Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,212.1 | +0.1038 | pay 0.0519% / 4h | 2h 24m | $935K | $6.6M | — | Long BingX | |
| SHORT | 1,210.4 | +0.0447 | get 0.0056% / 1h | 24m 04s | $2.6M | $198K | 20x | Short tradeXYZ |
Price gap−0.141%
Funding gap−0.0591% /8h
Funding costs $18 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$1−0.0591% /8h now · paid +0.013% over the last 7D
Price−$1spread −0.141% now, avg −0.126% → −0.015% if it goes back
Costs−$280.277% of $10k · taker + slippage, in and out
Result−$28−0.28%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.013% in total, about +0.0006%/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−0.141%
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- OK: Fits both order books10.7 / 7.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $500BingX —, tradeXYZ 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$17.72Long BingX: 6 payments, −$31.14; short tradeXYZ: 24 payments, +$13.42.
- Note: Gap at its usual level−0.141% vs −0.126%The price leg adds little either way.
- Watch: Long leg is thinner$935K vs $2.6M OIBingX sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · tradeXYZ 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+0.0006%/8h × 21 periods+$1.34
Price spread−0.141% → −0.126% (7d avg)−$1.49
Slippage, 4 orderslive order books−$15.94
Fee BingX bp × 2 orders−$10.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$27.89
Costs to cover0.277%Break-even152.5 days
Slippage: BingX: live order book, 14 min ago; tradeXYZ: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.0410.7 bp−$1120.8 bp−$208107.1 bp−$10.7K332.2 bp−$166.1K
SELL · SHORTtradeXYZ2.077.4 bp−$727.0 bp−$270doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | XPD/USD no longer reported ($XPD) seen by our collector |
| 09-23 13:33 | Kalshi | Listing | new market KXPALLADIUMPERP ($XPD) seen by our collector |


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