Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 16.930 | +0.1454 | pay 0.1454% / 8h | 4h 50m | $919K | $1.2M | — | Long BingX | |
| SHORT | 16.950 | 0 | 0.0000% / 1h | 50m 51s | $371K | $59K | 30x | Short QFEX |
Price gap+0.118%
Funding gap−0.1454% /8h
Both sides work against this direction now: funding costs $44 a day on $10k and the gap is 1.696% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$24−0.1454% /8h now · paid −0.235% over the last 5 days (all we have)
Price−$170spread +0.118% now, avg +1.814% → −1.696% if it goes back
Costs−$1051.049% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 5 days it paid −0.235% in total, about −0.0165%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.118%
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
/8hUVXY on 16 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size28.2 / 31.7 bpAt $10k entering QFEX costs 31.7 bp, fee and slippage, 1.1× BingX’s.
- Note: Margin at max leverage— + $333BingX —, QFEX 30x. 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: −$43.62Long BingX: 3 payments, −$43.62; short QFEX: 24 payments, $0.00.
- Watch: Gap narrower than usual+0.118% vs +1.814%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$371K vs $919K OIQFEX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · QFEX 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−0.0165%/8h × 21 periods−$34.59
Price spread+0.118% → +1.814% (7d avg)−$169.63
Slippage, 4 orderslive order books−$84.94
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$10.00
Net · 7 days · $10k−$309.16
Costs to cover1.049%Break-evennever at this rate
Slippage: BingX: live order book, 15 min ago; QFEX: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX8.9028.2 bp−$2849.0 bp−$490128.9 bp−$12.9Kdoesn’t fit
SELL · SHORTQFEX2.9731.7 bp−$32doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.