Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin−0.258%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$904as in the Funding arb table
Net, price: spread back to 7d avg − costs−$939as in the Price arb table
costs, in and out, $10k−$9169.159% of the position
Funding, last 7 days+0.115%+$11 on $10k
+Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.258%, 7d avg −0.029%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.228% cheaper against KuCoin than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USUALUSDTM | 0.01357 | 0.0100 | pay 0.0050% / 4h | 2h 29m | $280K | $64K | 20x |
| Short | BingX USUAL-USDT | 0.01354 | 0.0100 | get 0.0050% / 4h | 2h 29m | — | $1.2M | — |
KuCoin USUALUSDTM
BingX USUAL-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
- $0
- Price spread: −0.258% → −0.029%
- −$22.85
- Slippage, 4 orders
- −$893.94
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$938.78
- Costs to cover
- 9.159%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 51 min ago; BingX: 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 KuCoin live order book, 51 min ago | 25.78 bp | 247.2 bp −$247 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 7.41 bp | 42.3 bp −$42 | 126.8 bp −$1,268 | 532.0 bp −$53.2K | 782.6 bp −$391.3K |
USUAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4964% | 1h | 0.01332 | −1.842% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0746% | 1h | 0.01353 | −0.321% | $110K | $23K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01354 | −0.221% | $387K | $231K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01353 | −0.263% | $2.1M | $3.5M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01355 | −0.177% | $996K | $945K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01353 | −0.295% | $903K | $251K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01353 | −0.273% | $5.9M | $267K | 100x | as long as short |
| KuCoin USUALUSDTMlong | +0.0100% | 4h | 0.01357 | long leg | $280K | $64K | 20x | |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01354 | −0.221% | $820K | $506K | 50x | as long as short |
| BingX USUAL-USDTshort | +0.0100% | 4h | 0.01354 | −0.258% | — | $1.2M | — |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
Bitget USUALUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01351 | −0.410% | $9K | $208 | — | as long as short |
Variational Omni USUAL