Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 139.07 | +0.0050 | pay 0.0050% / 8h | 5h 59m | $939K | $1.6M | — | Long BingX | |
| SHORT | 138.67 | +0.0002 | 0.0000% / 1h | 59m 24s | $1.3M | $536K | 10x | Short QFEX |
Price gap−0.288%
Funding gap−0.0048% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.155% 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−$17−0.0048% /8h now · paid −0.167% over the last 7D
Price−$16spread −0.288% now, avg −0.133% → −0.155% if it goes back
Costs−$920.922% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / ExitBingX: thin, under $1M open interest
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.288%
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
/8hVST on 10 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size30.7 / 12.9 bpAt $10k entering BingX costs 30.7 bp, fee and slippage, 2.4× QFEX’s.
- Note: Margin at max leverage— + $1,000BingX —, QFEX 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: −$1.44Long BingX: 3 payments, −$1.50; short QFEX: 24 payments, +$0.06.
- Watch: Gap narrower than usual−0.288% vs −0.133%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$939K vs $1.3M OIBingX 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−0.0079%/8h × 21 periods−$16.67
Price spread−0.288% → −0.133% (7d avg)−$15.50
Slippage, 4 orderslive order books−$62.19
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$124.36
Costs to cover0.922%Break-evennever at this rate
Slippage: BingX: live order book, 16 min ago; QFEX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX15.9030.7 bp−$3175.0 bp−$750172.1 bp−$17.2K642.2 bp−$321.1K
SELL · SHORTQFEX2.8912.9 bp−$1315.9 bp−$159doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-23 15:03 | Paragon | Other | A Vistra affiliate is supplying power into a Texas data-center build. $VST trades 24/7 on Hyperliquid. Up to 10x leverage. Trade now: @tradeparagon on X ↗ |
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