EUL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0454%/8h= −49.7% APRnext payment −$2.27 per $10,000 · paid last 24h −0.099%

Price spread now: BingX against KuCoin0.000%7-day average −0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$340as in the Funding arb table

Net, price: spread back to 7d avg − costs−$323as in the Price arb table

costs, in and out, $10k−$3333.330% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)−0.146%−$15 · spread now 0.000%, 7d avg −0.097%

Together, before fees−0.214%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.097% dearer against KuCoin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.097%): +$10 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.068% in total) that is about 10.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.068% in total (about -3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.27 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 EULUSDTM	1.4307	0.0554	pay 0.0277% / 4h	52m 50s	$309K	$58K	25x
Short	BingX EUL-USDT	1.4307	0.0100	get 0.0050% / 4h	52m 50s	—	$6.5M	—

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

Position, each leg$Hold fordaysFee KuCoinbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$95.34
Price spread: 0.000% → −0.097%: $9.69
Slippage, 4 orders: −$310.97
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$418.62
Costs to cover: 3.330%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; BingX: live order book, 9 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, 8 min ago	7.69 bp	207.6 bp −$208	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	2.45 bp	22.3 bp −$22	77.6 bp −$776	doesn't fit	doesn't fit

EUL on 12 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 EULUSDT	+0.0100%	4h	1.4316	+0.061%	$36K	$9K	5x	as long as short
Binance EULUSDT	+0.0100%	4h	1.4298	−0.064%	$3.2M	$4.6M	25x	as long as short
Bybit EULUSDT	+0.0100%	4h	1.4297	−0.070%	$1.6M	$1.4M	25x	as long as short
Gate EUL_USDT	+0.0100%	4h	1.4308	+0.007%	$312K	$706K	25x	as long as short
MEXC EUL_USDT	+0.0100%	4h	1.4297	−0.070%	$503K	$124K	20x	as long as short
Bitget EULUSDT	+0.0100%	4h	1.4310	+0.021%	$2.2M	$265K	25x	as long as short
BingX EUL-USDTshort	+0.0100%	4h	1.4307	0.000%	—	$6.5M	—
Variational Omni EUL	+0.0100%	4h	1.4284	−0.164%	$12K	$1K	—	as long as short
edgeX EULUSDC	+0.0114%	4h	1.4299	−0.055%	$25K	$262K	10x	as long as short
BloFin EUL-USDT	+0.0137%	4h	1.4292	−0.105%	$302K	$7K	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX EUL-USDT	+0.0529%	4h	1.4338	+0.217%	$131K	$43K	10x	as long as short
KuCoin EULUSDTMlong	+0.0554%	4h	1.4307	long leg	$309K	$58K	25x