PL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	QFEXPL-USD	15.240	0	0.0000% / 1h	32m 57s	$1.1M	$72K	10x	Long QFEX10% back
SHORT	BingXNCSKPL2USD-USDT	15.230	−0.0050	pay 0.0050% / 8h	1h 32m	—	$328K	—	Short BingX

Price gap−0.066%48s

Funding gap−0.0050% /8h

Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.043% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$30−0.0050% /8h now · paid +0.301% over the last 7D

Price—spread −0.066%48s now · prices read too far apart to compare

Costsno datano order book for BingX

Result, before costs—no pointsneeds both prices read together

Price and funding

1h · history

Entry / 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−0.066%

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

/8h

PL on 4 exchanges

lowest funding first

Before you open

0 ok · 3 to watch

Note: Order book unknown—
No order-book sample for BingX: its slippage is not counted.
Note: Margin at max leverage$1,000 + —
QFEX 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$1.50Long QFEX: 24 payments, $0.00; short BingX: 3 payments, −$1.50.
Watch: Prices read 48 s apart−0.066% vs −0.023%
Part of this gap may be the market moving.
Note: Open interest unknown$1.1M vs — OI
BingX reports no open interest, so the legs cannot be compared.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCQFEX No · BingX Yes
Advanced 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 out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0143%/8h × 21 periods+$30.09

Price spreadprices read too far apart to compare—

Slippage, 4 ordersno data for BingX—

Fee QFEX bp × 2 orders−$20.00

Fee BingX bp × 2 orders−$10.00

Net, fees only · 7 days · $10k+$0.09

price spread not counted: prices read too far apart

Costs to cover0.300%Break-even7.0 days

Slippage: QFEX: live order book, 1 min ago; BingX: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGQFEX3.2819.8 bp−$2019.8 bp−$19835.3 bp−$3,535doesn’t fit

SELL · SHORTBingX—————

Closing costs about the same again.
BingX: no data.

PL