TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

XBI

RWAAll XBI markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
tradeXYZxyz:XBI
155.80−0.0197get 0.0025% / 1h54m 56s$334K$85K10xLong tradeXYZ
SHORT
BingXNCSKXBI2USD-USDT
156.27+0.0050get 0.0050% / 8h3h 54m$996K$1.0M—Short BingX
Price gap+0.302%
Funding gap+0.0247% /8h

Both sides work: funding pays +$7 a day on $10k, and the gap is 0.179% above its 7d average: +$18 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$21+0.0247% /8h now · paid +0.206% over the last 7D
Price+$18spread +0.302% now, avg +0.122% → +0.179% if it goes back
Costs−$1161.159% of $10k · taker + slippage, in and out
Result−$77−0.77%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.302%
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

/8h

XBI on 10 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • Watch: Thin at this size16.8 / 16.1 bp
    At $10k entering tradeXYZ costs 16.8 bp, fee and slippage, 1.0× BingX’s.
  • Note: Margin at max leverage$1,000 + —
    tradeXYZ 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$7.41Long tradeXYZ: 24 payments, +$5.91; short BingX: 3 payments, +$1.50.
  • OK: Entry gap works for you+0.302% vs +0.122%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$334K vs $996K OI
    tradeXYZ sets your exit cost. Check its book before closing.
  • OK: Points on a legtradeXYZ points
    Volume here counts toward the points program.
  • Watch: KYCtradeXYZ No · BingX Yes
    Advanced 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 out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0098%/8h × 21 periods+$20.64
Price spread+0.302% → +0.122% (7d avg)+$17.92
Slippage, 4 orderslive order books−$104.06
Fee tradeXYZ bp × 2 orders−$1.80
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$77.30
Costs to cover1.159%Break-even33.2 days
Slippage: tradeXYZ: live order book, 40 min ago; BingX: live order book, 11 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGtradeXYZ8.0216.8 bp−$17178.4 bp−$1,784doesn’t fitdoesn’t fit
SELL · SHORTBingX0.3216.1 bp−$1674.1 bp−$741249.1 bp−$24.9K853.3 bp−$426.6K

Closing costs about the same again.

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