Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 459.21 | +0.0195 | pay 0.0195% / 8h | 1h 43m | $917K | $1.8M | — | Long BingX | |
| SHORT | 456.94 | +0.0821 | get 0.0410% / 4h | 1h 43m | $51K | $224K | 10x | Short edgeX |
Price gap−0.495%
Funding gap+0.0626% /8h
Funding pays +$19 a day on $10k, but the gap is 0.469% under its 7d average: −$47 if it goes back, about 2.5 days of funding.
Funding on this pair cost 0.394% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$39+0.0626% /8h now · paid −0.394% over the last 7D
Price−$47spread −0.495% now, avg −0.026% → −0.469% if it goes back
Costs−$350.350% of $10k · taker + slippage, in and out
Result−$121−1.21%+ Points / potential airdropedgeX: 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 −0.394% in total, about −0.0188%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.495%
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
/8hWDC on 19 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Large against open interest6.1 / 9.5 bp$10k is over 10% of edgeX’s open interest.
- Note: Margin at max leverage— + $1,000BingX —, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$18.77Long BingX: 3 payments, −$5.85; short edgeX: 6 payments, +$24.62.
- Watch: Gap narrower than usual−0.495% vs −0.026%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$51K vs $917K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · edgeX 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−0.0188%/8h × 21 periods−$39.38
Price spread−0.495% → −0.026% (7d avg)−$46.88
Slippage, 4 orderslive order books−$15.95
Fee BingX bp × 2 orders−$10.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$121.21
Costs to cover0.350%Break-evennever at this rate
Slippage: BingX: live order book, 8 min ago; edgeX: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.116.1 bp−$614.0 bp−$14047.1 bp−$4,707315.9 bp−$158.0K
SELL · SHORTedgeX2.759.5 bp−$9doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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