Funding you earn now, next payment 04:00 UTC−0.0954%/8h= −104.5% APRnext payment −$4.77 per $10,000 · paid last 24h −0.249%
Price spread now: KuCoin against BingX−0.156%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$990.988% of the position
Funding, last 7 days−0.467%−$47 on $10k
+Price spread, last 7 days+0.225%+$22 · spread now −0.156%, 7d avg −0.081%
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and KuCoin is 0.075% cheaper against BingX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.081%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.467% in total (about -24.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.77 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 RIVER-USDT | 1.2820 | 0.1054 | pay 0.0527% / 4h | 3h 15m | — | $6.8M | — |
| Short | KuCoin RIVERUSDTM | 1.2800 | 0.0100 | get 0.0050% / 4h | 3h 15m | $2.5M | $2.4M | 50x |
BingX RIVER-USDT
KuCoin RIVERUSDTMFunding 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
- −$200.34
- Price spread: −0.156% → −0.081%
- −$7.54
- Slippage, 4 orders
- −$76.83
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$306.7
- Costs to cover
- 0.988%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; KuCoin: live order book, 1 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, 7 min ago | 7.84 bp | 16.0 bp −$16 | 64.8 bp −$648 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 3.91 bp | 28.1 bp −$28 | 569.9 bp −$5,699 | doesn't fit | doesn't fit |
RIVER on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RIVER | +0.0096% | 1h | 1.2820 | 0.000% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2820 | 0.000% | $2.1M | $3.8M | 20x | as long as short |
| KuCoin RIVERUSDTMshort | +0.0100% | 4h | 1.2800 | −0.156% | $2.5M | $2.4M | 50x | |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2762 | −0.452% | $35K | $437K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2800 | −0.156% | $2K | $1.0M | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2830 | +0.078% | $49K | $94K | 20x | as long as short |
| Bitget RIVERUSDT | +0.0228% | 4h | 1.2820 | 0.000% | $3.0M | $1.9M | 20x | as long as short |
| Variational Omni RIVER | +0.0303% | 4h | 1.2808 | −0.093% | $43K | $20K | — | as long as short |
| Gate RIVER_USDT | +0.0448% | 4h | 1.2800 | −0.156% | $430K | $112K | 20x | as long as short |
| BloFin RIVER-USDT | +0.0537% | 4h | 1.2800 | −0.156% | $422K | $34K | 50x | as long as short |
Lighter RIVER
OKX RIVER-USDT-SWAP
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Bitget RIVERUSDT
Variational Omni RIVER
Gate RIVER_USDT
BloFin RIVER-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RIVER_USDT | +0.0550% | 4h | 1.2820 | 0.000% | $3.8M | $1.5M | 50x | as long as short |
| Binance RIVERUSDT | +0.0552% | 4h | 1.2820 | 0.000% | $6.2M | $10.5M | 50x | as long as short |
| Aster RIVERUSDT | +0.0672% | 4h | 1.2810 | −0.075% | $74K | $31K | 10x | as long as short |
| Kraken Futures PF_RIVERUSD | +0.0781% | 1h | 1.2840 | +0.154% | $58K | $71K | 10x | as long as short |
| BingX RIVER-USDTlong | +0.1054% | 4h | 1.2820 | long leg | — | $6.8M | — | |
| Bybit RIVERUSDT | +0.1092% | 4h | 1.2820 | 0.000% | $3.8M | $1.7M | 25x | as long as short |
MEXC RIVER_USDT
Binance RIVERUSDT
Aster RIVERUSDT
Kraken Futures PF_RIVERUSD
Bybit RIVERUSDT