Settings8H · net · $10k
Funding arb · Price arb /

REZ

all REZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0594%/8h= −65.0% APRnext payment $2.97 per $10,000 · paid last 24h −0.026%
Price spread now: KuCoin against BingX+0.052%7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$272as in the Funding arb table
Net, price: spread back to 7d avg − costs−$258as in the Price arb table
costs, in and out, $10k−$2692.692% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.028%−$3 on $10k
Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.052%, 7d avg −0.059%
Together, before fees−0.192%−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.111% dearer against BingX than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.059%): +$11 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.028% in total) that is about 28 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX REZ-USDT0.0038820.0694pay 0.0347% / 4h1h 07m$6.6M
ShortKuCoin REZUSDTM0.0038840.0100get 0.0050% / 4h1h 07m$454K$74K30x

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

Profit calculator

Funding earned
−$124.74
Price spread: +0.052% → −0.059%
$11.08
Slippage, 4 orders
−$247.18
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$382.84
Costs to cover
2.692%
Break-even
never at this rate
Slippage from BingX: live order book, 14 min ago; KuCoin: live order book, 36 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 14 min ago5.13 bp17.7 bp −$1849.2 bp −$492467.4 bp −$46.7K738.0 bp −$369.0K
Sell KuCoin live order book, 36 min ago7.81 bp104.7 bp −$105doesn't fitdoesn't fitdoesn't fit

REZ on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_REZUSD+0.0056%1h0.003888+0.154%$44K$10K10xas long as short
Aster REZUSDT+0.0100%4h0.003882−0.002%$18K$39K5xas long as short
Binance REZUSDT+0.0100%4h0.003881−0.026%$5.0M$8.3M50xas long as short
MEXC REZ_USDT+0.0100%4h0.003879−0.077%$1.4M$409K50xas long as short
KuCoin REZUSDTMshort+0.0100%4h0.003884+0.052%$454K$74K30x
Bitget REZUSDT+0.0100%4h0.003880−0.052%$625K$1.2M50xas long as short
BloFin REZ-USDT+0.0157%4h0.003886+0.103%$320K$43K50xas long as short
Variational Omni REZ+0.0360%4h0.003894+0.316%$89K$49Kas long as short
Gate REZ_USDT+0.0364%4h0.003888+0.155%$391K$123K10xas long as short
BingX REZ-USDTlong+0.0694%4h0.003882long leg$6.6M
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit REZUSDT+0.0727%4h0.003886+0.103%$1.5M$1.0M25xas long as short
Hyperliquid REZ+0.1178%1h0.003890+0.206%$1.6M$504K3xas long as short