Funding you earn now, next payment 08:00 UTC+0.1162%/8h= +127.2% APRnext payment +$5.81 per $10,000 · paid last 24h +0.157%
Price spread now: BingX against KuCoin−0.131%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1471.474% of the position
Funding, last 7 days+0.545%+$55 on $10k
+Price spread, last 7 days+0.085%+$9 · spread now −0.131%, 7d avg 0.000%
=Funding pays, the price is against you. BingX is 0.131% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of 0.000%). If the spread goes back, that is −$13 on $10k: about 9 hours of funding at the current rate (+$35 a day). At the pace of the last 7 days (+0.545% in total) that is about 40 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.545% in total (about 28.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.81 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 PROVEUSDTM | 0.2297 | −0.1306 | get 0.0653% / 4h | 2h 56m | $2.8M | $703K | 50x |
| Short | BingX PROVE-USDT | 0.2294 | −0.0144 | pay 0.0072% / 4h | 2h 56m | — | $2.5M | — |
KuCoin PROVEUSDTM
BingX PROVE-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
- $244.02
- Price spread: −0.131% → 0.000%
- −$13.07
- Slippage, 4 orders
- −$125.38
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $83.56
- Costs to cover
- 1.474%
- Break-even
- 4.6 days
Slippage from KuCoin: live order book, 6 min ago; BingX: live order book, 8 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, 6 min ago | 11.34 bp | 55.5 bp −$56 | 456.8 bp −$4,568 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 6.53 bp | 20.0 bp −$20 | 76.0 bp −$760 | 719.1 bp −$71.9K | 1308.7 bp −$654.3K |
PROVE on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni PROVEUSDT | −0.2164% | 1h | 0.2288 | −0.392% | $16K | $314K | 50x | as long as short |
| Aster PROVEUSDT | −0.1993% | 4h | 0.2290 | −0.305% | $37K | $218K | 5x | as long as short |
| MEXC PROVE_USDT | −0.1730% | 4h | 0.2290 | −0.305% | $291K | $382K | 20x | as long as short |
| OKX PROVE-USDT-SWAP | −0.1723% | 4h | 0.2292 | −0.218% | $642K | $7.0M | 20x | as long as short |
| Binance PROVEUSDT | −0.1715% | 4h | 0.2290 | −0.305% | $3.5M | $31.5M | 75x | as long as short |
| Bitget PROVEUSDT | −0.1686% | 4h | 0.2289 | −0.348% | $649K | $4.0M | 50x | as long as short |
| KuCoin PROVEUSDTMlong | −0.1306% | 4h | 0.2297 | long leg | $2.8M | $703K | 50x | |
| Hyperliquid PROVE | −0.0976% | 1h | 0.2291 | −0.248% | $325K | $744K | 3x | as long as short |
| Gate PROVE_USDT | −0.0800% | 4h | 0.2294 | −0.131% | $201K | $632K | 75x | as long as short |
| GRVT PROVE_USDT_Perp | −0.0796% | 4h | 0.2293 | −0.158% | $218K | $3.0M | 10x | as long as short |
ApeX Omni PROVEUSDT
Aster PROVEUSDT
MEXC PROVE_USDT
OKX PROVE-USDT-SWAP
Binance PROVEUSDT
Bitget PROVEUSDT
Hyperliquid PROVE
Gate PROVE_USDT
GRVT PROVE_USDT_PerpShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PROVEUSDT | −0.0159% | 4h | 0.2297 | 0.000% | $2.1M | $9.4M | 25x | as long as short |
| BingX PROVE-USDTshort | −0.0144% | 4h | 0.2294 | −0.131% | — | $2.5M | — | |
| Lighter PROVE | +0.0096% | 1h | 0.2298 | +0.044% | $80K | $129K | 3x | as long as short |
| Variational Omni PROVE | +0.0100% | 4h | 0.2298 | +0.048% | $28K | $44K | — | as long as short |
Bybit PROVEUSDT
Lighter PROVE
Variational Omni PROVE