Funding you earn now, next payment 00:00 UTC−0.0310%/8h= −33.9% APRnext payment −$1.55 per $10,000 · paid last 24h +0.308%
Price spread now: BingX against KuCoin−0.364%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1061.063% of the position
Funding, last 6 days (all we have)+0.027%+$3 on $10k
+Price spread, last 6 days (all we have)+0.364%+$36 · spread now −0.364%, 7d avg −0.003%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BingX is 0.361% cheaper against KuCoin than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.027% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.55 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 CVCUSDTM | 0.02747 | 0.0100 | pay 0.0050% / 4h | 1h 06m | $1.4M | $397K | 30x |
| Short | BingX CVC-USDT | 0.02737 | −0.0210 | pay 0.0105% / 4h | 1h 06m | — | $2.4M | — |
KuCoin CVCUSDTM
BingX CVC-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
- −$65.1
- Price spread: −0.364% → −0.003%
- −$36.09
- Slippage, 4 orders
- −$84.33
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$207.52
- Costs to cover
- 1.063%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 4 min ago | 3.64 bp | 40.7 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 3.67 bp | 15.4 bp −$15 | 48.5 bp −$485 | 801.6 bp −$80.2K | 1310.2 bp −$655.1K |
CVC on 8 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 CVC_USDT | −0.0724% | 4h | 0.02742 | −0.182% | $211K | $312K | 25x | as long as short |
| BingX CVC-USDTshort | −0.0210% | 4h | 0.02737 | −0.364% | — | $2.4M | — | |
| Bitget CVCUSDT | −0.0204% | 4h | 0.02743 | −0.146% | $461K | $476K | 50x | as long as short |
| Binance CVCUSDT | −0.0040% | 4h | 0.02744 | −0.127% | $3.0M | $5.7M | 50x | as long as short |
| MEXC CVC_USDT | −0.0036% | 4h | 0.02743 | −0.146% | $654K | $125K | 20x | as long as short |
| Bybit CVCUSDT | +0.0100% | 1h | 0.02725 | −0.801% | $1.7M | $1.4M | 25x | as long as short |
| KuCoin CVCUSDTMlong | +0.0100% | 4h | 0.02747 | long leg | $1.4M | $397K | 30x | |
| Variational Omni CVC | +0.0100% | 1h | 0.02722 | −0.923% | $1K | $370 | — | as long as short |
Gate CVC_USDT
Bitget CVCUSDT
Binance CVCUSDT
MEXC CVC_USDT
Bybit CVCUSDT
Variational Omni CVC