Funding you earn now, next payment 08:00 UTC−0.0446%/8h= −48.8% APRnext payment −$2.23 per $10,000 · paid last 24h −0.103%
Price spread now: BingX against KuCoin−0.047%7-day average +0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$793as in the Funding arb table
Net, price: spread back to 7d avg − costs−$782as in the Price arb table
costs, in and out, $10k−$7717.706% of the position
Funding, last 7 days−0.223%−$22 on $10k
+Price spread, last 7 days+0.174%+$17 · spread now −0.047%, 7d avg +0.066%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and BingX is 0.113% cheaper against KuCoin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.066%). Swap the legs.
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 −$2.23 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 | KuCoin APRUSDTM | 0.1484 | 0.0864 | pay 0.0432% / 4h | 2h 36m | $2.4M | $343K | 50x |
| Short | BingX APR-USDT | 0.1483 | 0.0418 | get 0.0209% / 4h | 2h 36m | — | $1.4M | — |
KuCoin APRUSDTM
BingX APR-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
- −$93.66
- Price spread: −0.047% → +0.066%
- −$11.29
- Slippage, 4 orders
- −$748.62
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$875.57
- Costs to cover
- 7.706%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; BingX: live order book, 5 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, 5 min ago | 10.11 bp | 500.8 bp −$501 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 10.10 bp | 41.9 bp −$42 | 140.5 bp −$1,405 | 274.6 bp −$27.5K | 1160.9 bp −$580.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance APRUSDT | +0.0100% | 4h | 0.1484 | +0.046% | $6.8M | $5.1M | 50x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1484 | +0.020% | $372K | $175K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1485 | +0.094% | $2K | $1.1M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1491 | +0.492% | $19K | $44K | 20x | as long as short |
| BloFin APR-USDT | +0.0110% | 4h | 0.1480 | −0.249% | $289K | $110K | 50x | as long as short |
| Bybit APRUSDT | +0.0157% | 4h | 0.1484 | +0.020% | $1.4M | $631K | 20x | as long as short |
| Bitget APRUSDT | +0.0194% | 4h | 0.1483 | −0.054% | $4.0M | $995K | 50x | as long as short |
| BingX APR-USDTshort | +0.0418% | 4h | 0.1483 | −0.047% | — | $1.4M | — | |
| OKX APR-USDT-SWAP | +0.0427% | 4h | 0.1484 | +0.020% | $1.3M | $2.5M | 20x | as long as short |
| Aster APRUSDT | +0.0781% | 4h | 0.1480 | −0.238% | $72K | $80K | 5x | as long as short |
Binance APRUSDT
MEXC APR_USDT
SunX APR-USDT
HTX APR-USDT
BloFin APR-USDT
Bybit APRUSDT
Bitget APRUSDT
OKX APR-USDT-SWAP
Aster APRUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin APRUSDTMlong | +0.0864% | 4h | 0.1484 | long leg | $2.4M | $343K | 50x | |
| Gate APR_USDT | +0.1088% | 4h | 0.1482 | −0.121% | $701K | $204K | 25x | as long as short |
Gate APR_USDT