Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 10.830 | +0.0050 | pay 0.0050% / 8h | 9m 19s | $961K | $379K | — | Long BingX | |
| SHORT | 10.794 | −0.0016 | pay 0.0016% / 8h | 9m 19s | $752K | $1.3M | 25x | Short Bybit |
Price gap−0.332%
Funding gap−0.0066% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.227% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$57−0.0066% /8h now · paid −0.573% over the last 7D
Price−$23spread −0.332% now, avg −0.106% → −0.227% if it goes back
Costs−$2992.987% of $10k · taker + slippage, in and out
Result−$379−3.79%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−0.332%
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
/8hPURR on 10 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size55.0 / 73.6 bpAt $10k entering Bybit costs 73.6 bp, fee and slippage, 1.3× BingX’s.
- Note: Margin at max leverage— + $400BingX —, Bybit 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: −$1.97Long BingX: 3 payments, −$1.50; short Bybit: 3 payments, −$0.47.
- Watch: Gap narrower than usual−0.332% vs −0.106%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$752K vs $961K OIBybit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Bybit 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−0.0273%/8h × 21 periods−$57.26
Price spread−0.332% → −0.106% (7d avg)−$22.68
Slippage, 4 orderslive order books−$277.75
Fee BingX bp × 2 orders−$10.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$378.69
Costs to cover2.987%Break-evennever at this rate
Slippage: BingX: live order book, 24 min ago; Bybit: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX6.9555.0 bp−$55326.0 bp−$3,260735.0 bp−$73.5K1061.8 bp−$530.9K
SELL · SHORTBybit8.7773.6 bp−$74193.7 bp−$1,937doesn’t fitdoesn’t fit
Closing costs about the same again.
PURR news
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