Funding arb · Price arb / RWA

PYPL

RWAAll PYPL markets →

LONGInjective▾edgeX −0.0718%Injective −0.0220%Binance 0.0000%Bybit 0.0000%OKX 0.0000%Gate 0.0000%Bitget 0.0000%HTX 0.0000%Avantis +0.0054%

⇄⇅

SHORTBingX▾BingX +0.0050%Binance 0.0000%Bybit 0.0000%OKX 0.0000%Gate 0.0000%Bitget 0.0000%Avantis 0.0000%HTX 0.0000%edgeX −0.0718%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	InjectivePYPL/USDC PERP	52.599	−0.0220	get 0.0028% / 1h	17m 38s	$3K	$53K	10x	Long Injective
SHORT	BingXNCSKPYPL2USD-USDT	52.750	+0.0050	get 0.0050% / 8h	1h 17m	$938K	$1.6M	—	Short BingX

Price gap+0.287%

Funding gap+0.0270% /8h

Both sides work: funding pays +$8 a day on $10k, and the gap is 0.287% above zero (no 7-day history yet): +$29 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.049% in total, about +0.0023%/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+0.287%

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

InjectiveBingX

PYPL on 10 exchanges

lowest funding first

Before you open

0 ok · 3 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 + —

  Injective 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.

  Long Injective · 1h+$6.60

  Short BingX · 8h+$1.50

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

  Next 24h at the current rates, on $10k a leg: +$8.10Long Injective: 24 payments, +$6.60; short BingX: 3 payments, +$1.50.
• i
  Note: No 7-day spread history+0.287%

  The gap cannot be compared with its average yet.
• !
  Watch: Long 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: KYCInjective 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

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0023%/8h × 21 periods+$4.90

Price spread+0.287% → 0+$28.68

Slippage, 4 ordersno data for Injective—

Fee Injective bp × 2 orders−$0.02

Fee BingX bp × 2 orders−$10.00

Net, fees only · 7 days · $10k+$23.56

Costs to cover0.100%Break-evenfrom the start

Slippage: Injective: no order-book sample; BingX: live order book, 15 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGInjective—————

SELL · SHORTBingX12.3338.6 bp−$39155.2 bp−$1,552900.0 bp−$90.0K1310.9 bp−$655.4K

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