Funding you earn now, next payment 04:00 UTC+0.9065%/8h= +992.6% APRnext payment +$45.33 per $10,000 · paid last 24h +0.333%
Price spread now: Binance against BingX−0.278%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1111.106% of the position
Funding, last 7 days+0.325%+$33 on $10k
+Price spread, last 7 days+0.249%+$25 · spread now −0.278%, 7d avg −0.036%
=Funding pays, the price is against you. Binance is 0.242% cheaper against BingX than usual: you would sell low and buy high (spread −0.278% now, against its 7-day average of −0.036%). If the spread goes back, that is −$24 on $10k: about 2 hours of funding at the current rate (+$272 a day). At the pace of the last 7 days (+0.325% in total) that is about 5.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.325% in total (about 17.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$45.33 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 KERNEL-USDT | 0.06579 | −1.8669 | get 0.9334% / 4h | 2h 12m | — | $7.0M | — |
| Short | Binance KERNELUSDT | 0.06561 | −0.9604 | pay 0.4802% / 4h | 2h 12m | $3.8M | $43.0M | 25x |
BingX KERNEL-USDT
Binance KERNELUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $1,903.66
- Price spread: −0.278% → −0.036%
- −$24.2
- Slippage, 4 orders
- −$90.64
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $1,768.81
- Costs to cover
- 1.106%
- Break-even
- 0.5 days
Slippage from BingX: live order book, 10 min ago; Binance: live order book, 14 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, 10 min ago | 8.28 bp | 29.3 bp −$29 | 86.0 bp −$860 | 539.3 bp −$53.9K | doesn't fit |
| Sell Binance live order book, 14 min ago | 3.86 bp | 30.3 bp −$30 | 128.8 bp −$1,288 | doesn't fit | doesn't fit |
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 | −2.0624% | 4h | 0.06591 | +0.182% | $1.9M | $9.8M | 20x | as long as short |
| BingX KERNEL-USDTlong | −1.8669% | 4h | 0.06579 | long leg | — | $7.0M | — | |
| Variational Omni KERNEL | −1.2327% | 4h | 0.06680 | +1.532% | $11K | $24K | — | as long as short |
| Gate KERNEL_USDT | −1.1118% | 4h | 0.06557 | −0.334% | $257K | $1.0M | 50x | as long as short |
| KuCoin KERNELUSDTM | −1.0528% | 4h | 0.06559 | −0.304% | $264K | $422K | 30x | as long as short |
| Binance KERNELUSDTshort | −0.9604% | 4h | 0.06561 | −0.278% | $3.8M | $43.0M | 25x | |
| MEXC KERNEL_USDT | −0.9486% | 4h | 0.06561 | −0.274% | $1.4M | $1.6M | 20x | as long as short |
| Bitget KERNELUSDT | −0.7586% | 4h | 0.06576 | −0.046% | $768K | $4.8M | 25x | as long as short |
Bybit KERNELUSDT
Variational Omni KERNEL
Gate KERNEL_USDT
KuCoin KERNELUSDTM
MEXC KERNEL_USDT
Bitget KERNELUSDT