Funding you earn now, next payment 04:00 UTC+0.0268%/8h= +29.3% APRnext payment +$1.34 per $10,000 · paid last 24h +0.062%
Price spread now: BingX against KuCoin+0.013%7-day average +0.146% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,131as in the Price arb table
costs, in and out, $10k−$1,11711.172% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)+0.111%+$11 · spread now +0.013%, 7d avg +0.146%
=Funding pays, the price is against you. BingX is 0.133% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.146%). If the spread goes back, that is −$13 on $10k: about 40 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.069% in total) that is about 14 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 +$1.34 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 GWEIUSDTM | 0.02312 | 0.0400 | pay 0.0200% / 4h | 3h 59m | $465K | $20K | 20x |
| Short | BingX GWEI-USDT | 0.02312 | 0.0668 | get 0.0334% / 4h | 3h 59m | — | $1.6M | — |
KuCoin GWEIUSDTM
BingX GWEI-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
- $56.28
- Price spread: +0.013% → +0.146%
- −$13.34
- Slippage, 4 orders
- −$1,095.24
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,074.29
- Costs to cover
- 11.172%
- Break-even
- 140.6 days
Slippage from KuCoin: live order book, 63 min ago; BingX: live order book, 8 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, 63 min ago | 28.05 bp | 753.9 bp −$754 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 6.49 bp | 26.6 bp −$27 | 91.2 bp −$912 | 597.5 bp −$59.7K | 1019.7 bp −$509.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit GWEIUSDT | +0.0100% | 4h | 0.02316 | +0.186% | $382K | $123K | 25x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02320 | +0.367% | $4K | $55 | — | as long as short |
| KuCoin GWEIUSDTMlong | +0.0400% | 4h | 0.02312 | long leg | $465K | $20K | 20x | |
| Gate GWEI_USDT | +0.0410% | 4h | 0.02311 | −0.026% | $381K | $389K | 10x | as long as short |
| Extended GWEI-USD | +0.0584% | 1h | 0.02311 | −0.042% | $4K | $142K | 5x | as long as short |
| MEXC GWEI_USDT | +0.0586% | 4h | 0.02312 | +0.013% | $106K | $85K | 20x | as long as short |
| Binance GWEIUSDT | +0.0587% | 4h | 0.02312 | +0.015% | $2.4M | $2.7M | 50x | as long as short |
| BloFin GWEI-USDT | +0.0632% | 4h | 0.02312 | +0.013% | $172K | $29K | 50x | as long as short |
| BingX GWEI-USDTshort | +0.0668% | 4h | 0.02312 | +0.013% | — | $1.6M | — | |
| Bitget GWEIUSDT | +0.0822% | 4h | 0.02309 | −0.117% | $1.9M | $219K | 20x | as long as short |
Bybit GWEIUSDT
Variational Omni GWEI
Gate GWEI_USDT
Extended GWEI-USD
MEXC GWEI_USDT
Binance GWEIUSDT
BloFin GWEI-USDT
Bitget GWEIUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1604% | 4h | 0.02306 | −0.226% | $18K | $17K | 10x | as long as short |
Aster GWEIUSDT