Funding you earn now, next payment 12:00 UTC+0.0844%/8h= +92.4% APRnext payment +$4.22 per $10,000 · paid last 24h +0.019%
Price spread now: KuCoin against BingX−0.061%7-day average −0.279% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,092as in the Price arb table
costs, in and out, $10k−$1,11411.140% of the position
Funding, last 7 days−0.253%−$25 on $10k
+Price spread, last 4 days (all we have)−0.474%−$47 · spread now −0.061%, 7d avg −0.279%
=Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and KuCoin is 0.218% dearer against BingX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.279%. Mind the row above: over the last 7 days funding on this pair cost −0.253%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.253% in total (about -13.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.22 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 SWARMS-USDT | 0.008190 | 0.0512 | pay 0.0256% / 4h | 3h 48m | — | $6.5M | — |
| Short | KuCoin SWARMSUSDTM | 0.008185 | 0.1356 | get 0.0678% / 4h | 3h 48m | $768K | $121K | 20x |
BingX SWARMS-USDT
KuCoin SWARMSUSDTMFunding 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
- $177.24
- Price spread: −0.061% → −0.279%
- $21.75
- Slippage, 4 orders
- −$1,092.04
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$915.05
- Costs to cover
- 11.140%
- Break-even
- 43.1 days
Slippage from BingX: live order book, 2 min ago; KuCoin: live order book, 6 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, 2 min ago | 2.44 bp | 41.8 bp −$42 | 260.2 bp −$2,602 | 582.8 bp −$58.3K | 751.0 bp −$375.5K |
| Sell KuCoin live order book, 6 min ago | 17.10 bp | 720.2 bp −$720 | doesn't fit | doesn't fit | doesn't fit |
SWARMS on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate SWARMS_USDT | +0.0100% | 4h | 0.008179 | −0.134% | $946K | $114K | 10x | as long as short |
| Binance SWARMSUSDT | +0.0492% | 4h | 0.008196 | +0.071% | $3.5M | $3.5M | 20x | as long as short |
| Extended SWARMS-USD | +0.0504% | 1h | 0.008195 | +0.061% | $7K | $209K | 5x | as long as short |
| MEXC SWARMS_USDT | +0.0504% | 4h | 0.008196 | +0.073% | $151K | $97K | 100x | as long as short |
| BloFin SWARMS-USDT | +0.0511% | 4h | 0.008190 | 0.000% | $226K | $8K | 20x | as long as short |
| BingX SWARMS-USDTlong | +0.0512% | 4h | 0.008190 | long leg | — | $6.5M | — | |
| Aster SWARMSUSDT | +0.0614% | 4h | 0.008172 | −0.217% | $31K | $102K | 5x | as long as short |
| KuCoin SWARMSUSDTMshort | +0.1356% | 4h | 0.008185 | −0.061% | $768K | $121K | 20x | |
| Kraken Futures PF_SWARMSUSD | +3.9926% | 1h | 0.008241 | +0.624% | $9K | $45 | 10x | as long as short |
Gate SWARMS_USDT
Binance SWARMSUSDT
Extended SWARMS-USD
MEXC SWARMS_USDT
BloFin SWARMS-USDT
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD