BTW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0812%/8h= +88.9% APRnext payment +$4.06 per $10,000 · paid last 24h +0.083%

Price spread now: BingX against KuCoin+0.137%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$312as in the Funding arb table

Net, price: spread back to 7d avg − costs−$300as in the Price arb table

costs, in and out, $10k−$3023.022% of the position

Long on KuCoin Short on BingX

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)−0.057%−$6 · spread now +0.137%, 7d avg +0.117%

Together, before fees−0.153%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and BingX is 0.020% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.117%. Mind the row above: over the last 7 days funding on this pair cost −0.095%, 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 -0.095% in total (about -5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.06 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 BTWUSDTM	0.8010	0.0100	pay 0.0050% / 4h	1h 11m	$7.1M	$4.9M	10x
Short	BingX BTW-USDT	0.8021	0.0912	get 0.0456% / 4h	1h 11m	—	$4.2M	—

Funding 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 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 BingXbpOrdersPrice spread, now +0.137%Rate

Funding earned: $170.52
Price spread: +0.137% → +0.117%: $2.03
Slippage, 4 orders: −$280.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$129.64
Costs to cover: 3.022%
Break-even: 12.3 days

Slippage from KuCoin: live order book, 1 min ago; BingX: live order book, 9 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, 1 min ago	10.75 bp	86.2 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	5.02 bp	28.7 bp −$29	123.5 bp −$1,235	659.1 bp −$65.9K	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
KuCoin BTWUSDTMlong	+0.0100%	4h	0.8010	long leg	$7.1M	$4.9M	10x
HTX BTW-USDT	+0.0100%	4h	0.8035	+0.318%	$208K	$752K	10x	as long as short
Bybit BTWUSDT	+0.0578%	4h	0.8001	−0.108%	$15.5M	$41.4M	10x	as long as short
Aster BTWUSDT	+0.0781%	4h	0.8011	+0.010%	$2.2M	$3.3M	5x	as long as short
Bitget BTWUSDT	+0.0790%	4h	0.8020	+0.121%	$25.2M	$15.1M	5x	as long as short
Gate BTW_USDT	+0.0858%	4h	0.7990	−0.246%	$3.3M	$17.9M	10x	as long as short
BingX BTW-USDTshort	+0.0912%	4h	0.8021	+0.137%	—	$4.2M	—
Binance BTWUSDT	+0.0935%	4h	0.8016	+0.080%	$111.4M	$179.1M	10x	as long as short
MEXC BTW_USDT	+0.0940%	4h	0.8017	+0.088%	$8.9M	$6.5M	20x	as long as short
Extended BTW-USD	+0.0944%	1h	0.8009	−0.015%	$34K	$15K	5x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BTWUSDC	+0.0948%	4h	0.8032	+0.270%	$349K	$510K	10x	as long as short