Funding you earn now, next payment 08:00 UTC+0.2426%/8h= +265.6% APRnext payment +$12.13 per $10,000 · paid last 24h +0.146%
Price spread now: BingX against KuCoin+0.156%7-day average +0.201% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,055as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,097as in the Price arb table
costs, in and out, $10k−$2,09220.921% of the position
Funding, last 7 days+0.373%+$37 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.156%, 7d avg +0.201%
=Funding pays, the price is against you. BingX is 0.045% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.156% now, against its 7-day average of +0.201%). If the spread goes back, that is −$4 on $10k: about 1 hour of funding at the current rate (+$73 a day). At the pace of the last 7 days (+0.373% in total) that is about 20 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.373% in total (about 19.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$12.13 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 XNYUSDTM | 0.006393 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $305K | $17K | 10x |
| Short | BingX XNY-USDT | 0.006403 | 0.2526 | get 0.1263% / 4h | 1h 31m | — | $1.3M | — |
KuCoin XNYUSDTM
BingX XNY-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
- $509.46
- Price spread: +0.156% → +0.201%
- −$4.47
- Slippage, 4 orders
- −$2,070.14
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,587.14
- Costs to cover
- 20.921%
- Break-even
- 28.8 days
Slippage from KuCoin: live order book, 11 min ago; BingX: live order book, 4 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, 11 min ago | 35.35 bp | 1132.7 bp −$1,133 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 6.27 bp | 44.2 bp −$44 | 199.2 bp −$1,992 | doesn't fit | doesn't fit |
XNY on 9 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 XNYUSDTMlong | +0.0100% | 4h | 0.006393 | long leg | $305K | $17K | 10x | |
| Variational Omni XNY | +0.0100% | 4h | 0.006364 | −0.455% | $52K | $2K | — | as long as short |
| Bybit XNYUSDT | +0.0372% | 4h | 0.006395 | +0.031% | $445K | $35K | 5x | as long as short |
| Gate XNY_USDT | +0.1176% | 4h | 0.006374 | −0.297% | $213K | $16K | 10x | as long as short |
| Aster XNYUSDT | +0.2472% | 4h | 0.006364 | −0.454% | $6K | $6K | 5x | as long as short |
| BingX XNY-USDTshort | +0.2526% | 4h | 0.006403 | +0.156% | — | $1.3M | — | |
| BloFin XNY-USDT | +0.2662% | 4h | 0.006407 | +0.219% | $226K | $6K | 10x | as long as short |
| MEXC XNY_USDT | +0.2706% | 4h | 0.006398 | +0.078% | $180K | $99K | 100x | as long as short |
| Binance XNYUSDT | +0.2739% | 4h | 0.006398 | +0.078% | $3.7M | $1.1M | 10x | as long as short |
Variational Omni XNY
Bybit XNYUSDT
Gate XNY_USDT
Aster XNYUSDT
BloFin XNY-USDT
MEXC XNY_USDT
Binance XNYUSDT