Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 353.06 | +0.0270 | pay 0.0270% / 8h | 5h 30m | $986K | $2.9M | — | Long BingX | |
| SHORT | 352.96 | +0.0048 | get 0.0006% / 1h | 30m 57s | $392K | $177K | 20x | Short Popdex |
Price gap−0.028%48s
Funding gap−0.0222% /8h
Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.024% under its 7d average. Swap the legs.
The two prices were read 48 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$44−0.0222% /8h now · paid −0.444% over the last 7D
Price—spread −0.028%48s now · prices read too far apart to compare
Costs−$200.199% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · historyEntry / ExitBingX: thin, under $1M open interest · Popdex: thin, under $1M open interest
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−0.028%
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
/8hTSLA on 39 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books5.1 / 4.2 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $500BingX —, Popdex 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: −$6.66Long BingX: 3 payments, −$8.10; short Popdex: 24 payments, +$1.44.
- Watch: Prices read 48 s apart−0.028% vs −0.004%Part of this gap may be the market moving.
- Watch: Short leg is thinner$392K vs $986K OIPopdex sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Popdex 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−0.0231%/8h × 21 periods−$48.60
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$3.50
Fee BingX bp × 2 orders−$10.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$68.50
price spread not counted: prices read too far apartCosts to cover0.199%Break-evennever at this rate
Slippage: BingX: live order book, 9 min ago; Popdex: live order book, 62 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.145.1 bp−$55.7 bp−$5712.3 bp−$1,22650.4 bp−$25.2K
SELL · SHORTPopdex1.004.2 bp−$47.4 bp−$74doesn’t fitdoesn’t fit
Closing costs about the same again.
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