GWEI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0460%/8h= −50.4% APRnext payment −$2.30 per $10,000 · paid last 24h −0.062%

Price spread now: KuCoin against BingX0.000%7-day average −0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,296as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,275as in the Price arb table

costs, in and out, $10k−$1,29012.895% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now 0.000%, 7d avg −0.146%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.146% dearer against BingX than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.146%): +$15 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.069% in total) that is about 15 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.069% in total (about -3.6% 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 GWEI-USDT	0.02277	0.0672	pay 0.0336% / 4h	2h 01m	—	$1.6M	—
Short	KuCoin GWEIUSDTM	0.02277	0.0212	get 0.0106% / 4h	2h 01m	$450K	$17K	20x

Funding 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

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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 BingXbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$96.6
Price spread: 0.000% → −0.146%: $14.57
Slippage, 4 orders: −$1,267.52
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,371.55
Costs to cover: 12.895%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; KuCoin: live order book, 10 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	8.76 bp	37.8 bp −$38	128.8 bp −$1,288	964.3 bp −$96.4K	1383.1 bp −$691.5K
Sell KuCoin live order book, 10 min ago	52.16 bp	402.3 bp −$402	doesn't fit	doesn't fit	doesn't fit

GWEI 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
Variational Omni GWEI	+0.0100%	4h	0.02274	−0.136%	$4K	$55	—	as long as short
KuCoin GWEIUSDTMshort	+0.0212%	4h	0.02277	0.000%	$450K	$17K	20x
Bybit GWEIUSDT	+0.0549%	4h	0.02281	+0.176%	$369K	$115K	25x	as long as short
Bitget GWEIUSDT	+0.0580%	4h	0.02280	+0.132%	$1.9M	$210K	20x	as long as short
BloFin GWEI-USDT	+0.0631%	4h	0.02276	−0.044%	$170K	$28K	50x	as long as short
Binance GWEIUSDT	+0.0663%	4h	0.02280	+0.123%	$2.3M	$2.6M	50x	as long as short
BingX GWEI-USDTlong	+0.0672%	4h	0.02277	long leg	—	$1.6M	—
MEXC GWEI_USDT	+0.0676%	4h	0.02279	+0.088%	$101K	$88K	20x	as long as short
Extended GWEI-USD	+0.0680%	1h	0.02279	+0.077%	$3K	$142K	5x	as long as short
Gate GWEI_USDT	+0.0790%	4h	0.02274	−0.136%	$375K	$393K	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GWEIUSDT	+0.1728%	4h	0.02278	+0.024%	$19K	$11K	10x	as long as short