Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 402.26 | +0.0050 | pay 0.0050% / 8h | 3h 28m | $987K | $1.2M | — | Long BingX | |
| SHORT | 402.70 | +0.0457 | get 0.0057% / 1h | 28m 31s | $136K | $44K | 10x | Short Paragon |
Price gap+0.109%
Funding gap+0.0407% /8h
Both sides work: funding pays +$12 a day on $10k, and the gap is 0.281% above its 7d average: +$28 more if it goes back.
Funding on this pair cost 0.804% 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−$80+0.0407% /8h now · paid −0.804% over the last 7D
Price+$28spread +0.109% now, avg −0.171% → +0.281% if it goes back
Costs−$1371.370% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.109%
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
/8hTER on 12 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size39.2 / 28.3 bpAt $10k entering BingX costs 39.2 bp, fee and slippage, 1.4× Paragon’s.
- Note: Margin at max leverage— + $1,000BingX —, Paragon 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: +$12.22Long BingX: 3 payments, −$1.50; short Paragon: 24 payments, +$13.72.
- OK: Entry gap works for you+0.109% vs −0.171%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$136K vs $987K OIParagon sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Paragon 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−0.0383%/8h × 21 periods−$80.43
Price spread+0.109% → −0.171% (7d avg)+$28.06
Slippage, 4 orderslive order books−$125.19
Fee BingX bp × 2 orders−$10.00
Fee Paragon bp × 2 orders−$1.80
Net · 7 days · $10k−$189.36
Costs to cover1.370%Break-evennever at this rate
Slippage: BingX: live order book, 6 min ago; Paragon: live order book, 30 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX17.4539.2 bp−$39105.7 bp−$1,057237.8 bp−$23.8K648.3 bp−$324.1K
SELL · SHORTParagon27.4428.3 bp−$2889.5 bp−$895doesn’t fitdoesn’t fit
Closing costs about the same again.
Avantis