BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0108%/8h= −11.8% APRnext payment −$1.08 per $10,000 · paid last 24h +0.004%

Price spread now: KuCoin against BingX0.000%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days+0.006%+$1 · spread now 0.000%, 7d avg −0.002%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BTC-USDT	85,420.8	0.0073	pay 0.0073% / 8h	1h 10m	—	$1.57B	—
Short	KuCoin XBTUSDTM	85,421	−0.0035	pay 0.0035% / 8h	1h 10m	$929.3M	$773.0M	125x

Funding 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 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 BingXbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$22.68
Price spread: 0.000% → −0.002%: $0.21
Slippage, 4 orders: −$0.23
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$44.7
Costs to cover: 0.222%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; KuCoin: 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 BingX live order book, 14 min ago	0.01 bp	5.1 bp −$5	5.2 bp −$52	5.3 bp −$531	5.7 bp −$2,843
Sell KuCoin live order book, 4 min ago	0.01 bp	6.1 bp −$6	7.0 bp −$70	8.9 bp −$887	doesn't fit

BTC on 55 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
Phoenix BTC	−0.0082%	1h	85,504	+0.097%	$2.3M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,404	−0.020%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTMshort	−0.0035%	8h	85,421	0.000%	$929.3M	$773.0M	125x
BloFin BTC-USDT	−0.0022%	8h	85,404.7	−0.019%	$420.0M	$679.6M	150x	as long as short
Aster BTCUSDT	−0.0004%	8h	85,410.7	−0.012%	$512.8M	$1.09B	200x	as long as short
01 Exchange BTCUSD	0.0000%	1h	85,443.1	+0.026%	$352K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	85,452.2	+0.037%	$490K	$18.4M	6.7x	as long as short
dYdX BTC-USD	+0.0001%	1h	85,430.8	+0.012%	$16.7M	$21.1M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,434	+0.015%	$36.5M	—	200x	as long as short
Nado BTC-PERP	+0.0045%	1h	85,404.8	−0.019%	$24.1M	$220.1M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0057%	1h	85,247	−0.203%	$338K	$26.8M	52x	as long as short
BingX BTC-USDTlong	+0.0073%	8h	85,420.8	long leg	—	$1.57B	—
Kraken Futures PF_XBTUSD	+0.0089%	1h	85,443.9	+0.027%	$186.2M	$953.0M	100x	as long as short
Bitget BTCUSDT	+0.0091%	8h	85,424.7	+0.005%	$2.97B	$5.15B	150x	as long as short
Bybit BTCUSDT	+0.0095%	8h	85,416.2	−0.005%	$5.14B	$9.96B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,442.8	+0.026%	$169.8M	$1.03B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,442.2	+0.025%	$23.6M	$148.6M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,462	+0.048%	$8.5M	$56.8M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,418.6	−0.003%	$2.4M	$6.7M	20x	as long as short
Binance BTCUSDT	+0.0098%	8h	85,421.8	+0.001%	$9.42B	$24.87B	150x	as long as short
MEXC BTC_USDT	+0.0098%	8h	85,422	+0.001%	$5.04B	$5.78B	500x	as long as short
SoDEX BTC-USD	+0.0099%	1h	85,425	+0.005%	$59.8M	$336.7M	40x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,417	−0.004%	$245K	$8.7M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,496.9	+0.089%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,510.5	+0.105%	$3.75B	$5.08B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,471.1	+0.059%	$40.1M	$603.8M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,426.9	+0.007%	$2.60B	$12.19B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,427	+0.007%	$3.8M	$17.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,426.1	+0.006%	$5.1M	$96.6M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,426.3	+0.006%	$5.56B	$11.08B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,415.3	−0.006%	$37.4M	$180.4M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,384.3	−0.043%	$156.3M	$556.9M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,427.5	+0.008%	$279.9M	$952.4M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,456.8	+0.042%	$214.5M	$164.6M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,446.3	+0.030%	$139.7M	$313.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,436	+0.018%	$30.1M	$207.3M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,472.1	+0.060%	—	$10.2M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,421	0.000%	$11.0M	$14.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,423.1	+0.003%	$199K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,424.7	+0.005%	$2.6M	$9.7M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,470	+0.058%	$194K	$796K	40x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,425.8	+0.006%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,417.5	−0.004%	$2.26B	$962.9M	200x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,431.3	+0.012%	$155.4M	$512.0M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,413.1	−0.009%	$689.0M	$342.5M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,395.2	−0.030%	$44.9M	$239.7M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,449.5	+0.034%	—	$104.3M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,461.6	+0.048%	$112.9M	$5.48B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0131%	1h	85,471.6	+0.060%	$855.8M	$1.63B	50x	as long as short
Reya BTCRUSDPERP	+0.0133%	1h	85,395.8	−0.029%	$6.6M	$147.7M	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0175% / S −0.0150%	1h	85,433.2	+0.014%	$13.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0177%	8h	85,450	+0.034%	$11.8M	$739.7M	6.4x	as long as short
RISEx BTC/USDC	+0.0193%	1h	85,455.9	+0.041%	$8.8M	$42.6M	25x	as long as short
Hibachi BTC/USDT-P	+0.0216%	1h	85,436.2	+0.018%	$685K	$7.8M	30x	as long as short
Aftermath Perps BTCUSD	+0.0263%	1h	85,460.6	+0.047%	$80K	$240K	20x	as long as short