Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 78.450 | +0.0724 | pay 0.0724% / 8h | 3h 39m | $287K | $1.4M | — | Long BingX | |
| SHORT | 78.376 | +0.0050 | get 0.0006% / 1h | 39m 30s | $1.2M | $696K | 20x | Short tradeXYZ |
Price gap−0.094%
Funding gap−0.0674% /8h
The gap pays +$82 on $10k if it goes back to its 7d average, but funding costs $20 a day and eats that in about 4.0 days. At the last 7 days' pace that is about 9.6 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$60−0.0674% /8h now · paid −0.597% over the last 7D
Price+$82spread −0.094% now, avg −0.910% → +0.816% if it goes back
Costs−$700.702% of $10k · taker + slippage, in and out
Result−$48−0.48%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.094%
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
/8hTLT on 10 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size15.9 / 30.4 bpAt $10k entering tradeXYZ costs 30.4 bp, fee and slippage, 1.9× BingX’s.
- Note: Margin at max leverage— + $500BingX —, tradeXYZ 20x. 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: −$20.22Long BingX: 3 payments, −$21.72; short tradeXYZ: 24 payments, +$1.50.
- OK: Entry gap works for you−0.094% vs −0.910%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$287K vs $1.2M OIBingX sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · tradeXYZ 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−0.0284%/8h × 21 periods−$59.72
Price spread−0.094% → −0.910% (7d avg)+$81.56
Slippage, 4 orderslive order books−$58.45
Fee BingX bp × 2 orders−$10.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$48.41
Costs to cover0.702%Break-evenfrom the start
Slippage: BingX: live order book, 14 min ago; tradeXYZ: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX8.2715.9 bp−$1644.4 bp−$444doesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ6.3230.4 bp−$3060.7 bp−$607doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-24 13:06 | QFEX | Other | $TLT - iShares 20+ Year Treasury Bond ETF is now trading 24/7 on QFEX @QFEX on X ↗ |
| 09-24 11:58 | QFEX | Listing | new market TLT-USD ($TLT) seen by our collector |
| 09-21 13:32 | Bitget | Listing | new market TLTUSDT ($TLT) seen by our collector |
| 09-20 04:12 | HTX | Listing | New TradFi Futures Listing! 🚀 HTX adds CVXSTOCK/USDT and TLT/USDT perpetual futures with up to 20x leverage. Join HTX's Futures Trading Contest! @HTX_Global on X ↗ |
| 09-18 18:00 | Bybit | Listing | New TradFi Perpetual Contract Listing: $TLTUSDT, $SECZUSDT and $AMZUUSDT are now live on Bybit! 🚀 Trade $TLT: Trade $SECZ: Trade $AMZU: #Bybit #MakeYourMove @Bybit_Official on X ↗ |
| 09-18 13:45 | BloFin | Listing | BloFin Futures has listed the $APLD-USDT & $TLT-USDT Perpetual Contract 🔥 Trade and take advantage of: ✅ 0% Maker Fees ✅ 50% off Taker Fees @BloFin_Official on X ↗ |
QFEX
Bitget
HTX
Bybit
BloFin