Funding you earn now, next payment 12:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.009%
Price spread now: KuCoin against BingX−0.038%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$892as in the Funding arb table
Net, price: spread back to 7d avg − costs−$862as in the Price arb table
costs, in and out, $10k−$8548.539% of the position
Funding, last 7 days−0.377%−$38 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.038%, 7d avg +0.042%
=Funding pays, the price is against you. KuCoin is 0.081% cheaper against BingX than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.042%). If the spread goes back, that is −$8 on $10k: about 9.0 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.377%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX AXL-USDT | 0.05231 | 0.0070 | pay 0.0035% / 4h | 3h 11m | — | $2.3M | — |
| Short | KuCoin AXLUSDTM | 0.05229 | 0.0100 | get 0.0050% / 4h | 3h 11m | $450K | $72K | 30x |
BingX AXL-USDT
KuCoin AXLUSDTMFunding 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
- $6.3
- Price spread: −0.038% → +0.042%
- −$8.07
- Slippage, 4 orders
- −$831.94
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$855.71
- Costs to cover
- 8.539%
- Break-even
- 957.8 days
Slippage from BingX: live order book, 7 min ago; KuCoin: live order book, 12 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, 7 min ago | 6.70 bp | 23.6 bp −$24 | 106.0 bp −$1,060 | 566.1 bp −$56.6K | 751.3 bp −$375.7K |
| Sell KuCoin live order book, 12 min ago | 11.51 bp | 367.9 bp −$368 | doesn't fit | doesn't fit | doesn't fit |
AXL 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX AXL-USDTlong | +0.0070% | 4h | 0.05231 | long leg | — | $2.3M | — | |
| BloFin AXL-USDT | +0.0089% | 4h | 0.05225 | −0.115% | $115K | $9K | 50x | as long as short |
| Aster AXLUSDT | +0.0100% | 4h | 0.05233 | +0.043% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05230 | −0.019% | $1.8M | $2.7M | 50x | as long as short |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05230 | −0.019% | $1.5M | $1.2M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05228 | −0.057% | $318K | $149K | 50x | as long as short |
| KuCoin AXLUSDTMshort | +0.0100% | 4h | 0.05229 | −0.038% | $450K | $72K | 30x | |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05232 | +0.019% | $564K | $305K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05236 | +0.091% | $6K | $23K | — | as long as short |
BloFin AXL-USDT
Aster AXLUSDT
Binance AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
Bitget AXLUSDT
Variational Omni AXL