Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 76.380 | 0 | 0.0000% / 8h | 5h 44m | $1.3M | $348K | 20x | Long Phemex | |
| SHORT | 76.460 | +0.0065 | get 0.0065% / 8h | 5h 44m | $967K | $760K | — | Short BingX |
Price gap+0.105%
Funding gap+0.0065% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.095% above its 7d average: +$10 more if it goes back.
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+$10spread +0.105% now, avg +0.009% → +0.095% if it goes back
Costs−$1271.266% of $10k · taker + slippage, in and out
Result−$102−1.02%no points
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+0.105%
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
2 ok · 3 to watch- Watch: Thin at this size43.8 / 23.0 bpAt $10k entering Phemex costs 43.8 bp, fee and slippage, 1.9× BingX’s.
- Note: Margin at max leverage$500 + —Phemex 20x, BingX —. 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 Phemex: 3 payments, $0.00; short BingX: 3 payments, +$1.95.
- OK: Entry gap works for you+0.105% vs +0.009%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short 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: KYCPhemex Yes · BingX YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0074%/8h × 21 periods+$15.48
Price spread+0.105% → +0.009% (7d avg)+$9.53
Slippage, 4 orderslive order books−$104.58
Fee Phemex bp × 2 orders−$12.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$101.57
Costs to cover1.266%Break-even52.9 days
Slippage: Phemex: live order book, 5 min ago; BingX: live order book, 63 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex3.9243.8 bp−$44166.3 bp−$1,663doesn’t fitdoesn’t fit
SELL · SHORTBingX4.5923.0 bp−$2392.6 bp−$926281.2 bp−$28.1K836.5 bp−$418.2K
Closing costs about the same again.
KuCoin
OKX