Funding you earn now, next payment 08:00 UTC−0.0270%/8h= −29.6% APRnext payment −$2.70 per $10,000 · paid last 24h −0.019%
Price spread now: KuCoin against BingX0.000%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$740.738% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 7 days+0.031%+$3 · spread now 0.000%, 7d avg +0.043%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.043% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.043%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.70 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 | BingX FET-USDT | 0.2024 | 0.0370 | pay 0.0370% / 8h | 5h 53m | — | $6.0M | — |
| Short | KuCoin FETUSDTM | 0.2024 | 0.0100 | get 0.0100% / 8h | 5h 53m | $10.6M | $18.9M | 50x |
BingX FET-USDT
KuCoin FETUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$56.7
- Price spread: 0.000% → +0.043%
- −$4.33
- Slippage, 4 orders
- −$51.79
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$134.82
- Costs to cover
- 0.738%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; KuCoin: 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 BingX live order book, 12 min ago | 4.90 bp | 9.9 bp −$10 | 14.6 bp −$146 | 63.6 bp −$6,361 | 374.7 bp −$187.4K |
| Sell KuCoin live order book, 5 min ago | 4.93 bp | 18.3 bp −$18 | 55.3 bp −$553 | doesn't fit | doesn't fit |
FET on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.4671% | 1h | 0.2022 | −0.099% | $29K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0872% | 1h | 0.2030 | +0.296% | $149K | $221K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2021 | −0.128% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.692% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2025 | +0.043% | $258K | $719K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2026 | +0.099% | $31.5M | $111.3M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2023 | −0.049% | $2.7M | $12.2M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2025 | +0.049% | $30.5M | $24.1M | 200x | as long as short |
| KuCoin FETUSDTMshort | +0.0100% | 8h | 0.2024 | 0.000% | $10.6M | $18.9M | 50x | |
| Variational Omni FET | +0.0100% | 8h | 0.2042 | +0.897% | $335K | $420K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
Variational Omni FETShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2022 | −0.099% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2024 | +0.022% | $35K | $252K | 10x | as long as short |
| Kraken Futures PF_FETUSD | +0.0115% | 1h | 0.2026 | +0.082% | $984K | $2.2M | 50x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2019 | −0.225% | $13K | — | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0226% | 4h | 0.2025 | +0.049% | $1.0M | $8.0M | 20x | as long as short |
| BingX FET-USDTlong | +0.0370% | 8h | 0.2024 | long leg | — | $6.0M | — | |
| Bitget FETUSDT | +0.0396% | 8h | 0.2025 | +0.049% | $16.4M | $11.7M | 75x | as long as short |
| Phoenix FET | +0.0474% | 1h | 0.2033 | +0.445% | $35K | $39K | 5x | as long as short |
| Hyperliquid FET | +0.0583% | 1h | 0.2027 | +0.128% | $8.9M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
Kraken Futures PF_FETUSD
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
Bitget FETUSDT
Phoenix FET
Hyperliquid FET