Funding you earn now, next payment 00:00 UTC−0.0314%/8h= −34.4% APRnext payment −$1.57 per $10,000 · paid last 24h −0.027%
Price spread now: KuCoin against BingX−0.167%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,051as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,054as in the Price arb table
costs, in and out, $10k−$1,04310.433% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.167%, 7d avg −0.061%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.106% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.061%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.079% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.57 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 ZRX-USDT | 0.1197 | 0.0100 | pay 0.0050% / 4h | 42m 09s | — | $2.3M | — |
| Short | KuCoin ZRXUSDTM | 0.1195 | −0.0214 | pay 0.0107% / 4h | 42m 09s | $329K | $59K | 30x |
BingX ZRX-USDT
KuCoin ZRXUSDTMFunding 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
- −$65.94
- Price spread: −0.167% → −0.061%
- −$10.59
- Slippage, 4 orders
- −$1,021.27
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,119.8
- Costs to cover
- 10.433%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; KuCoin: live order book, 19 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, 6 min ago | 12.52 bp | 34.7 bp −$35 | 93.7 bp −$937 | 717.9 bp −$71.8K | 1180.3 bp −$590.2K |
| Sell KuCoin live order book, 19 min ago | 16.75 bp | 298.8 bp −$299 | doesn't fit | doesn't fit | doesn't fit |
ZRX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZRXUSDTMshort | −0.0214% | 4h | 0.1195 | −0.167% | $329K | $59K | 30x | |
| Bybit ZRXUSDT | −0.0004% | 8h | 0.1197 | +0.042% | $1.4M | $342K | 25x | as long as short |
| BloFin ZRX-USDT | +0.0048% | 4h | 0.1196 | −0.084% | $95K | $19K | 50x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1197 | −0.042% | $1.8M | $1.2M | 50x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1198 | +0.058% | $531K | $263K | 20x | as long as short |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1198 | +0.092% | $146K | $41K | 75x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1196 | −0.084% | $908K | $158K | 50x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1198 | +0.084% | $581K | $122K | 50x | as long as short |
| BingX ZRX-USDTlong | +0.0100% | 4h | 0.1197 | long leg | — | $2.3M | — | |
| Variational Omni ZRX | +0.0100% | 8h | 0.1198 | +0.075% | $23K | $41K | — | as long as short |
Bybit ZRXUSDT
BloFin ZRX-USDT
Binance ZRXUSDT
OKX ZRX-USDT-SWAP
Gate ZRX_USDT
MEXC ZRX_USDT
Bitget ZRXUSDT
Variational Omni ZRXShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSD | +0.1199% | 1h | 0.1200 | +0.212% | $39K | $4K | 10x | as long as short |
Kraken Futures PF_ZRXUSD