Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 75.710 | +0.0065 | pay 0.0065% / 8h | 4h 47m | $967K | $757K | — | Long BingX | |
| SHORT | 75.570 | 0 | 0.0000% / 8h | 4h 47m | $1.3M | $342K | 20x | Short Phemex |
Price gap−0.185%46s
Funding gap−0.0065% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.175% 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−$15−0.0065% /8h now · paid −0.155% over the last 7D
Price—spread −0.185%46s now · prices read too far apart to compare
Costs−$1261.261% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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−0.185%
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
/8hTEM on 12 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size20.0 / 46.6 bpAt $10k entering Phemex costs 46.6 bp, fee and slippage, 2.3× BingX’s.
- Note: Margin at max leverage— + $500BingX —, Phemex 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: −$1.95Long BingX: 3 payments, −$1.95; short Phemex: 3 payments, $0.00.
- Watch: Prices read 46 s apart−0.185% vs −0.010%Part of this gap may be the market moving.
- Watch: Long leg is thinner$967K vs $1.3M OIBingX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Phemex 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−0.0074%/8h × 21 periods−$15.48
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$104.13
Fee BingX bp × 2 orders−$10.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$141.61
price spread not counted: prices read too far apartCosts to cover1.261%Break-evennever at this rate
Slippage: BingX: live order book, 50 min ago; Phemex: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX4.5920.0 bp−$2091.4 bp−$914309.0 bp−$30.9K815.9 bp−$408.0K
SELL · SHORTPhemex6.6146.6 bp−$47158.7 bp−$1,587doesn’t fitdoesn’t fit
Closing costs about the same again.
KuCoin
OKX