Funding you earn now, next payment 12:00 UTC−0.0608%/8h= −66.6% APRnext payment −$3.04 per $10,000 · paid last 24h −0.356%
Price spread now: BingX against KuCoin−0.065%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$461as in the Funding arb table
Net, price: spread back to 7d avg − costs−$222as in the Price arb table
costs, in and out, $10k−$2192.189% of the position
Funding, last 7 days−2.425%−$243 on $10k
+Price spread, last 4 days (all we have)−0.319%−$32 · spread now −0.065%, 7d avg −0.035%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and BingX is 0.031% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin LONGXIAUSDTM | 0.1850 | 0.0678 | pay 0.0339% / 4h | 3h 40m | $30.1M | $5.0M | 10x |
| Short | BingX LONGXIA-USDT | 0.1848 | 0.0070 | get 0.0035% / 4h | 3h 40m | — | $2.3M | — |
KuCoin LONGXIAUSDTM
BingX LONGXIA-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
- −$127.68
- Price spread: −0.065% → −0.035%
- −$3.08
- Slippage, 4 orders
- −$196.89
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$349.64
- Costs to cover
- 2.189%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 8 min ago; BingX: live order book, 8 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, 8 min ago | 6.57 bp | 97.2 bp −$97 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 4.36 bp | 25.2 bp −$25 | 91.3 bp −$913 | 484.4 bp −$48.4K | 841.3 bp −$420.7K |
LONGXIA on 4 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX LONGXIA-USDTshort | +0.0070% | 4h | 0.1848 | −0.065% | — | $2.3M | — | |
| Bybit LONGXIAUSDT | +0.0100% | 4h | 0.1849 | −0.028% | $719K | $9.2M | 10x | as long as short |
| MEXC LONGXIA_USDT | +0.0324% | 4h | 0.1848 | −0.087% | $1.2M | $1.4M | 50x | as long as short |
| KuCoin LONGXIAUSDTMlong | +0.0678% | 4h | 0.1850 | long leg | $30.1M | $5.0M | 10x |
Bybit LONGXIAUSDT
MEXC LONGXIA_USDT