Funding you earn now, next payment 03:00 UTC−0.0798%/8h= −87.4% APRpaid last 24h −0.115%
Price spread now: tradeXYZ against KuCoin+0.135%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$574as in the Funding arb table
Net, price: spread back to 7d avg − costs−$539as in the Price arb table
costs, in and out, $10k−$5575.568% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 4 days (all we have)−0.434%−$43 · spread now +0.135%, 7d avg −0.039%
=Together, before fees−0.605%+ Points / potential airdroptradeXYZ: Active · farm board−$60 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.174% dearer against KuCoin than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of −0.039%): +$17 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.170% in total) that is about 7.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.170% in total (about -8.9% a year). A funding rate is set anew for every payment. 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 | KuCoin BXUSDTM | 126.04 | 0.0292 | pay 0.0292% / 8h | 5h 00m | $114K | $972K | 20x |
| Short | tradeXYZ xyz:BX | 126.21 | −0.0506 | pay 0.0063% / 1h | 0m 25s | $664K | $211K | 10x |
KuCoin BXUSDTM
tradeXYZ xyz:BXFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$167.57
- Price spread: +0.135% → −0.039%
- $17.4
- Slippage, 4 orders
- −$526.81
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$706.98
- Costs to cover
- 5.568%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 24 min ago; tradeXYZ: live order book, 36 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, 24 min ago | 11.90 bp | 273.3 bp −$273 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 36 min ago | 3.17 bp | 29.5 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
BX on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BXshort | −0.0506% | 1h | 126.21 | +0.135% | $664K | $211K | 10x | |
| Aster BXUSDT | 0.0000% | 8h | 126.22 | +0.142% | $5K | $2K | 20x | as long as short |
| Bybit BXUSDT | 0.0000% | 8h | 126.32 | +0.222% | $485K | $836K | 25x | as long as short |
| OKX BX-USDT-SWAP | 0.0000% | 8h | 126.34 | +0.238% | $164K | $113K | 20x | as long as short |
| QFEX BX-USD | 0.0000% | 1h | 127.02 | +0.778% | $1.1M | $1.4M | 10x | as long as short |
| Gate BX_USDT | 0.0000% | 8h | 126.34 | +0.238% | $423K | $27K | 20x | as long as short |
| Bitget BXUSDT | 0.0000% | 8h | 126.44 | +0.317% | $899K | $36K | 20x | as long as short |
| GRVT BX_USDT_Perp | 0.0000% | 8h | 126.26 | +0.173% | $1K | $111K | 10x | as long as short |
| SunX BX-USDT | 0.0000% | 8h | 126.20 | +0.127% | $1K | $311K | 10x | as long as short |
| HTX BX-USDT | 0.0000% | 8h | 126.29 | +0.198% | $7K | $3K | 20x | as long as short |
Aster BXUSDT
Bybit BXUSDT
OKX BX-USDT-SWAP
QFEX BX-USD
Gate BX_USDT
Bitget BXUSDT
GRVT BX_USDT_Perp
SunX BX-USDT
HTX BX-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BX/USDC PERP | +0.0220% | 1h | 138.60 | +9.965% | $4K | $32K | 12x | as long as short |
| KuCoin BXUSDTMlong | +0.0292% | 8h | 126.04 | long leg | $114K | $972K | 20x | |
| Variational Omni BX | +0.0626% | 8h | 126.23 | +0.154% | $43K | $12K | — | as long as short |
| Binance BXUSDT | +0.0865% | 8h | 126.33 | +0.227% | $782K | $483K | 20x | as long as short |
Injective BX/USDC PERP
Variational Omni BX
Binance BXUSDT