Funding you earn now, next payment 12:00 UTC−0.0836%/8h= −91.5% APRnext payment −$4.18 per $10,000 · paid last 24h −0.019%
Price spread now: BingX against KuCoin+0.183%7-day average +0.279% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,089as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,124as 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)+0.352%+$35 · spread now +0.183%, 7d avg +0.279%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and BingX is 0.095% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.279%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.253%, so the current rate has only just turned against you.
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 −$4.18 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 SWARMSUSDTM | 0.008192 | 0.1334 | pay 0.0667% / 4h | 3h 45m | $769K | $121K | 20x |
| Short | BingX SWARMS-USDT | 0.008207 | 0.0498 | get 0.0249% / 4h | 3h 45m | — | $6.5M | — |
KuCoin SWARMSUSDTM
BingX SWARMS-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
- −$175.56
- Price spread: +0.183% → +0.279%
- −$9.55
- Slippage, 4 orders
- −$1,092.04
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,299.15
- Costs to cover
- 11.140%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 8 min ago; BingX: live order book, 5 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, 8 min ago | 17.10 bp | 293.1 bp −$293 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 2.44 bp | 58.9 bp −$59 | 238.4 bp −$2,384 | 643.4 bp −$64.3K | 830.5 bp −$415.2K |
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 | 0.008196 | +0.049% | $948K | $114K | 10x | as long as short |
| Extended SWARMS-USD | +0.0480% | 1h | 0.008204 | +0.144% | $7K | $209K | 5x | as long as short |
| MEXC SWARMS_USDT | +0.0480% | 4h | 0.008211 | +0.232% | $152K | $97K | 100x | as long as short |
| Binance SWARMSUSDT | +0.0480% | 4h | 0.008206 | +0.171% | $3.5M | $3.5M | 20x | as long as short |
| BingX SWARMS-USDTshort | +0.0498% | 4h | 0.008207 | +0.183% | — | $6.5M | — | |
| BloFin SWARMS-USDT | +0.0531% | 4h | 0.008199 | +0.085% | $226K | $8K | 20x | as long as short |
| Aster SWARMSUSDT | +0.0601% | 4h | 0.008196 | +0.047% | $31K | $102K | 5x | as long as short |
| KuCoin SWARMSUSDTMlong | +0.1334% | 4h | 0.008192 | long leg | $769K | $121K | 20x | |
| Kraken Futures PF_SWARMSUSD | +3.9891% | 1h | 0.008248 | +0.688% | $9K | $45 | 10x | as long as short |
Gate SWARMS_USDT
Extended SWARMS-USD
MEXC SWARMS_USDT
Binance SWARMSUSDT
BloFin SWARMS-USDT
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD