Funding you earn now, next payment 04:00 UTC−0.2672%/8h= −292.6% APRnext payment −$13.36 per $10,000 · paid last 24h −0.675%
Price spread now: BingX against KuCoin+0.224%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$700as in the Funding arb table
Net, price: spread back to 7d avg − costs−$618as in the Price arb table
costs, in and out, $10k−$6416.406% of the position
Funding, last 7 days−0.591%−$59 on $10k
+Price spread, last 4 days (all we have)−0.248%−$25 · spread now +0.224%, 7d avg −0.004%
=The price spread pays, funding is against you. BingX is 0.229% dearer against KuCoin than usual: you sell high and buy low (spread +0.224% now, against its 7-day average of −0.004%): +$23 on $10k if it goes back. Holding the pair costs −$80 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.591% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.591% in total (about -30.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$13.36 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 KERNELUSDTM | 0.04906 | −0.5058 | get 0.2529% / 4h | 2h 57m | $200K | $307K | 30x |
| Short | BingX KERNEL-USDT | 0.04917 | −0.7730 | pay 0.3865% / 4h | 2h 57m | — | $6.7M | — |
KuCoin KERNELUSDTM
BingX KERNEL-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
- −$561.12
- Price spread: +0.224% → −0.004%
- $22.86
- Slippage, 4 orders
- −$618.63
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,178.89
- Costs to cover
- 6.406%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 54 min ago; BingX: live order book, 10 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, 54 min ago | 69.15 bp | 282.6 bp −$283 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 7.18 bp | 35.9 bp −$36 | 105.3 bp −$1,053 | 689.2 bp −$68.9K | 1010.8 bp −$505.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX KERNEL-USDTshort | −0.7730% | 4h | 0.04917 | +0.224% | — | $6.7M | — | |
| Bybit KERNELUSDT | −0.7196% | 4h | 0.04945 | +0.795% | $1.1M | $5.7M | 20x | as long as short |
| Gate KERNEL_USDT | −0.6404% | 4h | 0.04916 | +0.204% | $149K | $582K | 50x | as long as short |
| Variational Omni KERNEL | −0.5511% | 4h | 0.04910 | +0.074% | $8K | $14K | — | as long as short |
| Binance KERNELUSDT | −0.5361% | 4h | 0.04917 | +0.228% | $1.8M | $22.6M | 25x | as long as short |
| MEXC KERNEL_USDT | −0.5334% | 4h | 0.04914 | +0.163% | $1.3M | $828K | 20x | as long as short |
| KuCoin KERNELUSDTMlong | −0.5058% | 4h | 0.04906 | long leg | $200K | $307K | 30x | |
| Bitget KERNELUSDT | −0.3540% | 4h | 0.04918 | +0.245% | $441K | $2.7M | 25x | as long as short |
Bybit KERNELUSDT
Gate KERNEL_USDT
Variational Omni KERNEL
Binance KERNELUSDT
MEXC KERNEL_USDT
Bitget KERNELUSDT