BX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0435%/8h= +47.6% APRnext payment +$4.35 per $10,000 · paid last 24h −0.026%

Price spread now: Binance against KuCoin+0.243%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$545as in the Funding arb table

Net, price: spread back to 7d avg − costs−$517as in the Price arb table

costs, in and out, $10k−$5335.335% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 2 days (all we have)−0.154%−$15 · spread now +0.243%, 7d avg +0.080%

Together, before fees−0.269%−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Binance is 0.163% dearer against KuCoin than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.080%. Mind the row above: over the last 7 days funding on this pair cost −0.115%, 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 -0.115% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.35 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 BXUSDTM	126.51	0.1160	pay 0.1160% / 8h	7h 54m	$112K	$1.1M	20x
Short	Binance BXUSDT	126.82	0.1595	get 0.1595% / 8h	7h 54m	$796K	$481K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BinancebpOrdersPrice spread, now +0.243%Rate

Funding earned: $91.26
Price spread: +0.243% → +0.080%: $16.28
Slippage, 4 orders: −$511.49
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$425.95
Costs to cover: 5.335%
Break-even: 39.7 days

Slippage from KuCoin: live order book, 10 min ago; Binance: live order book, 52 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, 10 min ago	3.56 bp	280.2 bp −$280	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 52 min ago	1.18 bp	33.3 bp −$33	145.6 bp −$1,456	doesn't fit	doesn't fit

BX on 14 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
Aster BXUSDT	0.0000%	8h	126.49	−0.017%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.74	+0.182%	$490K	$866K	25x	as long as short
QFEX BX-USD	0.0000%	1h	127.05	+0.427%	$1.1M	$1.3M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.87	+0.285%	$425K	$27K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.93	+0.332%	$902K	$45K	20x	as long as short
SunX BX-USDT	0.0000%	8h	126.87	+0.285%	$1K	$313K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.45	−0.047%	$7K	$3K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.72	+9.651%	$4K	$32K	12x	as long as short
OKX BX-USDT-SWAP	+0.0286%	8h	126.81	+0.237%	$164K	$113K	20x	as long as short
tradeXYZ xyz:BX	+0.0522%	1h	126.65	+0.111%	$671K	$193K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BX_USDT_Perp	+0.0826%	8h	126.69	+0.142%	$1K	$123K	10x	as long as short
KuCoin BXUSDTMlong	+0.1160%	8h	126.51	long leg	$112K	$1.1M	20x
Variational Omni BX	+0.1226%	8h	126.68	+0.137%	$31K	$127	—	as long as short
Binance BXUSDTshort	+0.1595%	8h	126.82	+0.243%	$796K	$481K	20x