Funding arb · Price arb / RWA

PYPL

RWAAll PYPL markets →

LONGBingX▾edgeX −0.0974%Binance 0.0000%Bybit 0.0000%OKX 0.0000%Gate 0.0000%Bitget 0.0000%HTX 0.0000%BingX +0.0050%Avantis +0.0054%

⇄⇅

SHORTInjective▾Binance 0.0000%Bybit 0.0000%OKX 0.0000%Gate 0.0000%Bitget 0.0000%Avantis 0.0000%HTX 0.0000%Injective −0.0220%edgeX −0.0974%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKPYPL2USD-USDT	52.690	+0.0050	pay 0.0050% / 8h	43m 58s	$938K	$1.6M	—	Long BingX
SHORT	InjectivePYPL/USDC PERP	52.610	−0.0220	pay 0.0028% / 1h	43m 58s	$3K	$53K	10x	Short Injective

Price gap−0.152%106s

Funding gap−0.0270% /8h

Both sides work against this direction now: funding costs $8 a day on $10k and the gap is 0.152% under zero (no 7-day history yet). Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.052% in total, about −0.0025%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.152%

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

24H3D7D14D30D90D

BingXInjective

PYPL on 10 exchanges

lowest funding first

Before you open

0 ok · 4 to watch

• i
  Note: Order book unknown—

  No order-book sample for Injective: its slippage is not counted.
• i
  Note: Margin at max leverage— + $1,000

  BingX —, Injective 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ8h / 1h

  Payments land at different times. Close right after the slower leg pays.

  Long BingX · 8h−$1.50

  Short Injective · 1h−$6.60

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$8.10Long BingX: 3 payments, −$1.50; short Injective: 24 payments, −$6.60.
• !
  Watch: Prices read 106 s apart−0.152% vs —

  Part of this gap may be the market moving.
• !
  Watch: Short leg is thinner$3K vs $938K OI

  Injective sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCBingX Yes · Injective No

  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

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0025%/8h × 21 periods−$5.22

Price spreadprices read too far apart to compare—

Slippage, 4 ordersno data for Injective—

Fee BingX bp × 2 orders−$10.00

Fee Injective bp × 2 orders−$0.02

Net, fees only · 7 days · $10k−$15.24

price spread not counted: prices read too far apart

Costs to cover0.100%Break-evennever at this rate

Slippage: BingX: live order book, 3 min ago; Injective: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGBingX14.2325.5 bp−$2587.0 bp−$870191.5 bp−$19.2K659.4 bp−$329.7K

SELL · SHORTInjective—————

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

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

PYPL news

posts that mention PYPL, from every exchangeSearch all news →

09-28 16:43	Avantis	Other	2/ Software and cybersecurity $PANW $FTNT $ADBE $ADSK $INTU $DDOG $WDAY $SHOP $PYPL $MELI $PDD $TTWO $DASH Application layer where the spend actually lives, is AI helping or harming these companies? @verantaxyz on X ↗
09-24 14:14	Avantis	Listing	new market PYPL/USD ($PYPL) seen by our collector
09-21 13:35	gTrade (Gains Network)	Listing	new market PYPL/USD ($PYPL) seen by our collector