Funding you earn now, next payment 08:00 UTC−0.0286%/8h= −31.3% APRnext payment −$1.43 per $10,000 · paid last 24h −0.065%
Price spread now: KuCoin against BingX−0.266%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$857as in the Funding arb table
Net, price: spread back to 7d avg − costs−$880as in the Price arb table
costs, in and out, $10k−$8528.521% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.266%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.282% cheaper against BingX than usual: you would sell low and buy high (−$28 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 -0.052% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.43 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 GOAT-USDT | 0.01877 | 0.0386 | pay 0.0193% / 4h | 2h 35m | — | $6.6M | — |
| Short | KuCoin GOATUSDTM | 0.01872 | 0.0100 | get 0.0050% / 4h | 2h 35m | $367K | $129K | 30x |
BingX GOAT-USDT
KuCoin GOATUSDTMFunding 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
- −$60.06
- Price spread: −0.266% → +0.015%
- −$28.15
- Slippage, 4 orders
- −$830.14
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$940.35
- Costs to cover
- 8.521%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; KuCoin: live order book, 22 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, 11 min ago | 7.91 bp | 51.1 bp −$51 | 365.4 bp −$3,654 | 779.7 bp −$78.0K | doesn't fit |
| Sell KuCoin live order book, 22 min ago | 28.97 bp | 411.0 bp −$411 | doesn't fit | doesn't fit | doesn't fit |
GOAT 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit GOATUSDT | +0.0100% | 4h | 0.01873 | −0.192% | $2.1M | $1.3M | 25x | as long as short |
| Gate GOAT_USDT | +0.0100% | 4h | 0.01871 | −0.325% | $271K | $207K | 25x | as long as short |
| KuCoin GOATUSDTMshort | +0.0100% | 4h | 0.01872 | −0.266% | $367K | $129K | 30x | |
| Variational Omni GOAT | +0.0100% | 4h | 0.01873 | −0.229% | $96K | $109K | — | as long as short |
| Binance GOATUSDT | +0.0331% | 4h | 0.01877 | +0.018% | $1.9M | $3.0M | 25x | as long as short |
| MEXC GOAT_USDT | +0.0340% | 4h | 0.01878 | +0.053% | $435K | $162K | 200x | as long as short |
| BloFin GOAT-USDT | +0.0358% | 4h | 0.01880 | +0.160% | $124K | $11K | 25x | as long as short |
| BingX GOAT-USDTlong | +0.0386% | 4h | 0.01877 | long leg | — | $6.6M | — | |
| Hyperliquid GOAT | +0.0590% | 1h | 0.01880 | +0.149% | $1.2M | $486K | 3x | as long as short |
| Orderly PERP_GOAT_USDC | +0.1727% | 4h | 0.01877 | 0.000% | $3K | $2K | 10x | as long as short |
Bybit GOATUSDT
Gate GOAT_USDT
Variational Omni GOAT
Binance GOATUSDT
MEXC GOAT_USDT
BloFin GOAT-USDT
Hyperliquid GOAT
Orderly PERP_GOAT_USDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GOATUSD | +0.3348% | 1h | 0.01876 | −0.040% | $30K | $4K | 10x | as long as short |
Kraken Futures PF_GOATUSD