REZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0342%/8h= −37.4% APRnext payment −$1.71 per $10,000 · paid last 24h −0.044%

Price spread now: KuCoin against BingX−0.078%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$238as in the Funding arb table

Net, price: spread back to 7d avg − costs−$235as in the Price arb table

costs, in and out, $10k−$2342.335% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.078%, 7d avg −0.059%

Together, before fees−0.062%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.059%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.047% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.71 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX REZ-USDT	0.003868	0.0442	pay 0.0221% / 4h	1h 07m	—	$6.6M	—
Short	KuCoin REZUSDTM	0.003865	0.0100	get 0.0050% / 4h	1h 07m	$451K	$60K	30x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee KuCoinbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$71.82
Price spread: −0.078% → −0.059%: −$1.89
Slippage, 4 orders: −$211.51
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$307.22
Costs to cover: 2.335%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; KuCoin: live order book, 28 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	5.20 bp	18.7 bp −$19	49.4 bp −$494	524.8 bp −$52.5K	doesn't fit
Sell KuCoin live order book, 28 min ago	10.45 bp	102.0 bp −$102	doesn't fit	doesn't fit	doesn't fit

REZ on 12 exchanges

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 REZUSDT	+0.0100%	4h	0.003864	−0.103%	$19K	$42K	5x	as long as short
Binance REZUSDT	+0.0100%	4h	0.003863	−0.122%	$4.9M	$8.1M	50x	as long as short
Gate REZ_USDT	+0.0100%	4h	0.003860	−0.207%	$402K	$117K	10x	as long as short
MEXC REZ_USDT	+0.0100%	4h	0.003864	−0.103%	$1.4M	$372K	50x	as long as short
KuCoin REZUSDTMshort	+0.0100%	4h	0.003865	−0.078%	$451K	$60K	30x
Bitget REZUSDT	+0.0100%	4h	0.003867	−0.026%	$584K	$1.1M	50x	as long as short
BloFin REZ-USDT	+0.0112%	4h	0.003865	−0.078%	$317K	$27K	50x	as long as short
Kraken Futures PF_REZUSD	+0.0149%	1h	0.003864	−0.104%	$44K	$7K	10x	as long as short
Variational Omni REZ	+0.0185%	4h	0.003854	−0.374%	$146K	$110K	—	as long as short
BingX REZ-USDTlong	+0.0442%	4h	0.003868	long leg	—	$6.6M	—

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit REZUSDT	+0.0472%	4h	0.003872	+0.103%	$1.6M	$1.1M	25x	as long as short
Hyperliquid REZ	+0.0660%	1h	0.003874	+0.155%	$1.6M	$535K	3x	as long as short