BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0107%/8h= −11.7% APRnext payment −$1.07 per $10,000 · paid last 24h +0.004%

Price spread now: KuCoin against BingX+0.020%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$230.228% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days+0.016%+$2 · spread now +0.020%, 7d avg +0.038%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BTC-USDC	85,542	0.0064	pay 0.0064% / 8h	3h 20m	—	$17.2M	—
Short	KuCoin XBTUSDTM	85,559	−0.0043	pay 0.0043% / 8h	3h 20m	$919.9M	$757.5M	125x

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 +0.020%Rate

Funding earned: −$22.47
Price spread: +0.020% → +0.038%: −$1.85
Slippage, 4 orders: −$0.82
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$47.14
Costs to cover: 0.228%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; KuCoin: live order book, 4 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, 3 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	6.8 bp −$679	8.4 bp −$4,183
Sell KuCoin live order book, 4 min ago	0.01 bp	6.8 bp −$7	7.2 bp −$72	8.9 bp −$892	doesn't fit

BTC on 56 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
Phoenix BTC	−0.0140%	1h	85,468	−0.087%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,553	+0.013%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTMshort	−0.0043%	8h	85,559	+0.020%	$919.9M	$757.5M	125x
BloFin BTC-USDT	−0.0026%	8h	85,543.9	+0.002%	$420.0M	$676.3M	150x	as long as short
01 Exchange BTCUSD	−0.0008%	1h	85,581.2	+0.046%	$365K	$2.3M	50x	as long as short
Aster BTCUSDT	−0.0006%	8h	85,517.7	−0.028%	$515.0M	$1.10B	200x	as long as short
Perpl BTC	0.0000%	43m	85,560.5	+0.022%	$507K	$18.7M	6.7x	as long as short
Nado BTC-PERP	+0.0001%	1h	85,530.1	−0.014%	$24.5M	$222.9M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,576.6	+0.040%	$36.6M	—	200x	as long as short
dYdX BTC-USD	+0.0033%	1h	85,583.7	+0.049%	$16.8M	$21.2M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0044%	1h	85,552	+0.012%	$340K	$26.9M	52x	as long as short
SoDEX BTC-USD	+0.0053%	1h	85,545	+0.004%	$59.9M	$336.0M	40x	as long as short
Deribit BTC-PERPETUAL	+0.0063%	1h	85,592.8	+0.059%	$872.0M	$1.60B	50x	as long as short
BingX BTC-USDClong	+0.0064%	8h	85,542	long leg	—	$17.2M	—
Phemex BTCUSDT	+0.0066%	8h	85,542.2	0.000%	$148.6M	$496.0M	150x	as long as short
Bitget BTCUSDT	+0.0079%	8h	85,559.9	+0.021%	$2.95B	$5.12B	150x	as long as short
MEXC BTC_USDT	+0.0094%	8h	85,561	+0.022%	$5.07B	$5.67B	500x	as long as short
Binance BTCUSDT	+0.0094%	8h	85,545.3	+0.004%	$9.45B	$24.43B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,545.8	+0.004%	$172.1M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,553.5	+0.013%	$23.9M	$148.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,565	+0.027%	$8.4M	$55.0M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,546.2	+0.005%	$2.8M	$2.2M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,555	+0.015%	$230K	$8.4M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,620.8	+0.092%	$5.7M	$9.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,644	+0.119%	$3.79B	$5.02B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,591	+0.057%	$40.2M	$588.0M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,531.6	−0.012%	$5.18B	$9.87B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,565.4	+0.027%	$2.59B	$12.14B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,545	+0.004%	$3.8M	$17.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,565.9	+0.028%	$4.7M	$99.9M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,563.5	+0.025%	$5.53B	$10.83B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,536.9	−0.006%	$36.1M	$178.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,535	−0.008%	$154.3M	$565.4M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,431.3	−0.129%	$279.0M	$929.7M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,439.6	−0.120%	$214.7M	$168.8M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,456.2	−0.100%	$139.8M	$315.9M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,525.5	−0.019%	$30.2M	$207.0M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,611.7	+0.081%	—	$11.0M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,568	+0.030%	$11.1M	$14.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,561.6	+0.023%	$202K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,557.5	+0.018%	$2.5M	$8.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,611	+0.081%	$207K	$738K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,548.1	+0.007%	$30.0M	$50.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,545.7	+0.004%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,543	+0.001%	$2.26B	$949.7M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,447	−0.111%	$679.5M	$701.9M	40x	as long as short
Reya BTCRUSDPERP	+0.0102%	1h	85,559.9	+0.021%	$6.6M	$147.1M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,525.4	−0.019%	$45.6M	$234.8M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,556.6	+0.017%	—	$106.3M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,579.7	+0.044%	$117.2M	$5.26B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0135%	1h	85,565.4	+0.027%	$188.0M	$957.0M	100x	as long as short
Kalshi KXBTCPERP	+0.0169%	8h	85,601	+0.069%	$11.5M	$754.0M	6.4x	as long as short
RISEx BTC/USDC	+0.0174%	1h	85,600	+0.068%	$8.7M	$42.9M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0149%	1h	85,578.6	+0.043%	$13.1M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	85,593.2	+0.060%	$701K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0247%	1h	85,522.6	−0.023%	$78K	$222K	20x	as long as short