Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 12.439 | +0.0760 | pay 0.0095% / 1h | 32m 17s | $101K | $15K | 10x | Long Extended10% off | |
| SHORT | 12.450 | +0.0050 | get 0.0050% / 8h | 6h 32m | $961K | $1.7M | — | Short BingX |
Price gap+0.084%
Funding gap−0.0710% /8h
Both sides work against this direction now: funding costs $21 a day on $10k and the gap is 0.085% 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−$9−0.0710% /8h now · paid −0.085% over the last 7D
Price−$8spread +0.084% now, avg +0.169% → −0.085% if it goes back
Costs−$2052.053% of $10k · taker + slippage, in and out
Result−$222−2.22%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.085% in total, about −0.0041%/8h on average.
Price and funding
1h · loading 5m…Entry / ExitExtended: thin, under $1M open interest · BingX: thin, under $1M open interest
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+0.084%
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 9 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size47.6 / 54.1 bpAt $10k entering BingX costs 54.1 bp, fee and slippage, 1.1× Extended’s.
- Note: Margin at max leverage$1,000 + —Extended 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$21.30Long Extended: 24 payments, −$22.80; short BingX: 3 payments, +$1.50.
- Watch: Gap narrower than usual+0.084% vs +0.169%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$101K vs $961K OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- Watch: KYCExtended No · BingX 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−0.0041%/8h × 21 periods−$8.51
Price spread+0.084% → +0.169% (7d avg)−$8.49
Slippage, 4 orderslive order books−$190.31
Fee Extended bp × 2 orders−$5.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$222.30
Costs to cover2.053%Break-evennever at this rate
Slippage: Extended: live order book, 62 min ago; BingX: live order book, 20 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended8.1947.6 bp−$48330.2 bp−$3,302doesn’t fitdoesn’t fit
SELL · SHORTBingX11.9654.1 bp−$54137.5 bp−$1,375725.3 bp−$72.5K1358.3 bp−$679.2K
Closing costs about the same again.
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