Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 16.730 | +0.1229 | pay 0.1229% / 8h | 1h 43m | $919K | $1.2M | — | Long BingX | |
| SHORT | 16.753 | +0.0252 | get 0.0252% / 8h | 1h 43m | $84K | $3K | 20x | Short Variational Omni+15% pts |
Price gap+0.135%
Funding gap−0.0977% /8h
The gap pays +$13 on $10k if it goes back to zero (no 7-day history yet), but funding costs $29 a day and eats that in about 11 hours. At the last 7 days' pace that is about 5.0 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$19−0.0977% /8h now · paid −0.188% over the last 7D
Price—spread +0.135% now · no price history on both exchanges yet
Costs−$980.980% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.188% in total, about −0.0090%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.135%
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
2 ok · 3 to watch- Watch: Thin at this size10.2 / 46.1 bpAt $10k entering Variational Omni costs 46.1 bp, fee and slippage, 4.5× BingX’s.
- Note: Margin at max leverage— + $500BingX —, Variational Omni 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$29.31Long BingX: 3 payments, −$36.87; short Variational Omni: 3 payments, +$7.56.
- Note: No 7-day spread history+0.135%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$84K vs $919K OIVariational Omni sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · Variational Omni 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−0.0090%/8h × 21 periods−$18.82
Price spread+0.135% → 0+$13.48
Slippage, 4 orderslive order books−$87.98
Fee BingX bp × 2 orders−$10.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$103.32
Costs to cover0.980%Break-evennever at this rate
Slippage: BingX: live order book, 2 min ago; Variational Omni: RFQ quote, 19 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX2.9910.2 bp−$1024.2 bp−$24295.2 bp−$9,516doesn’t fit
SELL · SHORTVariational Omni11.4646.1 bp−$4673.5 bp−$735doesn’t fitdoesn’t fit
Closing costs about the same again.
QFEX