GWEI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0406%/8h= −44.5% APRnext payment −$2.03 per $10,000 · paid last 24h −0.091%

Price spread now: KuCoin against BingX+0.004%7-day average −0.143% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,257as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,233as in the Price arb table

costs, in and out, $10k−$1,24812.482% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.004%, 7d avg −0.143%

Together, before fees−0.216%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.147% dearer against BingX than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.143%): +$15 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.088% in total) that is about 12 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.088% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.03 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 GWEI-USDT	0.02348	0.0506	pay 0.0253% / 4h	1h 45m	—	$1.6M	—
Short	KuCoin GWEIUSDTM	0.02348	0.0100	get 0.0050% / 4h	1h 45m	$463K	$36K	20x

Funding 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 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 BingXbpFee KuCoinbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$85.26
Price spread: +0.004% → −0.143%: $14.74
Slippage, 4 orders: −$1,226.23
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,318.75
Costs to cover: 12.482%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; KuCoin: live order book, 73 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, 2 min ago	6.38 bp	30.1 bp −$30	98.7 bp −$987	828.4 bp −$82.8K	1228.2 bp −$614.1K
Sell KuCoin live order book, 73 min ago	31.63 bp	372.4 bp −$372	doesn't fit	doesn't fit	doesn't fit

GWEI 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 GWEI_USDT	+0.0100%	4h	0.02345	−0.149%	$397K	$576K	10x	as long as short
KuCoin GWEIUSDTMshort	+0.0100%	4h	0.02348	+0.004%	$463K	$36K	20x
Variational Omni GWEI	+0.0100%	4h	0.02349	+0.025%	$5K	$1K	—	as long as short
Bybit GWEIUSDT	+0.0101%	4h	0.02350	+0.085%	$391K	$273K	25x	as long as short
BloFin GWEI-USDT	+0.0159%	4h	0.02352	+0.170%	$165K	$41K	50x	as long as short
Binance GWEIUSDT	+0.0165%	4h	0.02350	+0.081%	$2.5M	$5.3M	50x	as long as short
Extended GWEI-USD	+0.0168%	1h	0.02348	+0.018%	$4K	$220K	5x	as long as short
MEXC GWEI_USDT	+0.0168%	4h	0.02349	+0.043%	$130K	$92K	20x	as long as short
BingX GWEI-USDTlong	+0.0506%	4h	0.02348	long leg	—	$1.6M	—
Bitget GWEIUSDT	+0.0510%	4h	0.02345	−0.128%	$1.9M	$474K	20x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GWEIUSDT	+0.0790%	4h	0.02344	−0.190%	$19K	$32K	10x	as long as short