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Funding arb · Price arb /

BLEND

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0678%/8h= +74.2% APRnext payment +$3.39 per $10,000 · paid last 24h +0.004%
Price spread now: BingX against KuCoin+0.180%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,407as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,407as in the Price arb table
costs, in and out, $10k−$1,41714.169% of the position
Long on KuCoinShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.100%+$10 on $10k
Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.180%, 7d avg +0.077%
Together, before fees−0.032%−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and BingX is 0.102% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.077%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BLENDUSDTM0.06684−0.0578get 0.0289% / 4h2h 20m$233K$211K20x
ShortBingX BLEND-USDT0.066960.0100get 0.0050% / 4h2h 20m—$1.6M—

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$142.38
Price spread: +0.180% → +0.077%
$10.21
Slippage, 4 orders
−$1,394.86
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$1,264.27
Costs to cover
14.169%
Break-even
69.2 days
Slippage from KuCoin: live order book, 36 min ago; BingX: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 36 min ago8.98 bp623.3 bp −$623doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 11 min ago10.46 bp44.3 bp −$44190.0 bp −$1,9001099.6 bp −$110.0Kdoesn't fit

BLEND on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin BLENDUSDTMlong−0.0578%4h0.06684long leg$233K$211K20x
Aster BLENDUSDT+0.0100%1h0.06728+0.656%$2K$3183xas long as short
Bybit BLENDUSDT+0.0100%4h0.06701+0.254%$840K$289K20xas long as short
OKX BLEND-USDT-SWAP+0.0100%4h0.06711+0.404%$178K$206K20xas long as short
Gate BLEND_USDT+0.0100%4h0.06694+0.150%$55K$15K20xas long as short
MEXC BLEND_USDT+0.0100%4h0.06701+0.254%$1.8M$166K50xas long as short
BingX BLEND-USDTshort+0.0100%4h0.06696+0.180%—$1.6M—