Settings8H · net · $10k
Funding arb · Price arb /

CP

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment $0.15 per $10,000 · paid last 24h −0.076%
Price spread now: BingX against KuCoin−0.071%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$444as in the Funding arb table
Net, price: spread back to 7d avg − costs−$416as in the Price arb table
costs, in and out, $10k−$4154.153% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.286%−$29 on $10k
Price spread, last 7 days−0.008%−$1 · spread now −0.071%, 7d avg −0.064%
Together, before fees−0.294%−$29 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.064%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CPUSDTM0.014060.0100pay 0.0050% / 4h12m 16s$206K$927K20x
ShortBingX CP-USDT0.014050.0070get 0.0035% / 4h12m 16s$1.0M

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

Funding earned
−$6.3
Price spread: −0.071% → −0.064%
−$0.7
Slippage, 4 orders
−$393.34
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$422.34
Costs to cover
4.153%
Break-even
never at this rate
Slippage from KuCoin: live order book, 12 min ago; BingX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 12 min ago7.09 bp161.8 bp −$162doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 8 min ago10.71 bp28.4 bp −$2893.9 bp −$939957.6 bp −$95.8Kdoesn't fit

CP on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CP-USDTshort+0.0070%4h0.01405−0.071%$1.0M
Gate CP_USDT+0.0100%4h0.01403−0.213%$587K$549K20xas long as short
KuCoin CPUSDTMlong+0.0100%4h0.01406long leg$206K$927K20x
Bitget CPUSDT+0.0100%4h0.01404−0.156%$803K$1.7M20xas long as short
MEXC CP_USDT+0.0124%4h0.01404−0.142%$1.5M$400K20xas long as short
OKX CP-USDT-SWAP+0.0125%4h0.01404−0.142%$3.9M$11.8M20xas long as short
BloFin CP-USDT+0.0158%4h0.01402−0.284%$429$43K20xas long as short
Bybit CPUSDT+0.1160%4h0.014060.000%$1.7M$3.2M20xas long as short