Funding you earn now, next payment 08:00 UTC+0.0184%/8h= +20.1% APRnext payment +$1.84 per $10,000 · paid last 24h +0.019%
Price spread now: BingX against KuCoin−0.097%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$680.675% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 7 days+0.066%+$7 · spread now −0.097%, 7d avg −0.043%
=Funding pays, the price is against you. BingX is 0.054% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of −0.043%). If the spread goes back, that is −$5 on $10k: about 23 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.019% in total) that is about 20 days.
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 +$1.84 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 FETUSDTM | 0.2058 | 0.0100 | pay 0.0100% / 8h | 7h 11m | $10.9M | $19.2M | 50x |
| Short | BingX FET-USDT | 0.2056 | 0.0284 | get 0.0284% / 8h | 7h 11m | — | $5.7M | — |
KuCoin FETUSDTM
BingX FET-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
- $38.64
- Price spread: −0.097% → −0.043%
- −$5.4
- Slippage, 4 orders
- −$45.51
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$34.27
- Costs to cover
- 0.675%
- Break-even
- 13.2 days
Slippage from KuCoin: live order book, 2 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, 2 min ago | 2.42 bp | 25.4 bp −$25 | 72.9 bp −$729 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 4.87 bp | 9.9 bp −$10 | 16.4 bp −$164 | 48.3 bp −$4,833 | 391.3 bp −$195.7K |
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 | −0.4108% | 1h | 0.2056 | −0.097% | $30K | $223K | 10x | as long as short |
| Kraken Futures PF_FETUSD | −0.1257% | 1h | 0.2059 | +0.063% | $1.0M | $2.2M | 50x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2066 | +0.389% | $152K | $216K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2058 | −0.004% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.332% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2058 | −0.001% | $341K | $544K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2056 | −0.097% | $32.1M | $110.6M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2055 | −0.146% | $2.8M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2055 | −0.146% | $34.6M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTMlong | +0.0100% | 8h | 0.2058 | long leg | $10.9M | $19.2M | 50x |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2061 | +0.155% | $362K | $400K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2055 | −0.146% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2056 | −0.120% | $34K | $244K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2056 | −0.094% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2057 | −0.049% | $1.7M | $2.7M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0251% | 4h | 0.2058 | 0.000% | $1.0M | $8.2M | 20x | as long as short |
| BingX FET-USDTshort | +0.0284% | 8h | 0.2056 | −0.097% | — | $5.7M | — | |
| Bitget FETUSDT | +0.0293% | 8h | 0.2058 | 0.000% | $16.6M | $11.5M | 75x | as long as short |
| Hyperliquid FET | +0.0396% | 1h | 0.2059 | +0.068% | $9.2M | $8.3M | 5x | as long as short |
| Phoenix FET | +0.0467% | 1h | 0.2056 | −0.102% | $36K | $45K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Bitget FETUSDT
Hyperliquid FET
Phoenix FET