Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 980.10 | +0.0229 | pay 0.0686% / 24h | 9h 56m | $186K | $1.6M | 4.5x | Long Kalshi | |
| SHORT | 984.30 | −0.0100 | pay 0.0050% / 4h | 3h 56m | $935K | $1.6M | — | Short BingX |
Price gap+0.429%
Funding gap−0.0329% /8h
The gap pays +$34 on $10k if it goes back to its 7d average, but funding costs $10 a day and eats that in about 3.5 days. At the last 7 days' pace that is about 45 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$5−0.0329% /8h now · paid −0.053% over the last 7D
Price+$34spread +0.429% now, avg +0.085% → +0.344% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$29+0.29%no pointscosts unknown: book too thin at $10k · What 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 −0.053% in total, about −0.0025%/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+0.429%
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 19 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Kalshi’s order book right now.
- Note: Margin at max leverage$2,181 + —Kalshi 4.5x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ24h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$9.86Long Kalshi: 1 payment, −$6.86; short BingX: 6 payments, −$3.00.
- OK: Entry gap works for you+0.429% vs +0.085%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$186K vs $935K OIKalshi sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKalshi Yes · BingX YesA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0025%/8h × 21 periods−$5.33
Price spread+0.429% → +0.085% (7d avg)+$34.37
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Kalshi bp × 2 orders−$0.48
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Kalshi: live order book, 1 min ago; BingX: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKalshi570.42doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX0.866.2 bp−$610.5 bp−$10525.7 bp−$2,567508.3 bp−$254.2K
Closing costs about the same again.