Funding you earn now, next payment 08:00 UTC+0.0468%/8h= +51.2% APRnext payment +$2.34 per $10,000 · paid last 24h +0.091%
Price spread now: BingX against KuCoin+0.094%7-day average +0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,225as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,238as in the Price arb table
costs, in and out, $10k−$1,23412.335% of the position
Funding, last 7 days+0.088%+$9 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.094%, 7d avg +0.143%
=Funding pays, the price is against you. BingX is 0.049% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.094% now, against its 7-day average of +0.143%). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.088% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.088% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.34 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 GWEIUSDTM | 0.02349 | 0.0100 | pay 0.0050% / 4h | 1h 16m | $463K | $36K | 20x |
| Short | BingX GWEI-USDT | 0.02351 | 0.0568 | get 0.0284% / 4h | 1h 16m | — | $1.6M | — |
KuCoin GWEIUSDTM
BingX GWEI-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $98.28
- Price spread: +0.094% → +0.143%
- −$4.95
- Slippage, 4 orders
- −$1,211.52
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,140.19
- Costs to cover
- 12.335%
- Break-even
- 88.2 days
Slippage from KuCoin: live order book, 27 min ago; BingX: live order book, 11 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, 27 min ago | 36.18 bp | 800.6 bp −$801 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 6.39 bp | 32.1 bp −$32 | 99.1 bp −$991 | 694.2 bp −$69.4K | doesn't fit |
GWEI 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate GWEI_USDT | +0.0100% | 4h | 0.02347 | −0.077% | $397K | $586K | 10x | as long as short |
| KuCoin GWEIUSDTMlong | +0.0100% | 4h | 0.02349 | long leg | $463K | $36K | 20x | |
| Variational Omni GWEI | +0.0100% | 4h | 0.02363 | +0.587% | $5K | $1K | — | as long as short |
| Bybit GWEIUSDT | +0.0101% | 4h | 0.02351 | +0.094% | $391K | $276K | 25x | as long as short |
| Extended GWEI-USD | +0.0104% | 1h | 0.02352 | +0.146% | $5K | $218K | 5x | as long as short |
| Binance GWEIUSDT | +0.0105% | 4h | 0.02353 | +0.167% | $2.5M | $5.3M | 50x | as long as short |
| MEXC GWEI_USDT | +0.0106% | 4h | 0.02352 | +0.136% | $128K | $94K | 20x | as long as short |
| BloFin GWEI-USDT | +0.0140% | 4h | 0.02355 | +0.264% | $162K | $41K | 50x | as long as short |
| BingX GWEI-USDTshort | +0.0568% | 4h | 0.02351 | +0.094% | — | $1.6M | — | |
| Bitget GWEIUSDT | +0.0608% | 4h | 0.02350 | +0.051% | $1.9M | $478K | 20x | as long as short |
Gate GWEI_USDT
Variational Omni GWEI
Bybit GWEIUSDT
Extended GWEI-USD
Binance GWEIUSDT
MEXC GWEI_USDT
BloFin GWEI-USDT
Bitget GWEIUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.0844% | 4h | 0.02352 | +0.147% | $19K | $32K | 10x | as long as short |
Aster GWEIUSDT