Funding you earn now, next payment 04:00 UTC−0.0450%/8h= −49.3% APRnext payment −$2.25 per $10,000 · paid last 24h −0.083%
Price spread now: KuCoin against BingX+0.109%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,055as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,037as in the Price arb table
costs, in and out, $10k−$1,04010.397% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.109%, 7d avg +0.079%
=The price spread pays, funding is against you. KuCoin is 0.029% dearer against BingX than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of +0.079%): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.152% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.152% in total (about -7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.25 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 IN-USDT | 0.03684 | 0.0550 | pay 0.0275% / 4h | 1h 14m | — | $2.3M | — |
| Short | KuCoin INUSDTM | 0.03688 | 0.0100 | get 0.0050% / 4h | 1h 14m | $299K | $80K | 30x |
BingX IN-USDT
KuCoin INUSDTMFunding 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
- −$94.5
- Price spread: +0.109% → +0.079%
- $2.92
- Slippage, 4 orders
- −$1,017.72
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,131.3
- Costs to cover
- 10.397%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; KuCoin: live order book, 7 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, 9 min ago | 25.97 bp | 52.8 bp −$53 | 169.4 bp −$1,694 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 17.82 bp | 493.9 bp −$494 | doesn't fit | doesn't fit | doesn't fit |
IN on 9 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 INUSDT | +0.0100% | 4h | 0.03690 | +0.163% | $806K | $248K | 20x | as long as short |
| KuCoin INUSDTMshort | +0.0100% | 4h | 0.03688 | +0.109% | $299K | $80K | 30x | |
| Bitget INUSDT | +0.0100% | 4h | 0.03681 | −0.081% | $877K | $229K | 25x | as long as short |
| Variational Omni IN | +0.0100% | 4h | 0.03657 | −0.739% | $1K | $6 | — | as long as short |
| Aster INUSDT | +0.0404% | 4h | 0.03672 | −0.318% | $133K | $15K | 5x | as long as short |
| BingX IN-USDTlong | +0.0550% | 4h | 0.03684 | long leg | — | $2.3M | — | |
| MEXC IN_USDT | +0.0580% | 4h | 0.03687 | +0.081% | $289K | $98K | 20x | as long as short |
| Binance INUSDT | +0.0582% | 4h | 0.03693 | +0.254% | $2.1M | $1.5M | 25x | as long as short |
| Gate IN_USDT | +0.0640% | 4h | 0.03688 | +0.109% | $246K | $155K | 50x | as long as short |
Bybit INUSDT
Bitget INUSDT
Variational Omni IN
Aster INUSDT
MEXC IN_USDT
Binance INUSDT
Gate IN_USDT