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Funding arb · Price arb /

LUNC

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.1074%/8h= −117.6% APRnext payment −$10.74 per $10,000 · paid last 24h −0.191%
Price spread now: BingX against KuCoin+0.073%7-day average −0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1111.111% of the position
Long on KuCoinShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.196%−$20 on $10k
Price spread, last 7 days−0.212%−$21 · spread now +0.073%, 7d avg −0.063%
Together, before fees−0.409%−$41 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.136% dearer against KuCoin than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of −0.063%): +$14 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.196% in total) that is about 4.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.196% in total (about -10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.74 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin LUNCUSDTM0.000054710.1174pay 0.1174% / 8h6h 17m$1.7M$653K50x
ShortBingX LUNC-USDT0.000054750.0100get 0.0100% / 8h6h 17m—$2.0M—

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

Funding earned
−$225.54
Price spread: +0.073% → −0.063%
$13.59
Slippage, 4 orders
−$89.15
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$323.1
Costs to cover
1.111%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; BingX: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 3 min ago10.97 bp35.5 bp −$35119.4 bp −$1,194doesn't fitdoesn't fit
Sell BingX live order book, 10 min ago3.65 bp17.8 bp −$1850.4 bp −$504329.9 bp −$33.0K861.7 bp −$430.8K

LUNC on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid kLUNC+0.0100%1h0.00005477+0.115%$287K$107K3xas long as short
Aster 1000LUNCUSDT+0.0100%8h0.00005469−0.031%$48K$15K10xas long as short
Binance 1000LUNCUSDT+0.0100%8h0.00005471−0.007%$4.1M$7.8M75xas long as short
Bybit 1000LUNCUSDT+0.0100%8h0.00005477+0.110%$2.0M$740K25xas long as short
Gate LUNC_USDT+0.0100%8h0.00005476+0.091%$388K$239K75xas long as short
MEXC LUNC_USDT+0.0100%8h0.00005462−0.165%$16.9M$1.4M200xas long as short
Bitget LUNCUSDT+0.0100%8h0.00005467−0.073%$1.1M$575K25xas long as short
BingX LUNC-USDTshort+0.0100%8h0.00005475+0.073%—$2.0M—
Extended kLUNC-USD+0.0104%1h0.00005467−0.082%$2K—10xas long as short
KuCoin LUNCUSDTMlong+0.1174%8h0.00005471long leg$1.7M$653K50x