Funding you earn now, next payment 04:00 UTC+0.0836%/8h= +91.5% APRnext payment +$4.18 per $10,000 · paid last 24h +0.068%
Price spread now: BingX against KuCoin+0.159%7-day average +0.116% · you sell dearer than you buy
Net, funding: paid 7d − costs−$281as in the Funding arb table
Net, price: spread back to 7d avg − costs−$259as in the Price arb table
costs, in and out, $10k−$2632.632% of the position
Funding, last 7 days−0.182%−$18 on $10k
+Price spread, last 7 days−0.147%−$15 · spread now +0.159%, 7d avg +0.116%
=Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and BingX is 0.043% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.116%. Mind the row above: over the last 7 days funding on this pair cost −0.182%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.182% in total (about -9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.18 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 | KuCoin BTWUSDTM | 0.8280 | 0.0100 | pay 0.0050% / 4h | 14m 51s | $7.4M | $4.9M | 10x |
| Short | BingX BTW-USDT | 0.8293 | 0.0936 | get 0.0468% / 4h | 14m 51s | — | $4.4M | — |
KuCoin BTWUSDTM
BingX BTW-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
- $175.56
- Price spread: +0.159% → +0.116%
- $4.29
- Slippage, 4 orders
- −$241.24
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$83.39
- Costs to cover
- 2.632%
- Break-even
- 10.3 days
Slippage from KuCoin: live order book, 3 min ago; BingX: live order book, 5 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, 3 min ago | 18.02 bp | 87.9 bp −$88 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 6.05 bp | 30.0 bp −$30 | 88.2 bp −$882 | 612.6 bp −$61.3K | doesn't fit |
BTW 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDT | +0.0100% | 4h | 0.8271 | −0.109% | $3.4M | $17.8M | 10x | as long as short |
| KuCoin BTWUSDTMlong | +0.0100% | 4h | 0.8280 | long leg | $7.4M | $4.9M | 10x | |
| HTX BTW-USDT | +0.0100% | 4h | 0.8300 | +0.244% | $212K | $784K | 10x | as long as short |
| Bybit BTWUSDT | +0.0236% | 4h | 0.8288 | +0.101% | $16.1M | $41.7M | 10x | as long as short |
| Bitget BTWUSDT | +0.0642% | 4h | 0.8294 | +0.173% | $26.1M | $15.1M | 5x | as long as short |
| Aster BTWUSDT | +0.0849% | 4h | 0.8291 | +0.139% | $2.3M | $3.2M | 5x | as long as short |
| BingX BTW-USDTshort | +0.0936% | 4h | 0.8293 | +0.159% | — | $4.4M | — | |
| edgeX BTWUSDC | +0.0991% | 4h | 0.8332 | +0.625% | $343K | $505K | 10x | as long as short |
| Extended BTW-USD | +0.0992% | 1h | 0.8290 | +0.120% | $36K | $15K | 5x | as long as short |
| Binance BTWUSDT | +0.0993% | 4h | 0.8295 | +0.184% | $115.6M | $180.9M | 10x | as long as short |
Gate BTW_USDT
HTX BTW-USDT
Bybit BTWUSDT
Bitget BTWUSDT
Aster BTWUSDT
edgeX BTWUSDC
Extended BTW-USD
Binance BTWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BTW_USDT | +0.0996% | 4h | 0.8296 | +0.196% | $9.5M | $6.4M | 20x | as long as short |
MEXC BTW_USDT