Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 399.85 | +0.0985 | pay 0.0123% / 1h | 9m 40s | $135K | $45K | 10x | Long Paragon | |
| SHORT | 399.45 | +0.0050 | get 0.0050% / 8h | 4h 09m | $987K | $1.2M | — | Short BingX |
Price gap−0.100%
Funding gap−0.0935% /8h
Both sides work against this direction now: funding costs $28 a day on $10k and the gap is 0.272% under its 7d average. Swap the legs.
Funding on this pair paid 0.815% 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+$82−0.0935% /8h now · paid +0.815% over the last 7D
Price−$27spread −0.100% now, avg +0.172% → −0.272% if it goes back
Costs−$2352.354% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.100%
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
0 ok · 5 to watch- Watch: Thin at this size83.7 / 27.0 bpAt $10k entering Paragon costs 83.7 bp, fee and slippage, 3.1× BingX’s.
- Note: Margin at max leverage$1,000 + —Paragon 10x, BingX —. 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: −$28.06Long Paragon: 24 payments, −$29.56; short BingX: 3 payments, +$1.50.
- Watch: Gap narrower than usual−0.100% vs +0.172%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$135K vs $987K OIParagon sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCParagon No · BingX 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+0.0388%/8h × 21 periods+$81.53
Price spread−0.100% → +0.172% (7d avg)−$27.18
Slippage, 4 orderslive order books−$223.58
Fee Paragon bp × 2 orders−$1.80
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$181.03
Costs to cover2.354%Break-even22.5 days
Slippage: Paragon: live order book, 59 min ago; BingX: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGParagon82.4283.7 bp−$84109.4 bp−$1,094doesn’t fitdoesn’t fit
SELL · SHORTBingX19.5227.0 bp−$2793.4 bp−$934217.1 bp−$21.7K719.3 bp−$359.6K
Closing costs about the same again.
Avantis