Funding you earn now, next payment 16:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.046%
Price spread now: KuCoin against BingX−0.211%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$936as in the Funding arb table
Net, price: spread back to 7d avg − costs−$967as in the Price arb table
costs, in and out, $10k−$9469.456% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 4 days (all we have)+0.379%+$38 · spread now −0.211%, 7d avg 0.000%
=Funding pays, the price is against you. KuCoin is 0.211% cheaper against BingX than usual: you would sell low and buy high (spread −0.211% now, against its 7-day average of 0.000%). If the spread goes back, that is −$21 on $10k: about 23 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX WAVES-USDT | 0.2846 | 0.0070 | pay 0.0070% / 8h | 6h 21m | — | $1.3M | — |
| Short | KuCoin WAVESUSDTM | 0.2840 | 0.0100 | get 0.0100% / 8h | 6h 21m | $357K | $31K | 20x |
BingX WAVES-USDT
KuCoin WAVESUSDTMFunding 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
- $6.3
- Price spread: −0.211% → 0.000%
- −$21.05
- Slippage, 4 orders
- −$923.65
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$960.4
- Costs to cover
- 9.456%
- Break-even
- 1074.1 days
Slippage from BingX: live order book, 2 min ago; KuCoin: live order book, 22 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 | 8.79 bp | 45.7 bp −$46 | 168.7 bp −$1,687 | 502.6 bp −$50.3K | 571.1 bp −$285.5K |
| Sell KuCoin live order book, 22 min ago | 31.83 bp | 413.3 bp −$413 | doesn't fit | doesn't fit | doesn't fit |
WAVES on 6 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX WAVES-USDTlong | +0.0070% | 8h | 0.2846 | long leg | — | $1.3M | — | |
| Bybit WAVESUSDT | +0.0100% | 8h | 0.2844 | −0.070% | $1.6M | $1.1M | 20x | as long as short |
| MEXC WAVES_USDT | +0.0100% | 8h | 0.2844 | −0.070% | $473K | $113K | 20x | as long as short |
| KuCoin WAVESUSDTMshort | +0.0100% | 8h | 0.2840 | −0.211% | $357K | $31K | 20x | |
| BloFin WAVES-USDT | +0.0129% | 8h | 0.2844 | −0.070% | $91K | $22K | 20x | as long as short |
| Variational Omni WAVES | +0.0162% | 8h | 0.2834 | −0.407% | $689 | $2K | — | as long as short |
Bybit WAVESUSDT
MEXC WAVES_USDT
BloFin WAVES-USDT
Variational Omni WAVES