Funding you earn now, next payment 04:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.07 per $10,000 · paid last 24h −0.033%
Price spread now: KuCoin against BingX−0.236%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$453as in the Funding arb table
Net, price: spread back to 7d avg − costs−$451as in the Price arb table
costs, in and out, $10k−$4374.370% of the position
Funding, last 7 days−0.161%−$16 on $10k
+Price spread, last 7 days+0.378%+$38 · spread now −0.236%, 7d avg −0.092%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and KuCoin is 0.145% cheaper against BingX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.092%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ID-USDT | 0.03806 | 0.0114 | pay 0.0057% / 4h | 1h 30m | — | $2.3M | — |
| Short | KuCoin IDUSDTM | 0.03797 | 0.0100 | get 0.0050% / 4h | 1h 30m | $1.1M | $65K | 30x |
BingX ID-USDT
KuCoin IDUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.94
- Price spread: −0.236% → −0.092%
- −$14.48
- Slippage, 4 orders
- −$414.96
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$454.38
- Costs to cover
- 4.370%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 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, 3 min ago | 3.95 bp | 19.5 bp −$20 | 47.1 bp −$471 | 407.0 bp −$40.7K | 465.6 bp −$232.8K |
| Sell KuCoin live order book, 4 min ago | 10.56 bp | 226.5 bp −$226 | doesn't fit | doesn't fit | doesn't fit |
ID 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ID-USDT | +0.0061% | 4h | 0.03799 | −0.184% | $160K | $14K | 50x | as long as short |
| Aster IDUSDT | +0.0100% | 4h | 0.03800 | −0.162% | $9K | $147 | 5x | as long as short |
| Binance IDUSDT | +0.0100% | 4h | 0.03802 | −0.097% | $2.5M | $3.7M | 50x | as long as short |
| Bybit IDUSDT | +0.0100% | 8h | 0.03805 | −0.026% | $1.5M | $1.1M | 25x | as long as short |
| Gate ID_USDT | +0.0100% | 4h | 0.03801 | −0.131% | $251K | $241K | 25x | as long as short |
| MEXC ID_USDT | +0.0100% | 4h | 0.03802 | −0.105% | $410K | $189K | 20x | as long as short |
| KuCoin IDUSDTMshort | +0.0100% | 4h | 0.03797 | −0.236% | $1.1M | $65K | 30x | |
| Variational Omni ID | +0.0100% | 8h | 0.03802 | −0.112% | $12K | $20K | — | as long as short |
| BingX ID-USDTlong | +0.0114% | 4h | 0.03806 | long leg | — | $2.3M | — | |
| Bitget IDUSDT | +0.0128% | 4h | 0.03809 | +0.079% | $819K | $642K | 50x | as long as short |
BloFin ID-USDT
Aster IDUSDT
Binance IDUSDT
Bybit IDUSDT
Gate ID_USDT
MEXC ID_USDT
Variational Omni ID
Bitget IDUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IDUSD | +0.0624% | 1h | 0.03802 | −0.118% | $4K | $2K | 10x | as long as short |
Kraken Futures PF_IDUSD