Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,223.6 | +0.0366 | pay 0.0183% / 4h | 2h 59m | $935K | $6.6M | — | Long BingX | |
| SHORT | 1,222.4 | 0 | 0.0000% / 4h | 2h 59m | — | $420K | 10x | Short SunX≤10% back |
Price gap−0.096%
Funding gap−0.0366% /8h
The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $11 a day and eats that in about 10 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$65−0.0366% /8h now · paid −0.655% over the last 7D
Price+$5spread −0.096% now, avg −0.142% → +0.047% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$61−0.61%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.096%
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
/8hXPD on 18 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage— + $1,000BingX —, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$10.98Long BingX: 6 payments, −$10.98; short SunX: 6 payments, $0.00.
- OK: Entry gap works for you−0.096% vs −0.142%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner— vs $935K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · SunX 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−0.0312%/8h × 21 periods−$65.49
Price spread−0.096% → −0.142% (7d avg)+$4.67
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee BingX bp × 2 orders−$10.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: BingX: live order book, 2 min ago; SunX: live order book, 66 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.046.9 bp−$715.9 bp−$159115.8 bp−$11.6K405.4 bp−$202.7K
SELL · SHORTSunX900.06doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | XPD/USD no longer reported ($XPD) seen by our collector |
| 09-23 13:33 | Kalshi | Listing | new market KXPALLADIUMPERP ($XPD) seen by our collector |
gTrade (Gains Network)
Kalshi