Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 203.46 | +0.0650 | pay 0.0650% / 8h | 4h 41m | $950K | $1.2M | — | Long BingX | |
| SHORT | 202.90 | +0.0278 | get 0.0035% / 1h | 41m 07s | $1.2M | $165K | 10x | Short Paragon |
Price gap−0.275%
Funding gap−0.0372% /8h
Both sides work against this direction now: funding costs $11 a day on $10k and the gap is 0.241% under its 7d average. Swap the legs.
Funding on this pair paid 1.030% 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+$103−0.0372% /8h now · paid +1.030% over the last 7D
Price−$24spread −0.275% now, avg −0.034% → −0.241% if it goes back
Costs−$1101.100% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.275%
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
/8hTTWO on 15 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size26.0 / 17.9 bpAt $10k entering BingX costs 26.0 bp, fee and slippage, 1.5× 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: −$11.15Long BingX: 3 payments, −$19.50; short Paragon: 24 payments, +$8.35.
- Watch: Gap narrower than usual−0.275% vs −0.034%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$950K vs $1.2M OIBingX 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+0.0491%/8h × 21 periods+$103.03
Price spread−0.275% → −0.034% (7d avg)−$24.11
Slippage, 4 orderslive order books−$98.18
Fee BingX bp × 2 orders−$10.00
Fee Paragon bp × 2 orders−$1.80
Net · 7 days · $10k−$31.06
Costs to cover1.100%Break-even9.1 days
Slippage: BingX: live order book, 10 min ago; Paragon: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX10.0926.0 bp−$2682.6 bp−$826360.4 bp−$36.0Kdoesn’t fit
SELL · SHORTParagon17.0017.9 bp−$1892.2 bp−$922doesn’t fitdoesn’t fit
Closing costs about the same again.
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