Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against KuCoin+0.075%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$768as in the Funding arb table
Net, price: spread back to 7d avg − costs−$824as in the Price arb table
costs, in and out, $10k−$8368.363% of the position
Funding, last 7 days+0.687%+$69 on $10k
+Price spread, last 4 days (all we have)−0.202%−$20 · spread now +0.075%, 7d avg −0.044%
=The price spread pays, funding is against you. BingX is 0.120% dearer against KuCoin than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of −0.044%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. Mind the row above: over the last 7 days funding on this pair paid +0.687%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin AXLUSDTM | 0.05309 | 0.0100 | pay 0.0050% / 4h | 3h 09m | $445K | $93K | 30x |
| Short | BingX AXL-USDT | 0.05313 | 0.0070 | get 0.0035% / 4h | 3h 09m | — | $2.3M | — |
KuCoin AXLUSDTM
BingX AXL-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
- −$6.3
- Price spread: +0.075% → −0.044%
- $11.96
- Slippage, 4 orders
- −$814.35
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$830.69
- Costs to cover
- 8.363%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 43 min ago; BingX: live order book, 9 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, 43 min ago | 11.45 bp | 314.8 bp −$315 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 4.75 bp | 32.0 bp −$32 | 126.8 bp −$1,268 | 647.1 bp −$64.7K | 896.2 bp −$448.1K |
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-USDTshort | +0.0070% | 4h | 0.05313 | +0.075% | — | $2.3M | — | |
| BloFin AXL-USDT | +0.0084% | 4h | 0.05288 | −0.396% | $122K | $11K | 50x | as long as short |
| Aster AXLUSDT | +0.0100% | 4h | 0.05313 | +0.068% | $35K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05313 | +0.069% | $1.9M | $4.0M | 50x | as long as short |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05319 | +0.188% | $1.5M | $1.9M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05311 | +0.038% | $344K | $161K | 50x | as long as short |
| KuCoin AXLUSDTMlong | +0.0100% | 4h | 0.05309 | long leg | $445K | $93K | 30x | |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05311 | +0.038% | $579K | $296K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05297 | −0.233% | $6K | $23K | — | as long as short |
BloFin AXL-USDT
Aster AXLUSDT
Binance AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
Bitget AXLUSDT
Variational Omni AXL