Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 926.94 | +0.0736 | pay 0.0092% / 1h | 41m 57s | $244K | $9K | 10x | Long Paragon | |
| SHORT | 924.40 | +0.0050 | get 0.0050% / 8h | 6h 41m | $945K | $1.6M | — | Short BingX |
Price gap−0.274%50s
Funding gap−0.0686% /8h
Both sides work against this direction now: funding costs $21 a day on $10k and the gap is 0.234% 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−$40−0.0686% /8h now · paid −0.399% over the last 7D
Price—spread −0.274%50s now · prices read too far apart to compare
Costs−$730.734% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.399% in total, about −0.0190%/8h on average.
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−0.274%
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
/8hSTX on 4 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size35.7 / 5.1 bpAt $10k entering Paragon costs 35.7 bp, fee and slippage, 7.0× BingX’s.
- Note: Margin at max leverage$1,000 + —Paragon 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: −$20.58Long Paragon: 24 payments, −$22.08; short BingX: 3 payments, +$1.50.
- Watch: Prices read 50 s apart−0.274% vs −0.040%Part of this gap may be the market moving.
- Watch: Long leg is thinner$244K vs $945K OIParagon sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCParagon 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−0.0190%/8h × 21 periods−$39.92
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$61.62
Fee Paragon bp × 2 orders−$1.80
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$113.35
price spread not counted: prices read too far apartCosts to cover0.734%Break-evennever at this rate
Slippage: Paragon: live order book, 20 min ago; BingX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGParagon6.5535.7 bp−$36121.9 bp−$1,219doesn’t fitdoesn’t fit
SELL · SHORTBingX0.055.1 bp−$515.2 bp−$152203.4 bp−$20.3Kdoesn’t fit
Closing costs about the same again.