Funding you earn now, next payment 04:00 UTC−0.6311%/8h= −691.1% APRnext payment −$31.56 per $10,000 · paid last 24h −0.338%
Price spread now: BingX against Binance+0.181%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$770.766% of the position
Funding, last 7 days−0.331%−$33 on $10k
+Price spread, last 7 days−0.205%−$21 · spread now +0.181%, 7d avg +0.039%
=The price spread pays, funding is against you. BingX is 0.142% dearer against Binance than usual: you sell high and buy low (spread +0.181% now, against its 7-day average of +0.039%): +$14 on $10k if it goes back. Holding the pair costs −$189 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.331% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.331% in total (about -17.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$31.56 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 | Binance KERNELUSDT | 0.06579 | −1.4037 | get 0.7018% / 4h | 58m 32s | $4.2M | $66.9M | 25x |
| Short | BingX KERNEL-USDT | 0.06591 | −2.0348 | pay 1.0174% / 4h | 58m 32s | — | $7.3M | — |
Binance KERNELUSDT
BingX KERNEL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- −$1,325.41
- Price spread: +0.181% → +0.039%
- $14.17
- Slippage, 4 orders
- −$56.56
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,387.8
- Costs to cover
- 0.766%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; BingX: 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 Binance live order book, 14 min ago | 0.76 bp | 16.6 bp −$17 | 60.4 bp −$604 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 7.60 bp | 21.3 bp −$21 | 75.2 bp −$752 | 329.8 bp −$33.0K | 822.3 bp −$411.1K |
KERNEL on 8 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 KERNELUSDT | −2.2561% | 4h | 0.06609 | +0.455% | $2.3M | $13.9M | 20x | as long as short |
| BingX KERNEL-USDTshort | −2.0348% | 4h | 0.06591 | +0.181% | — | $7.3M | — | |
| Variational Omni KERNEL | −1.9602% | 4h | 0.06640 | +0.928% | $13K | $37K | — | as long as short |
| KuCoin KERNELUSDTM | −1.4498% | 4h | 0.06604 | +0.379% | $282K | $531K | 30x | as long as short |
| Binance KERNELUSDTlong | −1.4037% | 4h | 0.06579 | long leg | $4.2M | $66.9M | 25x | |
| MEXC KERNEL_USDT | −1.3938% | 4h | 0.06574 | −0.077% | $1.2M | $2.5M | 20x | as long as short |
| Gate KERNEL_USDT | −1.3326% | 4h | 0.06631 | +0.789% | $358K | $1.8M | 50x | as long as short |
| Bitget KERNELUSDT | −1.3064% | 4h | 0.06558 | −0.321% | $1.0M | $7.4M | 25x | as long as short |
Bybit KERNELUSDT
Variational Omni KERNEL
KuCoin KERNELUSDTM
MEXC KERNEL_USDT
Gate KERNEL_USDT
Bitget KERNELUSDT