BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.006%

Price spread now: BingX against KuCoin+0.005%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.005%, 7d avg +0.002%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XBTUSDTM	85,886.7	0.0053	pay 0.0053% / 8h	5h 05m	$941.8M	$636.0M	125x
Short	BingX BTC-USDT	85,891.1	0.0043	get 0.0043% / 8h	5h 05m	—	$1.30B	—

Funding 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 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 KuCoinbpFee BingXbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$2.1
Price spread: +0.005% → +0.002%: $0.35
Slippage, 4 orders: −$0.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$24.04
Costs to cover: 0.223%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; BingX: live order book, 12 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, 7 min ago	0.01 bp	6.2 bp −$6	7.5 bp −$75	8.1 bp −$807	10.9 bp −$5,468
Sell BingX live order book, 12 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.0 bp −$501	5.1 bp −$2,543

BTC on 56 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
Phoenix BTC	−0.0133%	1h	85,779	−0.125%	$2.1M	$7.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,196	+0.360%	$8K	$2K	50x	as long as short
BloFin BTC-USDT	−0.0044%	8h	85,849.3	−0.043%	$421.8M	$550.0M	150x	as long as short
01 Exchange BTCUSD	−0.0040%	1h	85,896.7	+0.012%	$367K	$1.8M	50x	as long as short
SoDEX BTC-USD	−0.0004%	1h	85,893	+0.007%	$65.8M	$187.7M	40x	as long as short
Perpl BTC	0.0000%	43m	85,901.5	+0.017%	$467K	$13.5M	6.7x	as long as short
dYdX BTC-USD	+0.0003%	1h	85,889.3	+0.003%	$16.8M	$13.6M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,903.2	+0.019%	$36.9M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0009%	1h	85,828	−0.068%	$320K	$30.6M	52x	as long as short
Aster BTCUSDT	+0.0015%	8h	85,874.3	−0.014%	$511.2M	$846.4M	200x	as long as short

Show all 56 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_XBTUSD	+0.0030%	1h	85,905.9	+0.022%	$192.1M	$750.4M	100x	as long as short
BingX BTC-USDTshort	+0.0043%	8h	85,891.1	+0.005%	—	$1.30B	—
Popdex BTCUSDT	+0.0048%	1h	85,891	+0.005%	$8.6M	$45.5M	100x	as long as short
KuCoin XBTUSDTMlong	+0.0053%	8h	85,886.7	long leg	$941.8M	$636.0M	125x
Bybit BTCUSDT	+0.0058%	8h	85,893.2	+0.008%	$5.14B	$8.05B	150x	as long as short
Phemex BTCUSDT	+0.0062%	8h	85,894.8	+0.009%	$170.1M	$476.1M	150x	as long as short
HTX BTC-USDT	+0.0071%	8h	85,883.9	−0.003%	$2.27B	$786.7M	200x	as long as short
MEXC BTC_USDT	+0.0076%	8h	85,883	−0.004%	$5.16B	$4.91B	500x	as long as short
Gate BTC_USDT	+0.0077%	8h	85,896	+0.011%	$5.51B	$9.05B	200x	as long as short
Binance BTCUSDT	+0.0077%	8h	85,889.8	+0.004%	$9.41B	$20.28B	150x	as long as short
Aevo BTC-PERP	+0.0080%	1h	85,878.2	−0.010%	$2.4M	$6.8M	20x	as long as short
Bitget BTCUSDT	+0.0088%	8h	85,891.4	+0.006%	$3.00B	$3.89B	150x	as long as short
GRVT BTC_USDT_Perp	+0.0091%	8h	85,792.9	−0.109%	$215.6M	$132.8M	50x	as long as short
Lighter BTC	+0.0096%	1h	85,910.5	+0.028%	$172.7M	$876.4M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,912.7	+0.030%	$23.7M	$121.8M	50x	as long as short
Bullet BTC-USD	+0.0099%	1h	85,892.8	+0.007%	$211K	$3.2M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,867	−0.023%	$230K	$8.0M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	85,893.7	+0.008%	$23.3M	$190.7M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,915	+0.033%	$5.9M	$7.3M	50x	as long as short
Pacifica BTC	+0.0100%	1h	85,926.3	+0.046%	$40.0M	$571.4M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,901.3	+0.017%	$2.63B	$9.25B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,884	−0.003%	$3.9M	$14.7M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,890	+0.004%	$4.9M	$91.5M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,881.8	−0.006%	$38.0M	$194.9M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,877.2	−0.011%	$155.8M	$472.2M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,804.9	−0.095%	$289.4M	$738.2M	100x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,805	−0.095%	$137.8M	$288.4M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,834.8	−0.060%	$30.2M	$227.1M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,940	+0.062%	—	$10.2M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,890	+0.004%	$11.0M	$11.9M	50x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,887.7	+0.001%	$2.6M	$8.9M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,925.9	+0.046%	$143K	$607K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,867.5	−0.022%	$29.0M	$44.5M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,901.7	+0.018%	$3.3M	$6.7M	100x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,889.6	+0.003%	$714.2M	$91.8M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,858.4	−0.033%	$47.3M	$193.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,903.1	+0.019%	—	$79.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	85,938.6	+0.060%	$112.4M	$4.94B	50x	as long as short
Hyperliquid BTC	+0.0152%	1h	85,986	+0.116%	$3.94B	$4.18B	40x	as long as short
Kalshi KXBTCPERP	+0.0156%	8h	85,912	+0.030%	$12.0M	$736.1M	6.4x	as long as short
Reya BTCRUSDPERP	+0.0170%	1h	85,883.4	−0.004%	$6.6M	$128.4M	40x	as long as short
RISEx BTC/USDC	+0.0187%	1h	85,915.8	+0.034%	$9.0M	$35.8M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0211% / S −0.0251%	1h	85,906.8	+0.023%	$15.5M	—	200x	as long as short
Deribit BTC-PERPETUAL	+0.0245%	1h	85,945.2	+0.068%	$820.3M	$1.50B	50x	as long as short
Hibachi BTC/USDT-P	+0.0320%	1h	85,917.7	+0.036%	$693K	$6.7M	30x	as long as short
Aftermath Perps BTCUSD	+0.0356%	1h	85,868.6	−0.021%	$79K	$228K	20x	as long as short