Funding you earn now, next payment 00:00 UTC−0.3282%/8h= −359.4% APRnext payment −$16.41 per $10,000 · paid last 24h −0.405%
Price spread now: KuCoin against BingX+0.107%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$2052.055% of the position
Funding, last 7 days−0.310%−$31 on $10k
+Price spread, last 7 days−0.036%−$4 · spread now +0.107%, 7d avg +0.076%
=The price spread pays, funding is against you. KuCoin is 0.031% dearer against BingX than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.076%): +$3 on $10k if it goes back. Holding the pair costs −$98 a day in funding at the current rate, which eats that in about under an hour. At the pace of the last 7 days (−0.310% in total) that is about 17 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.310% in total (about -16.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$16.41 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 ESP-USDT | 0.09368 | 0.3382 | pay 0.1691% / 4h | 1h 12m | — | $1.7M | — |
| Short | KuCoin ESPUSDTM | 0.09378 | 0.0100 | get 0.0050% / 4h | 1h 12m | $1.5M | $52K | 25x |
BingX ESP-USDT
KuCoin ESPUSDTMFunding 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
- −$689.22
- Price spread: +0.107% → +0.076%
- $3.08
- Slippage, 4 orders
- −$183.46
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$891.6
- Costs to cover
- 2.055%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; KuCoin: live order book, 3 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, 10 min ago | 5.34 bp | 22.0 bp −$22 | 63.0 bp −$630 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 7.47 bp | 80.7 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
ESP on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ESPUSDT | +0.0100% | 4h | 0.09370 | +0.024% | $4K | $24K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09373 | +0.053% | $2.4M | $4.2M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09372 | +0.043% | $592K | $1.3M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09369 | +0.011% | $169K | $614K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09373 | +0.053% | $1.2M | $106K | 20x | as long as short |
| KuCoin ESPUSDTMshort | +0.0100% | 4h | 0.09378 | +0.107% | $1.5M | $52K | 25x | |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09377 | +0.092% | $955K | $123K | 20x | as long as short |
| BloFin ESP-USDT | +0.0100% | 4h | 0.09375 | +0.075% | $120K | $35K | 25x | as long as short |
| edgeX ESPUSDC | +0.0118% | 4h | 0.09366 | −0.027% | $28K | $270K | 10x | as long as short |
| Bybit ESPUSDT | +0.3264% | 4h | 0.09350 | −0.192% | $1.1M | $587K | 50x | as long as short |
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
MEXC ESP_USDT
Bitget ESPUSDT
BloFin ESP-USDT
edgeX ESPUSDC
Bybit ESPUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ESP-USDTlong | +0.3382% | 4h | 0.09368 | long leg | — | $1.7M | — |