Funding you earn now, next payment 08:00 UTC+0.1352%/8h= +148.0% APRnext payment +$6.76 per $10,000 · paid last 24h +0.025%
Price spread now: BingX against KuCoin+0.012%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,956as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,962as in the Price arb table
costs, in and out, $10k−$1,95819.584% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.012%, 7d avg +0.050%
=Funding pays, the price is against you. BingX is 0.038% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.012% now, against its 7-day average of +0.050%). If the spread goes back, that is −$4 on $10k: about 2 hours of funding at the current rate (+$41 a day). At the pace of the last 7 days (+0.026% in total) that is about 10 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.026% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.76 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 THEUSDTM | 0.08190 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $113K | $108K | 10x |
| Short | BingX THE-USDT | 0.08191 | 0.1452 | get 0.0726% / 4h | 3h 31m | — | $6.5M | — |
KuCoin THEUSDTM
BingX THE-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
- $283.92
- Price spread: +0.012% → +0.050%
- −$3.81
- Slippage, 4 orders
- −$1,936.42
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,678.31
- Costs to cover
- 19.584%
- Break-even
- 48.4 days
Slippage from KuCoin: live order book, 33 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, 33 min ago | 7.93 bp | 839.0 bp −$839 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 6.72 bp | 34.0 bp −$34 | 186.2 bp −$1,862 | 850.4 bp −$85.0K | 1165.8 bp −$582.9K |
THE 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 THE_USDT | +0.0100% | 4h | 0.08190 | 0.000% | $66K | $76K | 10x | as long as short |
| KuCoin THEUSDTMlong | +0.0100% | 4h | 0.08190 | long leg | $113K | $108K | 10x | |
| Bitget THEUSDT | +0.0100% | 4h | 0.08184 | −0.073% | $414K | $393K | 10x | as long as short |
| Aster THEUSDT | +0.0297% | 4h | 0.08183 | −0.084% | $5K | $12K | 5x | as long as short |
| MEXC THE_USDT | +0.0336% | 4h | 0.08203 | +0.159% | $198K | $145K | 50x | as long as short |
| Binance THEUSDT | +0.0337% | 4h | 0.08204 | +0.170% | $2.2M | $4.8M | 10x | as long as short |
| BloFin THE-USDT | +0.0393% | 4h | 0.08204 | +0.171% | $142K | $5K | 50x | as long as short |
| Bybit THEUSDT | +0.1212% | 4h | 0.08183 | −0.085% | $552K | $450K | 20x | as long as short |
| BingX THE-USDTshort | +0.1452% | 4h | 0.08191 | +0.012% | — | $6.5M | — |
Gate THE_USDT
Bitget THEUSDT
Aster THEUSDT
MEXC THE_USDT
Binance THEUSDT
BloFin THE-USDT
Bybit THEUSDT