PTB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.62 per $10,000 · paid last 24h +0.005%

Price spread now: BingX against KuCoin+0.171%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$408as in the Funding arb table

Net, price: spread back to 7d avg − costs−$383as in the Price arb table

costs, in and out, $10k−$3943.942% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 7 days−0.112%−$11 · spread now +0.171%, 7d avg +0.060%

Together, before fees−0.249%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.111% dearer against KuCoin than usual: you sell high and buy low (spread +0.171% now, against its 7-day average of +0.060%): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PTBUSDTM	0.001227	0.0810	pay 0.0405% / 4h	1m 20s	$2.0M	$8.6M	20x
Short	BingX PTB-USDT	0.001229	0.0686	get 0.0343% / 4h	1m 20s	—	$2.5M	—

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BingXbpOrdersPrice spread, now +0.171%Rate

Funding earned: −$26.04
Price spread: +0.171% → +0.060%: $11.09
Slippage, 4 orders: −$372.22
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$409.16
Costs to cover: 3.942%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 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, 7 min ago	5.71 bp	183.0 bp −$183	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	2.87 bp	34.2 bp −$34	103.9 bp −$1,039	691.1 bp −$69.1K	doesn't fit

PTB on 10 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 PTBUSDT	+0.0100%	4h	0.001228	+0.139%	$2.0M	$27.5M	25x	as long as short
Variational Omni PTB	+0.0100%	4h	0.001228	+0.129%	$41K	$71K	—	as long as short
Aster PTBUSDT	+0.0561%	4h	0.001228	+0.147%	$74K	$1.0M	5x	as long as short
BingX PTB-USDTshort	+0.0686%	4h	0.001229	+0.171%	—	$2.5M	—
MEXC PTB_USDT	+0.0734%	4h	0.001229	+0.179%	$447K	$1.2M	20x	as long as short
Binance PTBUSDT	+0.0735%	4h	0.001228	+0.147%	$9.1M	$184.2M	20x	as long as short
BloFin PTB-USDT	+0.0736%	4h	0.001229	+0.188%	$526K	$1.0M	20x	as long as short
Extended kPTB-USD	+0.0736%	1h	0.001227	+0.070%	$4K	$45K	5x	as long as short
KuCoin PTBUSDTMlong	+0.0810%	4h	0.001227	long leg	$2.0M	$8.6M	20x
Gate PTB_USDT	+0.1204%	4h	0.001225	−0.098%	$2.0M	$7.6M	25x	as long as short