Funding you earn now, next payment 04:00 UTC+0.1392%/8h= +152.4% APRnext payment +$6.96 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against BingX+0.196%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,334as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,318as in the Price arb table
costs, in and out, $10k−$1,33813.382% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)−0.279%−$28 · spread now +0.196%, 7d avg −0.009%
=Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and KuCoin is 0.205% dearer against BingX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.009%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.96 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 BILL-USDT | 0.01379 | 0.0442 | pay 0.0221% / 4h | 1h 13m | — | $1.7M | — |
| Short | KuCoin BILLUSDTM | 0.01382 | 0.1834 | get 0.0917% / 4h | 1h 13m | $459K | $308K | 20x |
BingX BILL-USDT
KuCoin BILLUSDTMFunding 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
- $292.32
- Price spread: +0.196% → −0.009%
- $20.48
- Slippage, 4 orders
- −$1,316.18
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,025.39
- Costs to cover
- 13.382%
- Break-even
- 31.6 days
Slippage from BingX: live order book, 9 min ago; KuCoin: 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 BingX live order book, 9 min ago | 10.83 bp | 39.7 bp −$40 | 125.6 bp −$1,256 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 13.00 bp | 567.6 bp −$568 | doesn't fit | doesn't fit | doesn't fit |
BILL on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BILLUSDT | +0.0100% | 4h | 0.01380 | +0.073% | $1.3M | $960K | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01380 | +0.073% | $278K | $84K | 20x | as long as short |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01381 | +0.145% | $640K | $1.1M | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.0100% | 1h | 0.01378 | −0.073% | $21K | $939 | 5x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01383 | +0.290% | $1K | $1.1M | 20x | as long as short |
| HTX BILL-USDT | +0.0100% | 4h | 0.01376 | −0.218% | $11K | $39K | 20x | as long as short |
| BloFin BILL-USDT | +0.0131% | 4h | 0.01383 | +0.290% | $146K | $19K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0183% | 4h | 0.01380 | +0.073% | $1.1M | $2.7M | 20x | as long as short |
| Aster BILLUSDT | +0.0245% | 4h | 0.01380 | +0.081% | $2K | $4K | 5x | as long as short |
| BingX BILL-USDTlong | +0.0442% | 4h | 0.01379 | long leg | — | $1.7M | — |
Bybit BILLUSDT
Gate BILL_USDT
Bitget BILLUSDT
Backpack BILL_USDC_PERP
SunX BILL-USDT
HTX BILL-USDT
BloFin BILL-USDT
OKX BILL-USDT-SWAP
Aster BILLUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BILL_USDT | +0.0444% | 4h | 0.01380 | +0.073% | $1.1M | $338K | 50x | as long as short |
| Binance BILLUSDT | +0.0446% | 4h | 0.01380 | +0.073% | $2.5M | $3.8M | 20x | as long as short |
| Extended BILL-USD | +0.0448% | 1h | 0.01380 | +0.046% | $1K | $222K | 5x | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0688% | 1h | 0.01380 | +0.109% | $46K | $51K | 50x | as long as short |
| KuCoin BILLUSDTMshort | +0.1834% | 4h | 0.01382 | +0.196% | $459K | $308K | 20x | |
| Deribit BILL_USDC-PERPETUAL | +0.2362% | 1h | 0.01382 | +0.203% | $108K | $14K | 10x | as long as short |
MEXC BILL_USDT
Binance BILLUSDT
Extended BILL-USD
Coinbase International BILL-PERP-INTX
Deribit BILL_USDC-PERPETUAL