Funding you earn now, next payment 00:00 UTC−0.0660%/8h= −72.3% APRnext payment −$3.30 per $10,000 · paid last 24h −0.142%
Price spread now: KuCoin against BingX−0.531%7-day average −0.204% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,308as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,296as in the Price arb table
costs, in and out, $10k−$1,26312.632% of the position
Funding, last 7 days−0.451%−$45 on $10k
+Price spread, last 7 days+0.387%+$39 · spread now −0.531%, 7d avg −0.204%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and KuCoin is 0.327% cheaper against BingX than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.204%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.451% in total (about -23.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.30 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 US-USDT | 0.01640 | 0.0488 | pay 0.0244% / 4h | 54m 50s | — | $1.3M | — |
| Short | KuCoin USUSDTM | 0.01631 | −0.0172 | pay 0.0086% / 4h | 54m 50s | $4.2M | $278K | 20x |
BingX US-USDT
KuCoin USUSDTMFunding 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
- −$138.6
- Price spread: −0.531% → −0.204%
- −$32.69
- Slippage, 4 orders
- −$1,241.15
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,434.44
- Costs to cover
- 12.632%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; KuCoin: live order book, 3 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, 15 min ago | 7.64 bp | 39.8 bp −$40 | 160.6 bp −$1,606 | 1101.7 bp −$110.2K | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 19.88 bp | 517.4 bp −$517 | doesn't fit | doesn't fit | doesn't fit |
US on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTMshort | −0.0172% | 4h | 0.01631 | −0.531% | $4.2M | $278K | 20x | |
| Bybit USUSDT | +0.0100% | 4h | 0.01639 | −0.037% | $3.2M | $860K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01636 | −0.244% | $2.1M | $546K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01639 | −0.050% | $16K | $3K | — | as long as short |
| Aster USUSDT | +0.0468% | 4h | 0.01636 | −0.238% | $12K | $55K | 5x | as long as short |
| BingX US-USDTlong | +0.0488% | 4h | 0.01640 | long leg | — | $1.3M | — | |
| MEXC US_USDT | +0.0536% | 4h | 0.01639 | −0.012% | $5.5M | $114K | 100x | as long as short |
| Bitget USUSDT | +0.0556% | 4h | 0.01636 | −0.238% | $4.3M | $249K | 10x | as long as short |
| Binance USUSDT | +0.0565% | 4h | 0.01639 | −0.024% | $9.2M | $3.1M | 10x | as long as short |
| Extended US-USD | +0.0568% | 1h | 0.01639 | −0.028% | $4K | $141K | 5x | as long as short |
Bybit USUSDT
Gate US_USDT
Variational Omni US
Aster USUSDT
MEXC US_USDT
Bitget USUSDT
Binance USUSDT
Extended US-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin US-USDT | +0.0624% | 4h | 0.01639 | −0.012% | $476K | $49K | 10x | as long as short |
BloFin US-USDT