Funding you earn now, next payment 04:00 UTC−0.1048%/8h= −114.8% APRnext payment −$5.24 per $10,000 · paid last 24h −0.030%
Price spread now: BingX against KuCoin−0.152%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,335as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,347as in the Price arb table
costs, in and out, $10k−$1,33013.305% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.152%, 7d avg +0.010%
=Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and BingX is 0.162% cheaper against KuCoin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
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 −$5.24 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 | KuCoin BILLUSDTM | 0.01382 | 0.1334 | pay 0.0667% / 4h | 26m 12s | $460K | $314K | 20x |
| Short | BingX BILL-USDT | 0.01380 | 0.0286 | get 0.0143% / 4h | 26m 12s | — | $1.7M | — |
KuCoin BILLUSDTM
BingX BILL-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
- −$220.08
- Price spread: −0.152% → +0.010%
- −$16.15
- Slippage, 4 orders
- −$1,308.46
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,566.69
- Costs to cover
- 13.305%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 56 min ago; BingX: live order book, 6 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, 56 min ago | 13.00 bp | 698.3 bp −$698 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 7.24 bp | 29.2 bp −$29 | 119.2 bp −$1,192 | 968.7 bp −$96.9K | 1390.6 bp −$695.3K |
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 | 0.01378 | −0.297% | $1.3M | $997K | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01379 | −0.224% | $277K | $86K | 20x | as long as short |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01381 | −0.080% | $646K | $1.1M | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.0100% | 1h | 0.01382 | −0.007% | $21K | $951 | 5x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01381 | −0.080% | $2K | $1.1M | 20x | as long as short |
| HTX BILL-USDT | +0.0100% | 4h | 0.01382 | −0.007% | $11K | $39K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0137% | 4h | 0.01381 | −0.080% | $1.1M | $2.8M | 20x | as long as short |
| BloFin BILL-USDT | +0.0142% | 4h | 0.01381 | −0.080% | $145K | $19K | 20x | as long as short |
| Aster BILLUSDT | +0.0152% | 4h | 0.01379 | −0.195% | $2K | $4K | 5x | as long as short |
| Extended BILL-USD | +0.0280% | 1h | 0.01379 | −0.192% | $2K | $220K | 5x | as long as short |
Bybit BILLUSDT
Gate BILL_USDT
Bitget BILLUSDT
Backpack BILL_USDC_PERP
SunX BILL-USDT
HTX BILL-USDT
OKX BILL-USDT-SWAP
BloFin BILL-USDT
Aster BILLUSDT
Extended BILL-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BILL_USDT | +0.0282% | 4h | 0.01381 | −0.080% | $1.1M | $341K | 50x | as long as short |
| Binance BILLUSDT | +0.0283% | 4h | 0.01381 | −0.113% | $2.5M | $3.9M | 20x | as long as short |
| BingX BILL-USDTshort | +0.0286% | 4h | 0.01380 | −0.152% | — | $1.7M | — | |
| Coinbase International BILL-PERP-INTX | +0.0688% | 1h | 0.01378 | −0.268% | $66K | $72K | 50x | as long as short |
| KuCoin BILLUSDTMlong | +0.1334% | 4h | 0.01382 | long leg | $460K | $314K | 20x | |
| Deribit BILL_USDC-PERPETUAL | +0.2001% | 1h | 0.01380 | −0.137% | $108K | $14K | 10x | as long as short |
MEXC BILL_USDT
Binance BILLUSDT
Coinbase International BILL-PERP-INTX
Deribit BILL_USDC-PERPETUAL