Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 48.203 | +0.0676 | pay 0.0084% / 1h | 1m 56s | $1.6M | $109K | 10x | Long tradeXYZ | |
| SHORT | 48.230 | +0.0050 | get 0.0050% / 8h | 3h 01m | $910K | $1.3M | — | Short BingX |
Price gap+0.056%
Funding gap−0.0626% /8h
Funding costs $19 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$33−0.0626% /8h now · paid −0.333% over the last 7D
Price−$1spread +0.056% now, avg +0.069% → −0.013% if it goes back
Costs−$1671.668% of $10k · taker + slippage, in and out
Result−$201−2.01%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.333% in total, about −0.0159%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.056%
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 · 4 to watch- Watch: Thin at this size28.7 / 66.8 bpAt $10k entering BingX costs 66.8 bp, fee and slippage, 2.3× tradeXYZ’s.
- Note: Margin at max leverage$1,000 + —tradeXYZ 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: −$18.78Long tradeXYZ: 24 payments, −$20.28; short BingX: 3 payments, +$1.50.
- Note: Gap at its usual level+0.056% vs +0.069%The price leg adds little either way.
- Watch: Short 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: KYCtradeXYZ 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−0.0159%/8h × 21 periods−$33.31
Price spread+0.056% → +0.069% (7d avg)−$1.34
Slippage, 4 orderslive order books−$154.95
Fee tradeXYZ bp × 2 orders−$1.80
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$201.40
Costs to cover1.668%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 9 min ago; BingX: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ5.0928.7 bp−$29194.7 bp−$1,947doesn’t fitdoesn’t fit
SELL · SHORTBingX29.0266.8 bp−$67145.2 bp−$1,452375.1 bp−$37.5K870.8 bp−$435.4K
Closing costs about the same again.
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