Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 331.00 | +0.0220 | pay 0.0028% / 1h | 28m 54s | $6K | $116K | 10x | Long Injective | |
| SHORT | 331.07 | +0.0050 | get 0.0050% / 8h | 3h 28m | $989K | $1.2M | — | Short BingX |
Price gap+0.021%
Funding gap−0.0170% /8h
Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 1.813% under its 7d average. Swap the legs.
Funding on this pair paid 0.349% 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+$35−0.0170% /8h now · paid +0.349% over the last 7D
Price−$181spread +0.021% now, avg +1.833% → −1.813% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$146−1.46%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+0.021%
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
0 ok · 5 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Injective’s order book right now.
- Note: Margin at max leverage$1,000 + —Injective 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$5.10Long Injective: 24 payments, −$6.60; short BingX: 3 payments, +$1.50.
- Watch: Gap narrower than usual+0.021% vs +1.833%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$6K vs $989K OIInjective sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCInjective 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+0.0166%/8h × 21 periods+$34.89
Price spread+0.021% → +1.833% (7d avg)−$181.25
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Injective bp × 2 orders−$0.02
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Injective: live order book, 43 min ago; BingX: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGInjective362.72doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX9.5345.6 bp−$46109.3 bp−$1,093301.2 bp−$30.1K770.0 bp−$385.0K
Closing costs about the same again.
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