Funding you earn now, next payment 02:00 UTC−0.1671%/8h= −183.0% APRpaid last 24h −0.100%
Price spread now: tradeXYZ against KuCoin+0.071%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$628as in the Funding arb table
Net, price: spread back to 7d avg − costs−$601as in the Price arb table
costs, in and out, $10k−$6126.121% of the position
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.071%, 7d avg −0.041%
=Together, before fees−0.330%+ Points / potential airdroptradeXYZ: Active · farm board−$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.112% dearer against KuCoin than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of −0.041%): +$11 on $10k if it goes back. Holding the pair costs −$50 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.160% in total) that is about 4.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.160% in total (about -8.3% a year). A funding rate is set anew for every payment. 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 | 126.27 | 0.0881 | pay 0.0881% / 8h | 6h 34m | $113K | $1.1M | 20x |
| Short | tradeXYZ xyz:BX | 126.36 | −0.0790 | pay 0.0099% / 1h | 34m 05s | $665K | $210K | 10x |
KuCoin BXUSDTM
tradeXYZ xyz:BXFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$350.98
- Price spread: +0.071% → −0.041%
- $11.24
- Slippage, 4 orders
- −$582.11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$951.84
- Costs to cover
- 6.121%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; tradeXYZ: live order book, 12 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, 6 min ago | 4.35 bp | 305.1 bp −$305 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 12 min ago | 2.77 bp | 38.0 bp −$38 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BXshort | −0.0790% | 1h | 126.36 | +0.071% | $665K | $210K | 10x | |
| Aster BXUSDT | 0.0000% | 8h | 126.34 | +0.059% | $5K | $2K | 20x | as long as short |
| Bybit BXUSDT | 0.0000% | 8h | 126.38 | +0.087% | $486K | $866K | 25x | as long as short |
| QFEX BX-USD | 0.0000% | 1h | 127.06 | +0.626% | $1.1M | $1.4M | 10x | as long as short |
| Gate BX_USDT | 0.0000% | 8h | 126.50 | +0.182% | $424K | $27K | 20x | as long as short |
| Bitget BXUSDT | 0.0000% | 8h | 126.48 | +0.166% | $898K | $37K | 20x | as long as short |
| SunX BX-USDT | 0.0000% | 8h | 126.37 | +0.079% | $511 | $307K | 10x | as long as short |
| HTX BX-USDT | 0.0000% | 8h | 126.68 | +0.325% | $7K | $3K | 20x | as long as short |
| OKX BX-USDT-SWAP | +0.0134% | 8h | 126.47 | +0.158% | $164K | $113K | 20x | as long as short |
| Injective BX/USDC PERP | +0.0220% | 1h | 138.82 | +9.939% | $4K | $32K | 12x | as long as short |
Aster BXUSDT
Bybit BXUSDT
QFEX BX-USD
Gate BX_USDT
Bitget BXUSDT
SunX BX-USDT
HTX BX-USDT
OKX BX-USDT-SWAP
Injective BX/USDC PERPShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BX_USDT_Perp | +0.0573% | 8h | 126.41 | +0.113% | $482 | $119K | 10x | as long as short |
| KuCoin BXUSDTMlong | +0.0881% | 8h | 126.27 | long leg | $113K | $1.1M | 20x | |
| Variational Omni BX | +0.1137% | 8h | 126.37 | +0.076% | $31K | $127 | — | as long as short |
| Binance BXUSDT | +0.1487% | 8h | 126.39 | +0.094% | $791K | $474K | 20x | as long as short |
GRVT BX_USDT_Perp
Variational Omni BX
Binance BXUSDT