Funding you earn now, next payment 12:00 UTC+0.0242%/8h= +26.5% APRnext payment +$1.21 per $10,000 · paid last 24h +0.064%
Price spread now: BingX against KuCoin−0.622%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6,598as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6,671as in the Price arb table
costs, in and out, $10k−$6,60866.076% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 4 days (all we have)+1.182%+$118 · spread now −0.622%, 7d avg +0.010%
=Funding pays, the price is against you. BingX is 0.631% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.622% now, against its 7-day average of +0.010%). If the spread goes back, that is −$63 on $10k: about 8.7 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.100% in total) that is about 44 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.21 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 REDSTONEUSDTM | 0.1609 | 0.0100 | pay 0.0050% / 4h | 3h 13m | $199K | $11K | 30x |
| Short | BingX REDSTONE-USDT | 0.1599 | 0.0342 | get 0.0171% / 4h | 3h 13m | — | $6.5M | — |
KuCoin REDSTONEUSDTM
BingX REDSTONE-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
- $50.82
- Price spread: −0.622% → +0.010%
- −$63.14
- Slippage, 4 orders
- −$6,585.63
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$6,619.95
- Costs to cover
- 66.076%
- Break-even
- 918.8 days
Slippage from KuCoin: live order book, 7 min ago; BingX: live order book, 7 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 | 133.58 bp | 6268.9 bp −$6,269 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 9.45 bp | 34.1 bp −$34 | 85.1 bp −$851 | 552.6 bp −$55.3K | 942.1 bp −$471.1K |
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 REDSTONEUSDTMlong | +0.0100% | 4h | 0.1609 | long leg | $199K | $11K | 30x | |
| BingX REDSTONE-USDTshort | +0.0342% | 4h | 0.1599 | −0.622% | — | $6.5M | — |