Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 82.470 | +0.0064 | pay 0.0064% / 8h | 4h 11m | $967K | $1.2M | — | Long BingX | |
| SHORT | 82.120 | +0.0006 | get 0.0001% / 1h | 11m 02s | $1.1M | $48K | 10x | Short QFEX |
Price gap−0.424%
Funding gap−0.0058% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.393% under its 7d average. Swap the legs.
Funding on this pair paid 0.082% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$8−0.0058% /8h now · paid +0.082% over the last 7D
Price−$39spread −0.424% now, avg −0.031% → −0.393% if it goes back
Costs−$2012.013% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.424%
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 10 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size46.2 / 40.9 bpAt $10k entering BingX costs 46.2 bp, fee and slippage, 1.1× QFEX’s.
- Note: Margin at max leverage— + $1,000BingX —, QFEX 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: −$1.75Long BingX: 3 payments, −$1.92; short QFEX: 24 payments, +$0.17.
- Watch: Gap narrower than usual−0.424% vs −0.031%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$967K vs $1.1M OIBingX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · QFEX 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+0.0039%/8h × 21 periods+$8.21
Price spread−0.424% → −0.031% (7d avg)−$39.32
Slippage, 4 orderslive order books−$171.32
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$232.44
Costs to cover2.013%Break-even205.3 days
Slippage: BingX: live order book, 11 min ago; QFEX: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX22.4446.2 bp−$46138.2 bp−$1,382278.4 bp−$27.8K761.7 bp−$380.8K
SELL · SHORTQFEX1.8340.9 bp−$4144.1 bp−$441doesn’t fitdoesn’t fit
Closing costs about the same again.
OKX