Funding you earn now, next payment 08:00 UTC−0.0230%/8h= −25.2% APRnext payment −$2.30 per $10,000 · paid last 24h −0.019%
Price spread now: KuCoin against BingX0.000%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$730.731% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 7 days+0.021%+$2 · spread now 0.000%, 7d avg +0.042%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.042% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.042%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.30 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 FET-USDT | 0.2017 | 0.0330 | pay 0.0330% / 8h | 4h 50m | — | $6.0M | — |
| Short | KuCoin FETUSDTM | 0.2017 | 0.0100 | get 0.0100% / 8h | 4h 50m | $10.6M | $18.8M | 50x |
BingX FET-USDT
KuCoin FETUSDTMFunding 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
- −$48.3
- Price spread: 0.000% → +0.042%
- −$4.24
- Slippage, 4 orders
- −$51.14
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$125.68
- Costs to cover
- 0.731%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 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, 15 min ago | 4.87 bp | 12.3 bp −$12 | 17.3 bp −$173 | 73.0 bp −$7,297 | 441.2 bp −$220.6K |
| Sell KuCoin live order book, 3 min ago | 4.88 bp | 25.5 bp −$26 | 69.8 bp −$698 | doesn't fit | doesn't fit |
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.4662% | 1h | 0.2026 | +0.446% | $38K | $305K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0984% | 1h | 0.2030 | +0.645% | $149K | $236K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0454% | 1h | 0.2025 | +0.404% | $999K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0011% | 1h | 0.2016 | −0.051% | $33K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.347% | $3K | $166K | 12x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2019 | +0.079% | $8.8M | $8.4M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2017 | +0.013% | $206K | $793K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2017 | −0.006% | $31.1M | $113.4M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2016 | −0.050% | $2.7M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2017 | 0.000% | $30.0M | $24.0M | 200x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Hyperliquid FET
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTMshort | +0.0100% | 8h | 0.2017 | 0.000% | $10.6M | $18.8M | 50x | |
| Variational Omni FET | +0.0100% | 8h | 0.2026 | +0.453% | $339K | $423K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2013 | −0.198% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2017 | +0.004% | $35K | $249K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0194% | 4h | 0.2014 | −0.149% | $1.0M | $8.2M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2016 | −0.043% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2020 | +0.149% | $1.7M | $3.1M | 100x | as long as short |
| BingX FET-USDTlong | +0.0330% | 8h | 0.2017 | long leg | — | $6.0M | — | |
| Bitget FETUSDT | +0.0335% | 8h | 0.2018 | +0.050% | $16.4M | $11.9M | 75x | as long as short |
| Phoenix FET | +0.0505% | 1h | 0.2033 | +0.813% | $35K | $39K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Bitget FETUSDT
Phoenix FET