Funding you earn now, next payment 12:00 UTC−0.0316%/8h= −34.6% APRnext payment −$1.58 per $10,000 · paid last 24h −0.120%
Price spread now: BingX against KuCoin−0.266%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,131as in the Price arb table
costs, in and out, $10k−$1,11411.142% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 4 days (all we have)+0.274%+$27 · spread now −0.266%, 7d avg −0.097%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BingX is 0.168% cheaper against KuCoin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.097%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.58 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin STOUSDTM | 0.04142 | 0.0416 | pay 0.0208% / 4h | 51m 26s | $988K | $14K | 25x |
| Short | BingX STO-USDT | 0.04131 | 0.0100 | get 0.0050% / 4h | 51m 26s | — | $6.5M | — |
KuCoin STOUSDTM
BingX STO-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
- −$66.36
- Price spread: −0.266% → −0.097%
- −$16.84
- Slippage, 4 orders
- −$1,092.21
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,197.4
- Costs to cover
- 11.142%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 46 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, 46 min ago | 18.02 bp | 308.6 bp −$309 | 5741.6 bp −$57.4K | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 4.83 bp | 27.2 bp −$27 | 78.3 bp −$783 | 801.6 bp −$80.2K | doesn't fit |
STO on 9 exchanges
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 STO_USDT | −0.0090% | 4h | 0.04126 | −0.386% | $241K | $109K | 25x | as long as short |
| Aster STOUSDT | +0.0100% | 4h | 0.04129 | −0.321% | $26K | $1K | 5x | as long as short |
| Binance STOUSDT | +0.0100% | 4h | 0.04124 | −0.443% | $3.4M | $1.4M | 20x | as long as short |
| Bybit STOUSDT | +0.0100% | 4h | 0.04130 | −0.290% | $704K | $255K | 13x | as long as short |
| MEXC STO_USDT | +0.0100% | 4h | 0.04124 | −0.435% | $753K | $100K | 50x | as long as short |
| Bitget STOUSDT | +0.0100% | 4h | 0.04130 | −0.290% | $319K | $21K | 10x | as long as short |
| BingX STO-USDTshort | +0.0100% | 4h | 0.04131 | −0.266% | — | $6.5M | — | |
| Variational Omni STO | +0.0100% | 4h | 0.04138 | −0.087% | $4K | $12 | — | as long as short |
| KuCoin STOUSDTMlong | +0.0416% | 4h | 0.04142 | long leg | $988K | $14K | 25x |
Gate STO_USDT
Aster STOUSDT
Binance STOUSDT
Bybit STOUSDT
MEXC STO_USDT
Bitget STOUSDT
Variational Omni STO