Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 41.099 | +0.0123 | pay 0.0015% / 1h | 51m 31s | $1.4M | $366K | 10x | Long tradeXYZ | |
| SHORT | 41.010 | +0.0050 | get 0.0050% / 8h | 51m 31s | $937K | $1.3M | — | Short BingX |
Price gap−0.217%
Funding gap−0.0073% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.189% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$230−0.0073% /8h now · paid +2.297% over the last 7D
Price−$19spread −0.217% now, avg −0.027% → −0.189% if it goes back
Costs−$4764.758% of $10k · taker + slippage, in and out
Result−$265−2.65%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.217%
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
/8hSOFTBANK on 8 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size49.9 / 143.6 bpAt $10k entering BingX costs 143.6 bp, fee and slippage, 2.9× tradeXYZ’s.
- Note: Margin at max leverage$1,000 + —tradeXYZ 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: −$2.18Long tradeXYZ: 24 payments, −$3.68; short BingX: 3 payments, +$1.50.
- Watch: Gap narrower than usual−0.217% vs −0.027%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$937K vs $1.4M OIBingX sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCtradeXYZ 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+0.1094%/8h × 21 periods+$229.74
Price spread−0.217% → −0.027% (7d avg)−$18.92
Slippage, 4 orderslive order books−$463.98
Fee tradeXYZ bp × 2 orders−$1.80
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$264.95
Costs to cover4.758%Break-even15.1 days
Slippage: tradeXYZ: live order book, 2 min ago; BingX: live order book, 13 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ9.2449.9 bp−$50167.0 bp−$1,670doesn’t fitdoesn’t fit
SELL · SHORTBingX18.31143.6 bp−$144633.0 bp−$6,330775.5 bp−$77.6Kdoesn’t fit
Closing costs about the same again.