Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 202.65 | +0.0632 | pay 0.0079% / 1h | 3m 34s | $1.2M | $165K | 10x | Long Paragon | |
| SHORT | 203.00 | +0.0386 | get 0.0386% / 8h | 4h 03m | $950K | $1.2M | — | Short BingX |
Price gap+0.174%
Funding gap−0.0246% /8h
The gap pays +$14 on $10k if it goes back to its 7d average, but funding costs $7 a day and eats that in about 45 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$103−0.0246% /8h now · paid −1.030% over the last 7D
Price+$14spread +0.174% now, avg +0.034% → +0.140% if it goes back
Costs−$870.870% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.174%
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
1 ok · 4 to watch- Watch: Thin at this size16.2 / 28.1 bpAt $10k entering BingX costs 28.1 bp, fee and slippage, 1.7× Paragon’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: −$7.39Long Paragon: 24 payments, −$18.97; short BingX: 3 payments, +$11.58.
- OK: Entry gap works for you+0.174% vs +0.034%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short 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: 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−0.0491%/8h × 21 periods−$103.03
Price spread+0.174% → +0.034% (7d avg)+$13.96
Slippage, 4 orderslive order books−$75.24
Fee Paragon bp × 2 orders−$1.80
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$176.10
Costs to cover0.870%Break-evennever at this rate
Slippage: Paragon: live order book, 7 min ago; BingX: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGParagon8.6016.2 bp−$16106.8 bp−$1,068doesn’t fitdoesn’t fit
SELL · SHORTBingX6.6528.1 bp−$2890.5 bp−$905252.2 bp−$25.2K771.1 bp−$385.5K
Closing costs about the same again.
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