Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 28.947 | +0.0451 | pay 0.0225% / 4h | 2h 23m | $182K | $276K | 10x | Long edgeX | |
| SHORT | 28.820 | +0.0055 | get 0.0055% / 8h | 2h 23m | $912K | $1.7M | — | Short BingX |
Price gap−0.440%
Funding gap−0.0396% /8h
Both sides work against this direction now: funding costs $12 a day on $10k and the gap is 0.485% under its 7d average. Swap the legs.
Funding on this pair paid 0.890% 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+$89−0.0396% /8h now · paid +0.890% over the last 7D
Price−$48spread −0.440% now, avg +0.045% → −0.485% if it goes back
Costs−$1161.157% of $10k · taker + slippage, in and out
Result−$75−0.75%+ Points / potential airdropedgeX: points · farm boardWhat 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−0.440%
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
/8hSKUU on 10 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size27.8 / 24.1 bpAt $10k entering edgeX costs 27.8 bp, fee and slippage, 1.2× BingX’s.
- Note: Margin at max leverage$1,000 + —edgeX 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$11.87Long edgeX: 6 payments, −$13.52; short BingX: 3 payments, +$1.65.
- Watch: Gap narrower than usual−0.440% vs +0.045%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$182K vs $912K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCedgeX No · BingX 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+0.0424%/8h × 21 periods+$88.98
Price spread−0.440% → +0.045% (7d avg)−$48.48
Slippage, 4 orderslive order books−$96.75
Fee edgeX bp × 2 orders−$9.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$75.25
Costs to cover1.157%Break-even12.9 days
Slippage: edgeX: live order book, 43 min ago; BingX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX15.4327.8 bp−$28doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX1.7324.1 bp−$2483.1 bp−$831781.0 bp−$78.1K1182.7 bp−$591.4K
Closing costs about the same again.