Funding you earn now, next payment 12:00 UTC+0.0150%/8h= +16.4% APRnext payment +$0.75 per $10,000 · paid last 24h +0.020%
Price spread now: KuCoin against BingX−0.100%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$260as in the Funding arb table
Net, price: spread back to 7d avg − costs−$275as in the Price arb table
costs, in and out, $10k−$2672.667% of the position
Funding, last 7 days+0.065%+$6 on $10k
+Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.100%, 7d avg −0.015%
=Funding pays, the price is against you. KuCoin is 0.085% cheaper against BingX than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.015%). If the spread goes back, that is −$9 on $10k: about 45 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.065% in total) that is about 9.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PORTAL-USDT | 0.02005 | 0.0100 | pay 0.0050% / 4h | 2h 17m | — | $1.3M | — |
| Short | KuCoin PORTALUSDTM | 0.02003 | 0.0250 | get 0.0125% / 4h | 2h 17m | $331K | $89K | 10x |
BingX PORTAL-USDT
KuCoin PORTALUSDTMFunding 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
- $31.5
- Price spread: −0.100% → −0.015%
- −$8.52
- Slippage, 4 orders
- −$244.73
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$243.75
- Costs to cover
- 2.667%
- Break-even
- 61.2 days
Slippage from BingX: live order book, 7 min ago; KuCoin: live order book, 26 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, 7 min ago | 4.95 bp | 23.5 bp −$23 | 102.4 bp −$1,024 | 746.1 bp −$74.6K | 891.5 bp −$445.7K |
| Sell KuCoin live order book, 26 min ago | 7.42 bp | 117.7 bp −$118 | doesn't fit | doesn't fit | doesn't fit |
PORTAL on 9 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PORTAL-USDT | +0.0044% | 4h | 0.02015 | +0.499% | $211K | $19K | 10x | as long as short |
| Aster PORTALUSDT | +0.0100% | 4h | 0.02004 | −0.069% | $9K | $32K | 5x | as long as short |
| Binance PORTALUSDT | +0.0100% | 4h | 0.02005 | −0.006% | $3.3M | $4.9M | 10x | as long as short |
| Bybit PORTALUSDT | +0.0100% | 4h | 0.02006 | +0.040% | $1.3M | $735K | 20x | as long as short |
| MEXC PORTAL_USDT | +0.0100% | 4h | 0.02004 | −0.050% | $1.0M | $412K | 50x | as long as short |
| BingX PORTAL-USDTlong | +0.0100% | 4h | 0.02005 | long leg | — | $1.3M | — | |
| Variational Omni PORTAL | +0.0100% | 4h | 0.02021 | +0.787% | $1K | $201 | — | as long as short |
| KuCoin PORTALUSDTMshort | +0.0250% | 4h | 0.02003 | −0.100% | $331K | $89K | 10x | |
| Kraken Futures PF_PORTALUSD | +0.0930% | 1h | 0.02005 | −0.005% | $33K | $197K | 10x | as long as short |
BloFin PORTAL-USDT
Aster PORTALUSDT
Binance PORTALUSDT
Bybit PORTALUSDT
MEXC PORTAL_USDT
Variational Omni PORTAL
Kraken Futures PF_PORTALUSD