Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 48.380 | +0.0050 | pay 0.0050% / 8h | 2h 28m | $910K | $1.3M | — | Long BingX | |
| SHORT | 48.335 | +0.0569 | get 0.0071% / 1h | 28m 47s | $1.6M | $99K | 10x | Short tradeXYZ |
Price gap−0.093%
Funding gap+0.0519% /8h
Funding pays +$16 a day on $10k, but the gap is 0.024% under its 7d average: −$2 if it goes back, about 4 hours of funding. At the last 7 days' pace that is about 12 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$33+0.0519% /8h now · paid +0.333% over the last 7D
Price−$2spread −0.093% now, avg −0.069% → −0.024% if it goes back
Costs−$1431.430% of $10k · taker + slippage, in and out
Result−$112−1.12%+ Points / potential airdroptradeXYZ: 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 +0.333% in total, about +0.0158%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.093%
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
/8hURNM on 16 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size44.4 / 15.6 bpAt $10k entering BingX costs 44.4 bp, fee and slippage, 2.9× tradeXYZ’s.
- Note: Margin at max leverage— + $1,000BingX —, tradeXYZ 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: +$15.57Long BingX: 3 payments, −$1.50; short tradeXYZ: 24 payments, +$17.07.
- Watch: Gap narrower than usual−0.093% vs −0.069%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$910K vs $1.6M 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+0.0158%/8h × 21 periods+$33.26
Price spread−0.093% → −0.069% (7d avg)−$2.37
Slippage, 4 orderslive order books−$131.24
Fee BingX bp × 2 orders−$10.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$112.15
Costs to cover1.430%Break-even30.6 days
Slippage: BingX: live order book, 9 min ago; tradeXYZ: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX16.5544.4 bp−$4494.4 bp−$944331.4 bp−$33.1K782.4 bp−$391.2K
SELL · SHORTtradeXYZ4.6615.6 bp−$1673.5 bp−$735doesn’t fitdoesn’t fit
Closing costs about the same again.
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