Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: KuCoin against BingX−0.135%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$484as in the Funding arb table
Net, price: spread back to 7d avg − costs−$475as in the Price arb table
costs, in and out, $10k−$4664.657% of the position
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.135%, 7d avg −0.040%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.095% cheaper against BingX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX AUCTION-USDT | 3.7140 | 0.0100 | pay 0.0050% / 4h | 1h 13m | — | $7.7M | — |
| Short | KuCoin AUCTIONUSDTM | 3.7090 | 0.0100 | get 0.0050% / 4h | 1h 13m | $372K | $111K | 20x |
BingX AUCTION-USDT
KuCoin AUCTIONUSDTMFunding 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
- $0
- Price spread: −0.135% → −0.040%
- −$9.51
- Slippage, 4 orders
- −$443.67
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$475.18
- Costs to cover
- 4.657%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; KuCoin: live order book, 8 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, 4 min ago | 5.37 bp | 24.7 bp −$25 | 72.4 bp −$724 | 427.8 bp −$42.8K | 573.0 bp −$286.5K |
| Sell KuCoin live order book, 8 min ago | 8.07 bp | 209.8 bp −$210 | doesn't fit | doesn't fit | doesn't fit |
AUCTION 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AUCTIONUSD | −0.0364% | 1h | 3.7111 | −0.078% | $8K | $256 | 10x | as long as short |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.7096 | −0.119% | $977 | $3K | 5x | as long as short |
| Binance AUCTIONUSDT | +0.0100% | 4h | 3.7110 | −0.081% | $2.5M | $1.6M | 50x | as long as short |
| Bybit AUCTIONUSDT | +0.0100% | 4h | 3.7140 | 0.000% | $593K | $275K | 25x | as long as short |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.7110 | −0.081% | $780K | $685K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.7110 | −0.081% | $104K | $72K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.7110 | −0.081% | $439K | $145K | 20x | as long as short |
| KuCoin AUCTIONUSDTMshort | +0.0100% | 4h | 3.7090 | −0.135% | $372K | $111K | 20x | |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.7120 | −0.054% | $374K | $158K | 25x | as long as short |
| BingX AUCTION-USDTlong | +0.0100% | 4h | 3.7140 | long leg | — | $7.7M | — |
Kraken Futures PF_AUCTIONUSD
Aster AUCTIONUSDT
Binance AUCTIONUSDT
Bybit AUCTIONUSDT
OKX AUCTION-USDT-SWAP
Gate AUCTION_USDT
MEXC AUCTION_USDT
Bitget AUCTIONUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AUCTION | +0.0100% | 4h | 3.7218 | +0.209% | $172 | $38 | — | as long as short |
Variational Omni AUCTION