Funding you earn now, next payment 04:00 UTC+0.2010%/8h= +220.1% APRnext payment +$10.05 per $10,000 · paid last 24h +0.063%
Price spread now: KuCoin against BingX−0.355%7-day average −0.207% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,499as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,470as in the Price arb table
costs, in and out, $10k−$2,45624.556% of the position
Funding, last 7 days−0.438%−$44 on $10k
+Price spread, last 4 days (all we have)+0.393%+$39 · spread now −0.355%, 7d avg −0.207%
=Funding pays, the price is against you. KuCoin is 0.148% cheaper against BingX than usual: you would sell low and buy high (spread −0.355% now, against its 7-day average of −0.207%). If the spread goes back, that is −$15 on $10k: about 6 hours of funding at the current rate (+$60 a day). Mind the row above: over the last 7 days funding on this pair cost −0.438%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.438% in total (about -22.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.05 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 INX-USDT | 0.006189 | 0.0100 | pay 0.0050% / 4h | 3h 42m | — | $6.5M | — |
| Short | KuCoin INXUSDTM | 0.006167 | 0.2110 | get 0.1055% / 4h | 3h 42m | $293K | $80K | 20x |
BingX INX-USDT
KuCoin INXUSDTMFunding 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
- $422.1
- Price spread: −0.355% → −0.207%
- −$14.82
- Slippage, 4 orders
- −$2,433.63
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$2,048.35
- Costs to cover
- 24.556%
- Break-even
- 41.0 days
Slippage from BingX: live order book, 4 min ago; KuCoin: live order book, 9 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, 4 min ago | 6.47 bp | 43.4 bp −$43 | 146.3 bp −$1,463 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 19.50 bp | 574.7 bp −$575 | doesn't fit | doesn't fit | doesn't fit |
INX 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International INX-PERP-INTX | −0.2056% | 1h | 0.006083 | −1.713% | $5K | $6K | 50x | as long as short |
| Binance INXUSDT | +0.0100% | 4h | 0.006186 | −0.048% | $2.0M | $1.4M | 25x | as long as short |
| MEXC INX_USDT | +0.0100% | 4h | 0.006187 | −0.032% | $806K | $188K | 50x | as long as short |
| Bitget INXUSDT | +0.0100% | 4h | 0.006170 | −0.307% | $387K | $86K | 25x | as long as short |
| BingX INX-USDTlong | +0.0100% | 4h | 0.006189 | long leg | — | $6.5M | — | |
| Extended INX-USD | +0.0104% | 1h | 0.006182 | −0.112% | $4K | $146K | 5x | as long as short |
| Aster INXUSDT | +0.0351% | 4h | 0.006165 | −0.389% | $18K | $10K | 5x | as long as short |
| Gate INX_USDT | +0.0594% | 4h | 0.006170 | −0.307% | $1.6M | $70K | 25x | as long as short |
| Bybit INXUSDT | +0.0868% | 4h | 0.006189 | 0.000% | $787K | $373K | 13x | as long as short |
| Deribit INX_USDC-PERPETUAL | +0.1370% | 1h | 0.006182 | −0.113% | $56K | $20K | 10x | as long as short |
Coinbase International INX-PERP-INTX
Binance INXUSDT
MEXC INX_USDT
Bitget INXUSDT
Extended INX-USD
Aster INXUSDT
Gate INX_USDT
Bybit INXUSDT
Deribit INX_USDC-PERPETUALShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin INXUSDTMshort | +0.2110% | 4h | 0.006167 | −0.355% | $293K | $80K | 20x |