Funding you earn now, next payment 08:00 UTC−0.0284%/8h= −31.1% APRnext payment −$1.42 per $10,000 · paid last 24h −0.018%
Price spread now: KuCoin against BingX−0.139%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$261as in the Funding arb table
Net, price: spread back to 7d avg − costs−$264as in the Price arb table
costs, in and out, $10k−$2532.533% of the position
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.139%, 7d avg −0.036%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.103% cheaper against BingX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.036%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.073% in total (about -3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.42 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 | BingX NOT-USDT | 0.0005047 | 0.0100 | pay 0.0050% / 4h | 2h 50m | — | $8.5M | — |
| Short | KuCoin NOTUSDTM | 0.0005040 | −0.0184 | pay 0.0092% / 4h | 2h 50m | $486K | $135K | 50x |
BingX NOT-USDT
KuCoin NOTUSDTMFunding 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
- −$59.64
- Price spread: −0.139% → −0.036%
- −$10.32
- Slippage, 4 orders
- −$231.32
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$323.28
- Costs to cover
- 2.533%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; KuCoin: 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 BingX live order book, 8 min ago | 1.00 bp | 16.4 bp −$16 | 85.4 bp −$854 | 654.7 bp −$65.5K | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 9.00 bp | 106.3 bp −$106 | 425.2 bp −$4,252 | doesn't fit | doesn't fit |
NOT on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NOT | −0.0197% | 4h | 0.0005044 | −0.057% | $72K | $38K | — | as long as short |
| KuCoin NOTUSDTMshort | −0.0184% | 4h | 0.0005040 | −0.139% | $486K | $135K | 50x | |
| Injective NOT/USDC PERP | +0.0033% | 1h | 0.0004874 | −3.428% | $1K | $13K | 5.5x | as long as short |
| Lighter 1000NOT | +0.0096% | 1h | 0.0005056 | +0.178% | $11K | $4K | 3x | as long as short |
| Hyperliquid NOT | +0.0100% | 1h | 0.0005050 | +0.059% | $355K | $58K | 3x | as long as short |
| Aster NOTUSDT | +0.0100% | 4h | 0.0005051 | +0.073% | $14K | $9K | 5x | as long as short |
| Binance NOTUSDT | +0.0100% | 4h | 0.0005050 | +0.052% | $2.1M | $3.1M | 50x | as long as short |
| Bybit NOTUSDT | +0.0100% | 4h | 0.0005047 | 0.000% | $2.1M | $871K | 25x | as long as short |
| OKX NOT-USDT-SWAP | +0.0100% | 4h | 0.0005045 | −0.040% | $643K | $691K | 20x | as long as short |
| Gate NOT_USDT | +0.0100% | 4h | 0.0005043 | −0.079% | $139K | $73K | 50x | as long as short |
Variational Omni NOT
Injective NOT/USDC PERP
Lighter 1000NOT
Hyperliquid NOT
Aster NOTUSDT
Binance NOTUSDT
Bybit NOTUSDT
OKX NOT-USDT-SWAP
Gate NOT_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC NOT_USDT | +0.0100% | 4h | 0.0005052 | +0.099% | $1.3M | $444K | 200x | as long as short |
| Bitget NOTUSDT | +0.0100% | 4h | 0.0005052 | +0.099% | $662K | $463K | 50x | as long as short |
| BingX NOT-USDTlong | +0.0100% | 4h | 0.0005047 | long leg | — | $8.5M | — | |
| Extended kNOT-USD | +0.0104% | 1h | 0.0005050 | +0.051% | $4K | — | 5x | as long as short |
| BloFin NOT-USDT | +0.0121% | 4h | 0.0005047 | 0.000% | $111K | $18K | 50x | as long as short |
| Kraken Futures PF_NOTUSD | +0.1674% | 1h | 0.0005059 | +0.230% | $49K | $9K | 10x | as long as short |
MEXC NOT_USDT
Bitget NOTUSDT
Extended kNOT-USD
BloFin NOT-USDT
Kraken Futures PF_NOTUSD