Funding you earn now, next payment 12:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin−0.080%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$188as in the Price arb table
costs, in and out, $10k−$1831.833% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.080%, 7d avg −0.036%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.044% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.036%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NILUSDTM | 0.07505 | 0.0118 | pay 0.0059% / 4h | 3h 42m | $626K | $577K | 30x |
| Short | BingX NIL-USDT | 0.07499 | 0.0100 | get 0.0050% / 4h | 3h 42m | — | $8.1M | — |
KuCoin NILUSDTM
BingX NIL-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
- −$3.78
- Price spread: −0.080% → −0.036%
- −$4.39
- Slippage, 4 orders
- −$161.31
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$191.49
- Costs to cover
- 1.833%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 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, 2 min ago | 12.64 bp | 62.9 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 7.33 bp | 19.8 bp −$20 | 98.2 bp −$982 | 465.4 bp −$46.5K | 765.3 bp −$382.6K |
NIL on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NILUSDT | +0.0100% | 4h | 0.07508 | +0.043% | $31K | $243K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07502 | −0.039% | $5.8M | $49.2M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.07516 | +0.147% | $4.2M | $10.2M | 20x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07500 | −0.067% | $2.5M | $3.0M | 100x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07503 | −0.027% | $2.1M | $6.0M | 50x | as long as short |
| BingX NIL-USDTshort | +0.0100% | 4h | 0.07499 | −0.080% | — | $8.1M | — | |
| Variational Omni NIL | +0.0100% | 4h | 0.07539 | +0.456% | $184K | $249K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07510 | +0.062% | $20K | $194K | 5x | as long as short |
| KuCoin NILUSDTMlong | +0.0118% | 4h | 0.07505 | long leg | $626K | $577K | 30x | |
| BloFin NIL-USDT | +0.0126% | 4h | 0.07531 | +0.346% | $374K | $79K | 50x | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
MEXC NIL_USDT
Bitget NILUSDT
Variational Omni NIL
Extended NIL-USD
BloFin NIL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NIL_USDT | +0.0184% | 4h | 0.07505 | 0.000% | $463K | $1.4M | 50x | as long as short |
| Hyperliquid NIL | +0.1779% | 1h | 0.07529 | +0.316% | $4.9M | $4.5M | 3x | as long as short |
Gate NIL_USDT
Hyperliquid NIL