Funding you earn now, next payment 12:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against KuCoin−0.134%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$607as in the Funding arb table
Net, price: spread back to 7d avg − costs−$654as in the Price arb table
costs, in and out, $10k−$6446.443% of the position
Funding, last 7 days+0.377%+$38 on $10k
+Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.134%, 7d avg −0.042%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.092% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.042%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.377%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin AXLUSDTM | 0.05206 | 0.0100 | pay 0.0050% / 4h | 3h 37m | $439K | $72K | 30x |
| Short | BingX AXL-USDT | 0.05199 | 0.0070 | get 0.0035% / 4h | 3h 37m | — | $2.3M | — |
KuCoin AXLUSDTM
BingX AXL-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
- −$6.3
- Price spread: −0.134% → −0.042%
- −$9.2
- Slippage, 4 orders
- −$622.31
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$659.81
- Costs to cover
- 6.443%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 56 min ago; BingX: live order book, 10 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, 56 min ago | 9.63 bp | 204.2 bp −$204 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 5.75 bp | 35.8 bp −$36 | 134.9 bp −$1,349 | 629.0 bp −$62.9K | 884.5 bp −$442.2K |
AXL on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX AXL-USDTshort | +0.0070% | 4h | 0.05199 | −0.134% | — | $2.3M | — | |
| Aster AXLUSDT | +0.0100% | 4h | 0.05202 | −0.077% | $34K | $6K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05196 | −0.192% | $1.8M | $2.8M | 50x | as long as short |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05200 | −0.115% | $1.4M | $1.2M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05195 | −0.211% | $317K | $146K | 50x | as long as short |
| KuCoin AXLUSDTMlong | +0.0100% | 4h | 0.05206 | long leg | $439K | $72K | 30x | |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05198 | −0.154% | $561K | $298K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05200 | −0.113% | $6K | $23K | — | as long as short |
| BloFin AXL-USDT | +0.0130% | 4h | 0.05194 | −0.231% | $116K | $10K | 50x | as long as short |
Aster AXLUSDT
Binance AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
Bitget AXLUSDT
Variational Omni AXL
BloFin AXL-USDT