Funding you earn now, next payment 04:00 UTC−0.0620%/8h= −67.9% APRnext payment −$3.10 per $10,000 · paid last 24h −0.064%
Price spread now: BingX against KuCoin−0.179%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$817as in the Funding arb table
Net, price: spread back to 7d avg − costs−$823as in the Price arb table
costs, in and out, $10k−$8078.070% of the position
Funding, last 7 days−0.105%−$10 on $10k
+Price spread, last 7 days+0.146%+$15 · spread now −0.179%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and BingX is 0.163% cheaper against KuCoin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.10 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 FHEUSDTM | 0.02240 | 0.1156 | pay 0.0578% / 4h | 1h 14m | $640K | $9.7M | 10x |
| Short | BingX FHE-USDT | 0.02236 | 0.0536 | get 0.0268% / 4h | 1h 14m | — | $6.5M | — |
KuCoin FHEUSDTM
BingX FHE-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
- −$130.2
- Price spread: −0.179% → −0.015%
- −$16.32
- Slippage, 4 orders
- −$784.98
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$953.5
- Costs to cover
- 8.070%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; BingX: live order book, 2 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, 4 min ago | 2.23 bp | 666.6 bp −$667 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 4.46 bp | 43.9 bp −$44 | 184.5 bp −$1,845 | 1019.4 bp −$101.9K | doesn't fit |
FHE on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate FHE_USDT | +0.0100% | 8h | 0.02235 | −0.223% | $618K | $76K | 10x | as long as short |
| Bybit FHEUSDT | +0.0265% | 4h | 0.02237 | −0.134% | $1.6M | $477K | 13x | as long as short |
| Aster FHEUSDT | +0.0385% | 4h | 0.02239 | −0.044% | $16K | $2K | 5x | as long as short |
| Extended FHE-USD | +0.0536% | 1h | 0.02239 | −0.040% | $3K | $98K | 5x | as long as short |
| BingX FHE-USDTshort | +0.0536% | 4h | 0.02236 | −0.179% | — | $6.5M | — | |
| Binance FHEUSDT | +0.0539% | 4h | 0.02241 | +0.048% | $3.0M | $1.4M | 10x | as long as short |
| MEXC FHE_USDT | +0.0548% | 4h | 0.02239 | −0.045% | $845K | $301K | 50x | as long as short |
| KuCoin FHEUSDTMlong | +0.1156% | 4h | 0.02240 | long leg | $640K | $9.7M | 10x |
Gate FHE_USDT
Bybit FHEUSDT
Aster FHEUSDT
Extended FHE-USD
Binance FHEUSDT
MEXC FHE_USDT