taker + slippage, in and out
Result−$620−6.20%no points
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.154%
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 9 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size29.6 / 312.1 bpAt $10k entering Gate costs 312.1 bp, fee and slippage, 10.6× BingX’s.
- Note: Margin at max leverage— + $400BingX —, Gate 25x. 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 Gate: 3 payments, $0.00.
- OK: Entry gap works for you+0.154% vs −0.085%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$148K vs $922K OIGate sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Gate 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−0.0094%/8h × 21 periods−$19.72
Price spread+0.154% → −0.085% (7d avg)+$23.96
Slippage, 4 orderslive order books−$599.08
Fee BingX bp × 2 orders−$10.00
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$619.84
Costs to cover6.241%Break-evennever at this rate
Slippage: BingX: live order book, 62 min ago; Gate: live order book, 45 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX20.6129.6 bp−$30181.5 bp−$1,815410.3 bp−$41.0K890.8 bp−$445.4K
SELL · SHORTGate51.19312.1 bp−$312doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
PEP news
posts that mention PEP or PepsiCo, from every exchange| 11-05 14:08 | Kalshi | Listing | new market KXPEPPERP ($PEP) seen by our collector |
| 11-02 12:14 | OKX | Listing | new market PEP-USDT-SWAP ($PEP) seen by our collector |
| 10-12 16:50 | Extended | Listing | Now available to trade: $ABNB and $PEP (Airbnb and PepsiCo) with up to 10x leverage @extendedapp on X ↗ |
| 10-12 15:44 | Extended | Listing | new market PEP-USD ($PEP) seen by our collector |
| 10-10 14:51 | Kalshi | Other | BREAKING: PepsiCo cuts its full-year profit outlook as North America stays weak and costs rise @Kalshi on X ↗ |
| 10-05 14:49 | BingX | Other | 📊 BingX TradFi Weekly Watch: Fed minutes, long-bond supply and consumer earnings take the spotlight. FOMC minutes, the 10Y and 30Y Treasury auctions, PepsiCo and Delta earnings, and Michigan sentiment are all in focus this week. Which test are you watching? 👇 @BingXOfficial on X ↗ |
Kalshi
OKX
Extended