Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 49.577 | +0.0352 | pay 0.0044% / 1h | 46m 00s | $181K | $39K | 10x | Long Entropy | |
| SHORT | 49.310 | 0 | 0.0000% / 8h | 5h 46m | $1.1M | $189K | 20x | Short Bitget |
Price gap−0.539%
Funding gap−0.0352% /8h
Both sides work against this direction now: funding costs $11 a day on $10k and the gap is 0.484% 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−$22−0.0352% /8h now · paid −0.219% over the last 7D
Price−$48spread −0.539% now, avg −0.054% → −0.484% if it goes back
Costs−$1121.125% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.219% in total, about −0.0104%/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−0.539%
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
/8hTENCENT on 12 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size28.0 / 38.2 bpAt $10k entering Bitget costs 38.2 bp, fee and slippage, 1.4× Entropy’s.
- Note: Margin at max leverage$1,000 + $500Entropy 10x, Bitget 20x. 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: −$10.57Long Entropy: 24 payments, −$10.57; short Bitget: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.539% vs −0.054%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$181K vs $1.1M OIEntropy sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCEntropy No · Bitget YesKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0104%/8h × 21 periods−$21.89
Price spread−0.539% → −0.054% (7d avg)−$48.43
Slippage, 4 orderslive order books−$98.66
Fee Entropy bp × 2 orders−$1.80
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$182.78
Costs to cover1.125%Break-evennever at this rate
Slippage: Entropy: live order book, 28 min ago; Bitget: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGEntropy8.0728.0 bp−$28doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBitget4.0538.2 bp−$3850.8 bp−$508doesn’t fitdoesn’t fit
Closing costs about the same again.
BingX