Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against KuCoin+0.185%7-day average +0.139% · you sell dearer than you buy
Net, funding: paid 7d − costs−$651as in the Funding arb table
Net, price: spread back to 7d avg − costs−$620as in the Price arb table
costs, in and out, $10k−$6256.247% of the position
Funding, last 7 days−0.268%−$27 on $10k
+Price spread, last 4 days (all we have)−0.185%−$18 · spread now +0.185%, 7d avg +0.139%
=The price spread pays, funding is against you. BingX is 0.046% dearer against KuCoin than usual: you sell high and buy low (spread +0.185% now, against its 7-day average of +0.139%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.1 days. At the pace of the last 7 days (−0.268% in total) that is about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NEXUSDTM | 0.000001084 | 0.0100 | pay 0.0050% / 4h | 25m 28s | $165K | $624K | 10x |
| Short | BingX 10000NEX-USDT | 0.000001086 | 0.0070 | get 0.0035% / 4h | 25m 28s | — | $1.6M | — |
KuCoin NEXUSDTM
BingX 10000NEX-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
- −$6.3
- Price spread: +0.185% → +0.139%
- $4.59
- Slippage, 4 orders
- −$602.75
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$626.46
- Costs to cover
- 6.247%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 58 min ago; BingX: live order book, 6 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, 58 min ago | 37.00 bp | 344.7 bp −$345 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 13.82 bp | 69.8 bp −$70 | 377.4 bp −$3,774 | 1018.1 bp −$101.8K | 1277.0 bp −$638.5K |
NEX on 6 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 10000NEX-USDTshort | +0.0070% | 4h | 0.000001086 | +0.185% | — | $1.6M | — | |
| Aster 1000NEXUSDT | +0.0100% | 1h | 0.000001079 | −0.488% | $2K | $925 | 3x | as long as short |
| Bybit 10000NEXUSDT | +0.0100% | 4h | 0.000001084 | 0.000% | $352K | $40K | 10x | as long as short |
| MEXC NEX_USDT | +0.0100% | 4h | 0.000001086 | +0.185% | $116K | $97K | 20x | as long as short |
| KuCoin NEXUSDTMlong | +0.0100% | 4h | 0.000001084 | long leg | $165K | $624K | 10x | |
| Bitget 10000NEXUSDT | +0.0100% | 4h | 0.000001085 | +0.092% | $120K | $40K | 20x | as long as short |
Aster 1000NEXUSDT
Bybit 10000NEXUSDT
MEXC NEX_USDT
Bitget 10000NEXUSDT