Funding you earn now, next payment 04:00 UTC+0.0234%/8h= +25.6% APRnext payment +$1.17 per $10,000 · paid last 24h −0.039%
Price spread now: KuCoin against BingX−0.125%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$940as in the Funding arb table
Net, price: spread back to 7d avg − costs−$957as in the Price arb table
costs, in and out, $10k−$9459.451% of the position
Funding, last 7 days+0.048%+$5 on $10k
+Price spread, last 4 days (all we have)−0.136%−$14 · spread now −0.125%, 7d avg −0.004%
=Funding pays, the price is against you. KuCoin is 0.121% cheaper against BingX than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of −0.004%). If the spread goes back, that is −$12 on $10k: about 41 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.048% in total) that is about 18 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.048% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.17 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 AWE-USDT | 0.06416 | 0.0100 | pay 0.0050% / 4h | 1h 13m | — | $6.5M | — |
| Short | KuCoin AWEUSDTM | 0.06408 | 0.0334 | get 0.0167% / 4h | 1h 13m | $147K | $61K | 20x |
BingX AWE-USDT
KuCoin AWEUSDTMFunding 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
- $49.14
- Price spread: −0.125% → −0.004%
- −$12.07
- Slippage, 4 orders
- −$923.07
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$907.99
- Costs to cover
- 9.451%
- Break-even
- 136.3 days
Slippage from BingX: live order book, 3 min ago; KuCoin: live order book, 1 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, 3 min ago | 5.45 bp | 32.6 bp −$33 | 104.4 bp −$1,044 | 939.3 bp −$93.9K | 1229.4 bp −$614.7K |
| Sell KuCoin live order book, 1 min ago | 9.36 bp | 642.0 bp −$642 | doesn't fit | doesn't fit | doesn't fit |
AWE on 9 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 AWE-USDT | +0.0095% | 4h | 0.06411 | −0.078% | $144K | $27K | 40x | as long as short |
| Aster AWEUSDT | +0.0100% | 4h | 0.06414 | −0.038% | $2K | $8K | 5x | as long as short |
| Binance AWEUSDT | +0.0100% | 4h | 0.06414 | −0.031% | $2.2M | $1.4M | 40x | as long as short |
| Bybit AWEUSDT | +0.0100% | 4h | 0.06418 | +0.031% | $537K | $225K | 25x | as long as short |
| MEXC AWE_USDT | +0.0100% | 4h | 0.06413 | −0.047% | $1.1M | $133K | 20x | as long as short |
| Bitget AWEUSDT | +0.0100% | 4h | 0.06415 | −0.022% | $447K | $266K | 40x | as long as short |
| BingX AWE-USDTlong | +0.0100% | 4h | 0.06416 | long leg | — | $6.5M | — | |
| KuCoin AWEUSDTMshort | +0.0334% | 4h | 0.06408 | −0.125% | $147K | $61K | 20x | |
| Gate AWE_USDT | +0.0854% | 8h | 0.06407 | −0.140% | $46K | $35K | 25x | as long as short |
BloFin AWE-USDT
Aster AWEUSDT
Binance AWEUSDT
Bybit AWEUSDT
MEXC AWE_USDT
Bitget AWEUSDT
Gate AWE_USDT