Funding you earn now, next payment 03:00 UTC−0.3524%/8h= −385.9% APRnext payment −$17.62 per $10,000 · paid last 24h −0.616%
Price spread now: KuCoin against BingX−0.116%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,908as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,835as in the Price arb table
costs, in and out, $10k−$1,82718.275% of the position
Funding, last 7 days−0.808%−$81 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.116%, 7d avg −0.045%
=Both sides work against this trade now: funding costs −$106 a day on $10k at the current rate, and KuCoin is 0.070% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.045%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.808% in total (about -42.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$17.62 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 TRUST-USDT | 0.06053 | 0.3624 | pay 0.1812% / 4h | 2h 48m | — | $6.5M | — |
| Short | KuCoin TRUSTUSDTM | 0.06046 | 0.0100 | get 0.0050% / 4h | 1h 48m | $282K | $722K | 10x |
BingX TRUST-USDT
KuCoin TRUSTUSDTMFunding 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
- −$740.04
- Price spread: −0.116% → −0.045%
- −$7.04
- Slippage, 4 orders
- −$1,805.48
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$2,574.55
- Costs to cover
- 18.275%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; KuCoin: live order book, 65 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 | 8.26 bp | 45.3 bp −$45 | 97.4 bp −$974 | 1122.9 bp −$112.3K | doesn't fit |
| Sell KuCoin live order book, 65 min ago | 45.01 bp | 670.5 bp −$671 | doesn't fit | doesn't fit | doesn't fit |
TRUST on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX TRUST-USDT-SWAP | +0.0100% | 4h | 0.06055 | +0.033% | $117K | $269K | 10x | as long as short |
| Gate TRUST_USDT | +0.0100% | 8h | 0.06087 | +0.562% | $498K | $28K | 10x | as long as short |
| KuCoin TRUSTUSDTMshort | +0.0100% | 4h | 0.06046 | −0.116% | $282K | $722K | 10x | |
| Bitget TRUSTUSDT | +0.0100% | 4h | 0.06044 | −0.149% | $649K | $69K | 10x | as long as short |
| MEXC TRUST_USDT | +0.0390% | 4h | 0.06052 | −0.017% | $217K | $101K | 50x | as long as short |
| Binance TRUSTUSDT | +0.0391% | 4h | 0.06053 | +0.006% | $1.7M | $1.7M | 10x | as long as short |
| Aster TRUSTUSDT | +0.0515% | 4h | 0.06040 | −0.215% | $10K | $7K | 5x | as long as short |
| BingX TRUST-USDTlong | +0.3624% | 4h | 0.06053 | long leg | — | $6.5M | — | |
| Variational Omni TRUST | +0.3716% | 4h | 0.06029 | −0.404% | $55K | $409 | — | as long as short |
| Bybit TRUSTUSDT | +0.4042% | 4h | 0.06042 | −0.182% | $519K | $428K | 25x | as long as short |
OKX TRUST-USDT-SWAP
Gate TRUST_USDT
Bitget TRUSTUSDT
MEXC TRUST_USDT
Binance TRUSTUSDT
Aster TRUSTUSDT
Variational Omni TRUST
Bybit TRUSTUSDT