Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 23.910 | +0.0050 | pay 0.0050% / 8h | 3h 03m | $959K | $1.2M | — | Long BingX | |
| SHORT | 23.914 | 0 | 0.0000% / 8h | 3h 03m | $375K | $240K | 20x | Short Binance |
Price gap+0.016%
Funding gap−0.0050% /8h
The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 48 hours. At the last 7 days' pace that is about 23 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$22−0.0050% /8h now · paid −0.221% over the last 7D
Price+$3spread +0.016% now, avg −0.014% → +0.030% if it goes back
Costs−$1781.776% 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
/8hSONY on 9 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size52.3 / 38.0 bpAt $10k entering BingX costs 52.3 bp, fee and slippage, 1.4× Binance’s.
- Note: Margin at max leverage— + $500BingX —, Binance 20x. 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.
- OK: Entry gap works for you+0.016% vs −0.014%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$375K vs $959K 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−0.0105%/8h × 21 periods−$22.09
Price spread+0.016% → −0.014% (7d avg)+$3.00
Slippage, 4 orderslive order books−$159.64
Fee BingX bp × 2 orders−$10.00
Fee Binance bp × 2 orders−$8.00
Net · 7 days · $10k−$196.72
Costs to cover1.776%Break-evennever at this rate
Slippage: BingX: live order book, 3 min ago; Binance: live order book, 37 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX18.8252.3 bp−$52114.8 bp−$1,148300.7 bp−$30.1K785.0 bp−$392.5K
SELL · SHORTBinance6.3038.0 bp−$38142.8 bp−$1,428doesn’t fitdoesn’t fit
Closing costs about the same again.
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