Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 332.21 | +0.0050 | pay 0.0050% / 8h | 3h 03m | $989K | $1.2M | — | Long BingX | |
| SHORT | 332.05 | 0 | 0.0000% / 8h | 3h 03m | $649K | $660K | 25x | Short Binance |
Price gap−0.048%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.035% under its 7d average. Swap the legs.
Funding on this pair paid 0.084% 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+$8−0.0050% /8h now · paid +0.084% over the last 7D
Price−$3spread −0.048% now, avg −0.013% → −0.035% if it goes back
Costs−$1621.622% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.048%
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
/8hSNOW on 10 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size36.6 / 37.9 bpAt $10k entering Binance costs 37.9 bp, fee and slippage, 1.0× BingX’s.
- Note: Margin at max leverage— + $400BingX —, Binance 25x. 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: −$1.50Long BingX: 3 payments, −$1.50; short Binance: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.048% vs −0.013%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$649K vs $989K OIBinance sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Binance 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+0.0040%/8h × 21 periods+$8.44
Price spread−0.048% → −0.013% (7d avg)−$3.49
Slippage, 4 orderslive order books−$144.16
Fee BingX bp × 2 orders−$10.00
Fee Binance bp × 2 orders−$8.00
Net · 7 days · $10k−$157.21
Costs to cover1.622%Break-even137.4 days
Slippage: BingX: live order book, 3 min ago; Binance: live order book, 37 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX8.5836.6 bp−$37107.1 bp−$1,071308.3 bp−$30.8K741.4 bp−$370.7K
SELL · SHORTBinance4.5437.9 bp−$38137.5 bp−$1,375doesn’t fitdoesn’t fit
Closing costs about the same again.
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