Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 15.700 | +0.0533 | pay 0.0533% / 8h | 3h 28m | $275K | $1.2M | — | Long BingX | |
| SHORT | 15.696 | 0 | 0.0000% / 8h | 3h 28m | — | $1.1M | 10x | Short SunX≤10% back |
Price gap−0.025%
Funding gap−0.0533% /8h
Both sides work against this direction now: funding costs $16 a day on $10k and the gap is 0.110% 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−$34−0.0533% /8h now · paid −0.340% over the last 1 day (all we have)
Price−$11spread −0.025% now, avg +0.085% → −0.110% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$45−0.45%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.025%
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
/8hSECZ on 8 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage— + $1,000BingX —, SunX 10x. 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: −$15.99Long BingX: 3 payments, −$15.99; short SunX: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.025% vs +0.085%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner— vs $275K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · SunX NoAdvanced 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−0.0953%/8h × 21 periods−$200.11
Price spread−0.025% → +0.085% (7d avg)−$11.05
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee BingX bp × 2 orders−$10.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: BingX: live order book, 6 min ago; SunX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX17.9248.3 bp−$48161.3 bp−$1,613doesn’t fitdoesn’t fit
SELL · SHORTSunX669.15doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 10:43 | SunX | Listing | new market SECZ-USDT ($SECZ) seen by our collector |
| 09-29 10:10 | HTX | Listing | new market SECZ-USDT ($SECZ) seen by our collector |
| 09-29 10:05 | Binance | Listing | new market SECZUSDT ($SECZ) seen by our collector |
| 09-24 03:00 | Gate | Listing | new market SECZ_USDT ($SECZ) seen by our collector |
| 09-21 16:00 | QFEX | Other | $SECZ - Securitize Corp. is now trading 24/7 on QFEX @QFEX on X ↗ |
| 09-21 13:32 | Bitget | Listing | new market SECZUSDT ($SECZ) seen by our collector |


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