Funding you earn now, next payment 04:00 UTC−0.0970%/8h= −106.2% APRnext payment −$4.85 per $10,000 · paid last 24h −0.204%
Price spread now: KuCoin against BingX−0.067%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,007as in the Funding arb table
Net, price: spread back to 7d avg − costs−$966as in the Price arb table
costs, in and out, $10k−$9669.662% of the position
Funding, last 7 days−0.412%−$41 on $10k
+Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.067%, 7d avg −0.073%
=The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: −$29 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.412% in total (about -21.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.85 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 | BingX Q-USDT | 0.02539 | 0.1070 | pay 0.0535% / 4h | 2h 48m | — | $1.3M | — |
| Short | KuCoin QUSDTM | 0.02537 | 0.0100 | get 0.0050% / 4h | 2h 48m | $672K | $19K | 20x |
BingX Q-USDT
KuCoin QUSDTMFunding 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
- −$203.7
- Price spread: −0.067% → −0.073%
- $0.61
- Slippage, 4 orders
- −$944.22
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,169.32
- Costs to cover
- 9.662%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; KuCoin: live order book, 65 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, 11 min ago | 39.15 bp | 67.0 bp −$67 | 230.3 bp −$2,303 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 65 min ago | 12.28 bp | 386.5 bp −$386 | doesn't fit | doesn't fit | doesn't fit |
Q on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate Q_USDT | +0.0100% | 4h | 0.02540 | +0.055% | $1.2M | $284K | 10x | as long as short |
| KuCoin QUSDTMshort | +0.0100% | 4h | 0.02537 | −0.067% | $672K | $19K | 20x | |
| Bitget QUSDT | +0.0100% | 4h | 0.02541 | +0.083% | $2.3M | $125K | 20x | as long as short |
| Variational Omni Q | +0.0486% | 4h | 0.02540 | +0.024% | $613 | $2K | — | as long as short |
| Bybit QUSDT | +0.0614% | 4h | 0.02542 | +0.130% | $1.5M | $354K | 13x | as long as short |
| BingX Q-USDTlong | +0.1070% | 4h | 0.02539 | long leg | — | $1.3M | — | |
| Aster QUSDT | +0.1086% | 4h | 0.02542 | +0.137% | $59K | $52K | 5x | as long as short |
| BloFin Q-USDT | +0.1104% | 4h | 0.02544 | +0.181% | $381K | $73K | 40x | as long as short |
| MEXC Q_USDT | +0.1118% | 4h | 0.02544 | +0.181% | $122K | $86K | 50x | as long as short |
| Binance QUSDT | +0.1119% | 4h | 0.02544 | +0.202% | $7.0M | $1.4M | 20x | as long as short |
Gate Q_USDT
Bitget QUSDT
Variational Omni Q
Bybit QUSDT
Aster QUSDT
BloFin Q-USDT
MEXC Q_USDT
Binance QUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended Q-USD | +0.1120% | 1h | 0.02544 | +0.177% | $10K | $166K | 5x | as long as short |
Extended Q-USD