Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 46.517 | −0.0763 | get 0.0381% / 4h | 1h 07m | $42K | $330K | 10x | Long edgeX | |
| SHORT | 46.500 | −0.0050 | pay 0.0050% / 8h | 1h 07m | $989K | $1.2M | — | Short BingX |
Price gap−0.037%
Funding gap+0.0713% /8h
Funding pays +$21 a day on $10k, but the gap is 0.050% under its 7d average: −$5 if it goes back, about 6 hours of funding.
Funding on this pair cost 0.286% 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−$29+0.0713% /8h now · paid −0.286% over the last 7D
Price−$5spread −0.037% now, avg +0.013% → −0.050% if it goes back
Costs−$950.950% of $10k · taker + slippage, in and out
Result−$129−1.29%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.286% in total, about −0.0136%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.037%
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
/8hTZA on 9 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size18.4 / 21.3 bpAt $10k entering BingX costs 21.3 bp, fee and slippage, 1.2× edgeX’s.
- Note: Margin at max leverage$1,000 + —edgeX 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$21.39Long edgeX: 6 payments, +$22.89; short BingX: 3 payments, −$1.50.
- Watch: Gap narrower than usual−0.037% vs +0.013%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$42K vs $989K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCedgeX 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−0.0136%/8h × 21 periods−$28.60
Price spread−0.037% → +0.013% (7d avg)−$5.03
Slippage, 4 orderslive order books−$76.01
Fee edgeX bp × 2 orders−$9.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$128.65
Costs to cover0.950%Break-evennever at this rate
Slippage: edgeX: live order book, 55 min ago; BingX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX11.7818.4 bp−$18doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX13.9721.3 bp−$2177.4 bp−$774190.2 bp−$19.0K825.3 bp−$412.6K
Closing costs about the same again.