Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 151.77 | +0.0258 | pay 0.0258% / 8h | 1h 45m | $940K | $5.5M | — | Long BingX | |
| SHORT | 151.41 | +0.0100 | get 0.0013% / 1h | 45m 12s | $111K | $134K | 10x | Short Pacifica10% back |
Price gap−0.237%
Funding gap−0.0158% /8h
Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 0.174% 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−$26−0.0158% /8h now · paid −0.259% over the last 7D
Price−$17spread −0.237% now, avg −0.063% → −0.174% if it goes back
Costs−$270.271% of $10k · taker + slippage, in and out
Result−$70−0.70%+ Points / potential airdropPacifica: points · farm boardWhat 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−0.237%
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
/8hSPCX on 41 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books5.3 / 7.7 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $1,000BingX —, Pacifica 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$4.74Long BingX: 3 payments, −$7.74; short Pacifica: 24 payments, +$3.00.
- Watch: Gap narrower than usual−0.237% vs −0.063%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$111K vs $940K OIPacifica sets your exit cost. Check its book before closing.
- OK: Points on a legPacifica pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · Pacifica 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−0.0123%/8h × 21 periods−$25.91
Price spread−0.237% → −0.063% (7d avg)−$17.44
Slippage, 4 orderslive order books−$9.07
Fee BingX bp × 2 orders−$10.00
Fee Pacifica bp × 2 orders−$8.00
Net · 7 days · $10k−$70.41
Costs to cover0.271%Break-evennever at this rate
Slippage: BingX: live order book, 9 min ago; Pacifica: live order book, 14 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.335.3 bp−$55.9 bp−$598.2 bp−$82113.3 bp−$6,657
SELL · SHORTPacifica1.007.7 bp−$818.6 bp−$186doesn’t fitdoesn’t fit
Closing costs about the same again.
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