Funding you earn now, next payment 08:00 UTC+0.0562%/8h= +61.5% APRnext payment +$2.81 per $10,000 · paid last 24h +0.009%
Price spread now: BingX against KuCoin−0.232%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$399as in the Funding arb table
Net, price: spread back to 7d avg − costs−$445as in the Price arb table
costs, in and out, $10k−$4204.201% of the position
Funding, last 7 days+0.215%+$21 on $10k
+Price spread, last 7 days+0.129%+$13 · spread now −0.232%, 7d avg +0.012%
=Funding pays, the price is against you. BingX is 0.244% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.232% now, against its 7-day average of +0.012%). If the spread goes back, that is −$24 on $10k: about 35 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.215% in total) that is about 8.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.215% in total (about 11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.81 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 CYSUSDTM | 0.1721 | 0.0100 | pay 0.0050% / 4h | 23m 34s | $1.4M | $229K | 20x |
| Short | BingX CYS-USDT | 0.1717 | 0.0662 | get 0.0331% / 4h | 23m 34s | — | $1.3M | — |
KuCoin CYSUSDTM
BingX CYS-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
- $118.02
- Price spread: −0.232% → +0.012%
- −$24.45
- Slippage, 4 orders
- −$398.07
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$326.5
- Costs to cover
- 4.201%
- Break-even
- 26.4 days
Slippage from KuCoin: live order book, 2 min ago; BingX: live order book, 8 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, 2 min ago | 19.97 bp | 304.9 bp −$305 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 8.47 bp | 31.3 bp −$31 | 104.6 bp −$1,046 | doesn't fit | doesn't fit |
CYS on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CYSUSDTMlong | +0.0100% | 4h | 0.1721 | long leg | $1.4M | $229K | 20x | |
| Bitget CYSUSDT | +0.0100% | 4h | 0.1719 | −0.116% | $1.9M | $1.0M | 25x | as long as short |
| Aster CYSUSDT | +0.0143% | 4h | 0.1716 | −0.272% | $263K | $106K | 10x | as long as short |
| Binance CYSUSDT | +0.0187% | 4h | 0.1719 | −0.135% | $4.8M | $7.3M | 20x | as long as short |
| MEXC CYS_USDT | +0.0202% | 4h | 0.1717 | −0.232% | $1.8M | $332K | 50x | as long as short |
| edgeX CYSUSDC | +0.0211% | 4h | 0.1754 | +1.914% | $7K | $111K | 10x | as long as short |
| Variational Omni CYS | +0.0409% | 4h | 0.1758 | +2.160% | $37K | $13K | — | as long as short |
| Bybit CYSUSDT | +0.0622% | 4h | 0.1717 | −0.232% | $1.6M | $1.6M | 13x | as long as short |
| BingX CYS-USDTshort | +0.0662% | 4h | 0.1717 | −0.232% | — | $1.3M | — | |
| Gate CYS_USDT | +0.0708% | 4h | 0.1716 | −0.291% | $638K | $229K | 20x | as long as short |
Bitget CYSUSDT
Aster CYSUSDT
Binance CYSUSDT
MEXC CYS_USDT
edgeX CYSUSDC
Variational Omni CYS
Bybit CYSUSDT
Gate CYS_USDT