Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 7.8690 | −0.0050 | get 0.0050% / 8h | 7h 10m | $924K | $685K | — | Long BingX | |
| SHORT | 7.8760 | +0.0322 | get 0.0322% / 8h | 7h 10m | $202K | $458K | 25x | Short Bybit |
Price gap+0.089%
Funding gap+0.0372% /8h
Funding trade: +$11 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$11+0.0372% /8h now · paid +0.108% over the last 7D
Price$0spread +0.089% now, avg +0.092% → −0.003% if it goes back
Costs−$4084.083% of $10k · taker + slippage, in and out
Result−$398−3.98%no points
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.108% in total, about +0.0051%/8h on average.
Price and funding
1h · historyEntry / Exit
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+0.089%
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
/8hWEN on 12 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size21.5 / 125.6 bpAt $10k entering Bybit costs 125.6 bp, fee and slippage, 5.8× BingX’s.
- Note: Margin at max leverage— + $400BingX —, Bybit 25x. 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: +$11.17Long BingX: 3 payments, +$1.50; short Bybit: 3 payments, +$9.67.
- Note: Gap at its usual level+0.089% vs +0.092%The price leg adds little either way.
- Watch: Short leg is thinner$202K vs $924K OIBybit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · Bybit 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+0.0051%/8h × 21 periods+$10.79
Price spread+0.089% → +0.092% (7d avg)−$0.29
Slippage, 4 orderslive order books−$387.26
Fee BingX bp × 2 orders−$10.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$397.76
Costs to cover4.083%Break-even265.2 days
Slippage: BingX: live order book, 20 min ago; Bybit: live order book, 22 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX2.5521.5 bp−$2296.9 bp−$969207.5 bp−$20.7K749.0 bp−$374.5K
SELL · SHORTBybit1.27125.6 bp−$126doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
WEN news
posts that mention WEN, from every exchange| 10-30 09:00 | KuCoin | Listing | new market WENUSDTM ($WEN) seen by our collector |
| 10-29 02:56 | Ondo Perps | Listing | New equity perps now live: ▸ $RDDT - Reddit ▸ $ASML - ASML Holding ▸ $NKE - Nike Inc ▸ $WEN - Wendy’s Trade now → @OndoPerps on X ↗ |
| 10-27 00:18 | Ondo Perps | Listing | new market WEN-USD.P ($WEN) seen by our collector |


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