Funding you earn now, next payment 08:00 UTC+0.0474%/8h= +51.9% APRnext payment +$2.37 per $10,000 · paid last 24h +0.103%
Price spread now: KuCoin against BingX−0.116%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$904as in the Funding arb table
Net, price: spread back to 7d avg − costs−$931as in the Price arb table
costs, in and out, $10k−$9269.265% of the position
Funding, last 7 days+0.223%+$22 on $10k
+Price spread, last 7 days−0.002%$0 · spread now −0.116%, 7d avg −0.066%
=Funding pays, the price is against you. KuCoin is 0.050% cheaper against BingX than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.066%). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.223% in total) that is about 38 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.223% in total (about 11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX APR-USDT | 0.1467 | 0.0278 | pay 0.0139% / 4h | 23m 21s | — | $1.4M | — |
| Short | KuCoin APRUSDTM | 0.1465 | 0.0752 | get 0.0376% / 4h | 23m 21s | $2.3M | $344K | 50x |
BingX APR-USDT
KuCoin APRUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BingX. 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
- $99.54
- Price spread: −0.116% → −0.066%
- −$5.01
- Slippage, 4 orders
- −$904.47
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$831.94
- Costs to cover
- 9.265%
- Break-even
- 65.5 days
Slippage from BingX: live order book, 8 min ago; KuCoin: live order book, 3 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 BingX live order book, 8 min ago | 10.21 bp | 37.2 bp −$37 | 135.8 bp −$1,358 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 12.61 bp | 408.8 bp −$409 | doesn't fit | doesn't fit | doesn't fit |
APR on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin APR-USDT | +0.0096% | 4h | 0.1470 | +0.204% | $288K | $112K | 50x | as long as short |
| Binance APRUSDT | +0.0100% | 4h | 0.1467 | +0.013% | $6.7M | $5.1M | 50x | as long as short |
| Bybit APRUSDT | +0.0100% | 4h | 0.1466 | −0.068% | $1.5M | $643K | 20x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1467 | 0.000% | $367K | $174K | 50x | as long as short |
| Bitget APRUSDT | +0.0100% | 4h | 0.1469 | +0.116% | $3.9M | $1.0M | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1465 | −0.130% | $2K | $1.2M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1476 | +0.613% | $19K | $38K | 20x | as long as short |
| OKX APR-USDT-SWAP | +0.0244% | 4h | 0.1468 | +0.068% | $1.3M | $2.5M | 20x | as long as short |
| BingX APR-USDTlong | +0.0278% | 4h | 0.1467 | long leg | — | $1.4M | — | |
| Aster APRUSDT | +0.0600% | 4h | 0.1467 | +0.028% | $71K | $78K | 5x | as long as short |
BloFin APR-USDT
Binance APRUSDT
Bybit APRUSDT
MEXC APR_USDT
Bitget APRUSDT
SunX APR-USDT
HTX APR-USDT
OKX APR-USDT-SWAP
Aster APRUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate APR_USDT | +0.0686% | 4h | 0.1466 | −0.095% | $695K | $213K | 25x | as long as short |
| KuCoin APRUSDTMshort | +0.0752% | 4h | 0.1465 | −0.116% | $2.3M | $344K | 50x |
Gate APR_USDT