Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 12.590 | +0.0797 | pay 0.0797% / 8h | 5h 56m | $940K | $1.2M | — | Long BingX | |
| SHORT | 12.580 | 0 | 0.0000% / 8h | 5h 56m | $739K | $181K | 20x | Short Phemex |
Price gap−0.079%46s
Funding gap−0.0797% /8h
Both sides work against this direction now: funding costs $24 a day on $10k and the gap is 0.053% 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−$26−0.0797% /8h now · paid −0.257% over the last 7D
Price—spread −0.079%46s now · prices read too far apart to compare
Costs−$2012.009% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.257% in total, about −0.0122%/8h on average.
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−0.079%
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
/8hRAM on 11 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size27.6 / 69.1 bpAt $10k entering Phemex costs 69.1 bp, fee and slippage, 2.5× BingX’s.
- Note: Margin at max leverage— + $500BingX —, Phemex 20x. 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: −$23.91Long BingX: 3 payments, −$23.91; short Phemex: 3 payments, $0.00.
- Watch: Prices read 46 s apart−0.079% vs −0.027%Part of this gap may be the market moving.
- Watch: Short leg is thinner$739K vs $940K OIPhemex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Phemex 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−0.0122%/8h × 21 periods−$25.68
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$178.87
Fee BingX bp × 2 orders−$10.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$226.55
price spread not counted: prices read too far apartCosts to cover2.009%Break-evennever at this rate
Slippage: BingX: live order book, 19 min ago; Phemex: live order book, 32 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX11.9227.6 bp−$2883.4 bp−$834156.1 bp−$15.6K580.2 bp−$290.1K
SELL · SHORTPhemex7.9569.1 bp−$69268.2 bp−$2,682doesn’t fitdoesn’t fit
Closing costs about the same again.