Funding you earn now, next payment 08:00 UTC+0.0230%/8h= +25.2% APRnext payment +$2.30 per $10,000 · paid last 24h −0.050%
Price spread now: BingX against KuCoin−0.071%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,035as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,032as in the Price arb table
costs, in and out, $10k−$1,02510.250% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 4 days (all we have)+0.015%+$1 · spread now −0.071%, 7d avg +0.004%
=Funding pays, the price is against you. BingX is 0.074% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of +0.004%). If the spread goes back, that is −$7 on $10k: about 26 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.30 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 | KuCoin WAVESUSDTM | 0.2824 | 0.0100 | pay 0.0100% / 8h | 1h 59m | $362K | $35K | 20x |
| Short | BingX WAVES-USDT | 0.2822 | 0.0330 | get 0.0330% / 8h | 1h 59m | — | $1.3M | — |
KuCoin WAVESUSDTM
BingX WAVES-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
- $48.3
- Price spread: −0.071% → +0.004%
- −$7.43
- Slippage, 4 orders
- −$1,003.05
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$984.18
- Costs to cover
- 10.250%
- Break-even
- 149.6 days
Slippage from KuCoin: live order book, 58 min ago; BingX: live order book, 16 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, 58 min ago | 38.90 bp | 514.0 bp −$514 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 16 min ago | 3.56 bp | 46.9 bp −$47 | 127.2 bp −$1,272 | 493.4 bp −$49.3K | 563.6 bp −$281.8K |
WAVES on 6 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 WAVESUSDTMlong | +0.0100% | 8h | 0.2824 | long leg | $362K | $35K | 20x | |
| BingX WAVES-USDTshort | +0.0330% | 8h | 0.2822 | −0.071% | — | $1.3M | — | |
| MEXC WAVES_USDT | +0.0359% | 8h | 0.2822 | −0.071% | $470K | $133K | 20x | as long as short |
| Bybit WAVESUSDT | +0.0368% | 8h | 0.2825 | +0.035% | $1.6M | $1.4M | 20x | as long as short |
| BloFin WAVES-USDT | +0.0385% | 8h | 0.2824 | 0.000% | $90K | $22K | 20x | as long as short |
| Variational Omni WAVES | +0.0419% | 8h | 0.2823 | −0.018% | $686 | $2K | — | as long as short |
MEXC WAVES_USDT
Bybit WAVESUSDT
BloFin WAVES-USDT
Variational Omni WAVES