Funding you earn now, next payment 08:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.35 per $10,000 · paid last 24h −0.006%
Price spread now: BingX against KuCoin+0.039%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$499as in the Funding arb table
Net, price: spread back to 7d avg − costs−$510as in the Price arb table
costs, in and out, $10k−$5025.023% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 7 days+0.184%+$18 · spread now +0.039%, 7d avg +0.112%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.073% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.112%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ALCHUSDTM | 0.05171 | 0.0840 | pay 0.0420% / 4h | 2h 15m | $1.2M | $297K | 10x |
| Short | BingX ALCH-USDT | 0.05173 | 0.0770 | get 0.0385% / 4h | 2h 15m | — | $6.8M | — |
KuCoin ALCHUSDTM
BingX ALCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14.7
- Price spread: +0.039% → +0.112%
- −$7.29
- Slippage, 4 orders
- −$480.27
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$524.26
- Costs to cover
- 5.023%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; BingX: live order book, 7 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 4 min ago | 20.18 bp | 281.6 bp −$282 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 6.75 bp | 28.4 bp −$28 | 191.7 bp −$1,917 | 690.0 bp −$69.0K | 871.7 bp −$435.8K |
ALCH on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ALCHUSDT | +0.0100% | 4h | 0.05169 | −0.039% | $3.0M | $6.4M | 20x | as long as short |
| Gate ALCH_USDT | +0.0100% | 4h | 0.05167 | −0.077% | $293K | $715K | 20x | as long as short |
| Bitget ALCHUSDT | +0.0100% | 4h | 0.05169 | −0.039% | $913K | $1.9M | 10x | as long as short |
| Variational Omni ALCH | +0.0100% | 4h | 0.05161 | −0.200% | $4K | $18K | — | as long as short |
| Aster ALCHUSDT | +0.0669% | 4h | 0.05169 | −0.039% | $14K | $123K | 5x | as long as short |
| BingX ALCH-USDTshort | +0.0770% | 4h | 0.05173 | +0.039% | — | $6.8M | — | |
| BloFin ALCH-USDT | +0.0781% | 4h | 0.05155 | −0.309% | $393K | $117K | 10x | as long as short |
| Binance ALCHUSDT | +0.0814% | 4h | 0.05172 | +0.019% | $6.1M | $28.2M | 10x | as long as short |
| MEXC ALCH_USDT | +0.0820% | 4h | 0.05168 | −0.058% | $5.1M | $2.5M | 100x | as long as short |
| KuCoin ALCHUSDTMlong | +0.0840% | 4h | 0.05171 | long leg | $1.2M | $297K | 10x |
Bybit ALCHUSDT
Gate ALCH_USDT
Bitget ALCHUSDT
Variational Omni ALCH
Aster ALCHUSDT
BloFin ALCH-USDT
Binance ALCHUSDT
MEXC ALCH_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALCHUSD | +0.3333% | 1h | 0.05161 | −0.201% | $13K | $35K | 10x | as long as short |
Kraken Futures PF_ALCHUSD