Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 15.760 | +0.1030 | pay 0.1030% / 8h | 3h 30m | $949K | $1.2M | — | Long BingX | |
| SHORT | 15.757 | +0.0848 | get 0.0424% / 4h | 3h 30m | $19K | $228K | 10x | Short edgeX |
Price gap−0.016%70s
Funding gap−0.0182% /8h
The gap pays +$2 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 10 hours. At the last 7 days' pace that is about 4 hours.
The two prices were read 70 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$84−0.0182% /8h now · paid −0.835% over the last 7D
Price—spread −0.016%70s now · prices read too far apart to compare
Costs−$1641.636% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.016%
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
/8hSOFI on 10 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size30.2 / 56.2 bpAt $10k entering edgeX costs 56.2 bp, fee and slippage, 1.9× BingX’s.
- Note: Margin at max leverage— + $1,000BingX —, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$5.46Long BingX: 3 payments, −$30.90; short edgeX: 6 payments, +$25.44.
- Watch: Prices read 70 s apart−0.016% vs −0.039%Part of this gap may be the market moving.
- Watch: Short leg is thinner$19K vs $949K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · edgeX 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−0.0398%/8h × 21 periods−$83.51
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$144.57
Fee BingX bp × 2 orders−$10.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$247.08
price spread not counted: prices read too far apartCosts to cover1.636%Break-evennever at this rate
Slippage: BingX: live order book, 5 min ago; edgeX: live order book, 40 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX12.6830.2 bp−$3091.4 bp−$914637.6 bp−$63.8K1141.9 bp−$571.0K
SELL · SHORTedgeX19.1056.2 bp−$56doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-25 16:59 | Paragon | Other | SoFi opened crypto transfers to outside wallets, with bank custody and a fixed network fee. $SOFI trades 24/7 on Hyperliquid. Up to 10x leverage. Trade now on Hyperliquid: @tradeparagon on X ↗ |
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