BTW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0776%/8h= −85.0% APRnext payment −$3.88 per $10,000 · paid last 24h −0.083%

Price spread now: KuCoin against BingX+0.026%7-day average −0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$190as in the Price arb table

costs, in and out, $10k−$2042.043% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$10 on $10k

Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.026%, 7d avg −0.120%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.146% dearer against BingX than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.120%): +$15 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 7 days funding on this pair paid +0.095%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.095% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.88 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	BingX BTW-USDT	0.8267	0.0956	pay 0.0478% / 4h	2h 48m	—	$4.4M	—
Short	KuCoin BTWUSDTM	0.8269	0.0180	get 0.0090% / 4h	2h 48m	$7.3M	$4.9M	10x

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 +0.026%Rate

Funding earned: −$162.96
Price spread: +0.026% → −0.120%: $14.61
Slippage, 4 orders: −$182.34
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$352.68
Costs to cover: 2.043%
Break-even: never at this rate

Slippage from BingX: live order book, 6 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, 6 min ago	4.29 bp	26.4 bp −$26	82.6 bp −$826	783.0 bp −$78.3K	doesn't fit
Sell KuCoin live order book, 4 min ago	11.03 bp	100.7 bp −$101	doesn't fit	doesn't fit	doesn't fit

BTW on 11 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
HTX BTW-USDT	+0.0100%	4h	0.8260	−0.079%	$213K	$796K	10x	as long as short
KuCoin BTWUSDTMshort	+0.0180%	4h	0.8269	+0.026%	$7.3M	$4.9M	10x
Bitget BTWUSDT	+0.0712%	4h	0.8264	−0.040%	$26.0M	$15.2M	5x	as long as short
Bybit BTWUSDT	+0.0722%	4h	0.8262	−0.058%	$15.9M	$41.4M	10x	as long as short
Aster BTWUSDT	+0.0746%	4h	0.8265	−0.030%	$2.3M	$3.2M	5x	as long as short
BingX BTW-USDTlong	+0.0956%	4h	0.8267	long leg	—	$4.4M	—
edgeX BTWUSDC	+0.1007%	4h	0.8176	−1.103%	$337K	$502K	10x	as long as short
MEXC BTW_USDT	+0.1034%	4h	0.8264	−0.036%	$9.4M	$6.5M	20x	as long as short
Binance BTWUSDT	+0.1044%	4h	0.8265	−0.027%	$115.2M	$181.2M	10x	as long as short
Extended BTW-USD	+0.1048%	1h	0.8262	−0.066%	$36K	$15K	5x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BTW_USDT	+0.1476%	4h	0.8262	−0.058%	$3.4M	$17.8M	10x	as long as short