Funding you earn now, next payment 08:00 UTC+0.0468%/8h= +51.2% APRnext payment +$2.34 per $10,000 · paid last 24h +0.030%
Price spread now: BingX against KuCoin−0.026%7-day average +0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$434as in the Funding arb table
Net, price: spread back to 7d avg − costs−$463as in the Price arb table
costs, in and out, $10k−$4514.510% of the position
Funding, last 7 days+0.172%+$17 on $10k
+Price spread, last 7 days+0.211%+$21 · spread now −0.026%, 7d avg +0.095%
=Funding pays, the price is against you. BingX is 0.121% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.095%). If the spread goes back, that is −$12 on $10k: about 21 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.172% in total) that is about 4.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.172% in total (about 9.0% 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 IDUSDTM | 0.03835 | 0.0100 | pay 0.0050% / 4h | 35m 44s | $1.1M | $73K | 30x |
| Short | BingX ID-USDT | 0.03834 | 0.0568 | get 0.0284% / 4h | 35m 44s | — | $2.3M | — |
KuCoin IDUSDTM
BingX ID-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: −0.026% → +0.095%
- −$12.11
- Slippage, 4 orders
- −$428.96
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$364.78
- Costs to cover
- 4.510%
- Break-even
- 33.0 days
Slippage from KuCoin: live order book, 9 min ago; BingX: live order book, 12 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, 9 min ago | 9.10 bp | 199.1 bp −$199 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 5.20 bp | 19.6 bp −$20 | 50.4 bp −$504 | 382.9 bp −$38.3K | 470.0 bp −$235.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IDUSD | −0.0075% | 1h | 0.03831 | −0.112% | $4K | $4K | 10x | as long as short |
| Aster IDUSDT | +0.0100% | 4h | 0.03836 | +0.022% | $9K | $2K | 5x | as long as short |
| Binance IDUSDT | +0.0100% | 4h | 0.03834 | −0.035% | $2.4M | $4.0M | 50x | as long as short |
| Bybit IDUSDT | +0.0100% | 8h | 0.03833 | −0.052% | $1.5M | $1.1M | 25x | as long as short |
| Gate ID_USDT | +0.0100% | 4h | 0.03841 | +0.156% | $261K | $223K | 25x | as long as short |
| MEXC ID_USDT | +0.0100% | 4h | 0.03833 | −0.052% | $381K | $212K | 20x | as long as short |
| KuCoin IDUSDTMlong | +0.0100% | 4h | 0.03835 | long leg | $1.1M | $73K | 30x | |
| Variational Omni ID | +0.0100% | 8h | 0.03834 | −0.019% | $12K | $20K | — | as long as short |
| BloFin ID-USDT | +0.0137% | 4h | 0.03831 | −0.104% | $156K | $16K | 50x | as long as short |
| BingX ID-USDTshort | +0.0568% | 4h | 0.03834 | −0.026% | — | $2.3M | — |
Kraken Futures PF_IDUSD
Aster IDUSDT
Binance IDUSDT
Bybit IDUSDT
Gate ID_USDT
MEXC ID_USDT
Variational Omni ID
BloFin ID-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget IDUSDT | +0.0604% | 4h | 0.03836 | +0.026% | $994K | $821K | 50x | as long as short |
Bitget IDUSDT