Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 53.780 | −0.0060 | get 0.0060% / 8h | 3h 41m | $946K | $1.3M | — | Long BingX | |
| SHORT | 53.710 | 0 | 0.0000% / 1h | 41m 59s | $1.1M | $1.5M | 10x | Short QFEX |
Price gap−0.130%
Funding gap+0.0060% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.137% above its 7d average: +$14 more if it goes back.
Funding on this pair cost 0.520% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$52+0.0060% /8h now · paid −0.520% over the last 7D
Price+$14spread −0.130% now, avg −0.267% → +0.137% if it goes back
Costs−$8068.062% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.130%
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
/8hSHAZ on 12 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size40.7 / 358.9 bpAt $10k entering QFEX costs 358.9 bp, fee and slippage, 8.8× BingX’s.
- Note: Margin at max leverage— + $1,000BingX —, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.80Long BingX: 3 payments, +$1.80; short QFEX: 24 payments, $0.00.
- OK: Entry gap works for you−0.130% vs −0.267%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$946K vs $1.1M OIBingX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · QFEX 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−0.0247%/8h × 21 periods−$51.95
Price spread−0.130% → −0.267% (7d avg)+$13.69
Slippage, 4 orderslive order books−$776.19
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$844.46
Costs to cover8.062%Break-evennever at this rate
Slippage: BingX: live order book, 10 min ago; QFEX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX13.9240.7 bp−$4193.0 bp−$930442.7 bp−$44.3K874.2 bp−$437.1K
SELL · SHORTQFEX227.19358.9 bp−$359360.9 bp−$3,609doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-28 19:52 | gTrade (Gains Network) | Listing | SHAZ/USD no longer reported ($SHAZ) seen by our collector |
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market SHAZ/USD ($SHAZ) seen by our collector |
gTrade (Gains Network)