Funding you earn now, next payment 00:00 UTC−0.0286%/8h= −31.3% APRnext payment −$1.43 per $10,000 · paid last 24h −0.015%
Price spread now: KuCoin against BingX−0.265%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,032as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,050as in the Price arb table
costs, in and out, $10k−$2,02420.244% of the position
Funding, last 7 days−0.074%−$7 on $10k
+Price spread, last 4 days (all we have)−0.063%−$6 · spread now −0.265%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.259% cheaper against BingX than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.074% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.43 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 REDSTONE-USDT | 0.1511 | 0.0386 | pay 0.0193% / 4h | 1h 09m | — | $6.5M | — |
| Short | KuCoin REDSTONEUSDTM | 0.1507 | 0.0100 | get 0.0050% / 4h | 1h 09m | $186K | $74K | 30x |
BingX REDSTONE-USDT
KuCoin REDSTONEUSDTMFunding 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
- −$60.06
- Price spread: −0.265% → −0.006%
- −$25.92
- Slippage, 4 orders
- −$2,002.42
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$2,110.39
- Costs to cover
- 20.244%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; KuCoin: live order book, 55 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, 6 min ago | 9.96 bp | 29.6 bp −$30 | 77.4 bp −$774 | 647.0 bp −$64.7K | 1028.7 bp −$514.4K |
| Sell KuCoin live order book, 55 min ago | 584.48 bp | 641.9 bp −$642 | doesn't fit | doesn't fit | doesn't fit |
REDSTONE on 2 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin REDSTONEUSDTMshort | +0.0100% | 4h | 0.1507 | −0.265% | $186K | $74K | 30x | |
| BingX REDSTONE-USDTlong | +0.0386% | 4h | 0.1511 | long leg | — | $6.5M | — |