SATL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BitgetSATLUSDT	5.3390	0	0.0000% / 8h	10m 04s	$96K	$135K	20x	Long Bitget
SHORT	BingXNCSKSATLUSDT-USDT	5.3470	+0.0050	get 0.0050% / 8h	10m 04s	$941K	$1.1M	—	Short BingX

Price gap+0.150%

Funding gap+0.0050% /8h

Both sides work: funding pays +$2 a day on $10k, and the gap is 0.073% above its 7d average: +$7 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$11+0.0050% /8h now · paid +0.105% over the last 7D

Price+$7spread +0.150% now, avg +0.077% → +0.073% if it goes back

Costs−$2352.345% of $10k · taker + slippage, in and out

Result−$217−2.17%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / 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+0.150%

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

SATL on 2 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size39.3 / 94.3 bp
At $10k entering BingX costs 94.3 bp, fee and slippage, 2.4× Bitget’s.
Note: Margin at max leverage$500 + —
Bitget 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$1.50Long Bitget: 3 payments, $0.00; short BingX: 3 payments, +$1.50.
OK: Entry gap works for you+0.150% vs +0.077%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$96K vs $941K OI
Bitget sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBitget Yes · BingX Yes
KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0050%/8h × 21 periods+$10.50

Price spread+0.150% → +0.077% (7d avg)+$7.30

Slippage, 4 orderslive order books−$212.51

Fee Bitget bp × 2 orders−$12.00

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$216.72

Costs to cover2.345%Break-even151.5 days

Slippage: Bitget: live order book, 55 min ago; BingX: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBitget31.8239.3 bp−$3965.6 bp−$656doesn’t fitdoesn’t fit

SELL · SHORTBingX12.1594.3 bp−$94112.4 bp−$1,124448.6 bp−$44.9Kdoesn’t fit

Closing costs about the same again.