Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.102%
Price spread now: BingX against KuCoin−0.214%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$433as in the Funding arb table
Net, price: spread back to 7d avg − costs−$419as in the Price arb table
costs, in and out, $10k−$4044.044% of the position
Funding, last 7 days−0.286%−$29 on $10k
+Price spread, last 7 days+0.149%+$15 · spread now −0.214%, 7d avg −0.064%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.151% cheaper against KuCoin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.064%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CPUSDTM | 0.01399 | 0.0100 | pay 0.0050% / 4h | 1h 13m | $200K | $891K | 20x |
| Short | BingX CP-USDT | 0.01396 | 0.0070 | get 0.0035% / 4h | 1h 13m | — | $1.0M | — |
KuCoin CPUSDTM
BingX CP-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: −0.214% → −0.064%
- −$15.05
- Slippage, 4 orders
- −$382.37
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$425.73
- Costs to cover
- 4.044%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 40 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, 40 min ago | 7.20 bp | 167.9 bp −$168 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 10.79 bp | 33.6 bp −$34 | 96.5 bp −$965 | doesn't fit | doesn't fit |
CP on 8 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 CP-USDTshort | +0.0070% | 4h | 0.01396 | −0.214% | — | $1.0M | — | |
| BloFin CP-USDT | +0.0092% | 4h | 0.01397 | −0.143% | $430 | $41K | 20x | as long as short |
| Bybit CPUSDT | +0.0100% | 4h | 0.01396 | −0.214% | $1.4M | $2.5M | 20x | as long as short |
| OKX CP-USDT-SWAP | +0.0100% | 4h | 0.01396 | −0.214% | $3.9M | $11.2M | 20x | as long as short |
| Gate CP_USDT | +0.0100% | 4h | 0.01396 | −0.214% | $616K | $554K | 20x | as long as short |
| MEXC CP_USDT | +0.0100% | 4h | 0.01395 | −0.286% | $1.5M | $363K | 20x | as long as short |
| KuCoin CPUSDTMlong | +0.0100% | 4h | 0.01399 | long leg | $200K | $891K | 20x | |
| Bitget CPUSDT | +0.0100% | 4h | 0.01395 | −0.272% | $788K | $1.5M | 20x | as long as short |
BloFin CP-USDT
Bybit CPUSDT
OKX CP-USDT-SWAP
Gate CP_USDT
MEXC CP_USDT
Bitget CPUSDT