ID

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0402%/8h= +44.0% APRnext payment +$2.01 per $10,000 · paid last 24h +0.030%

Price spread now: BingX against KuCoin−0.338%7-day average +0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$389as in the Funding arb table

Net, price: spread back to 7d avg − costs−$450as in the Price arb table

costs, in and out, $10k−$4064.065% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.172%+$17 on $10k

Price spread, last 7 days+0.457%+$46 · spread now −0.338%, 7d avg +0.097%

Together, before fees+0.630%+$63 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.435% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.338% now, against its 7-day average of +0.097%). If the spread goes back, that is −$44 on $10k: about 3.6 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.172% in total) that is about 18 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.172% in total (about 9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.01 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 IDUSDTM	0.03843	0.0100	pay 0.0050% / 4h	1h 00m	$1.1M	$72K	30x
Short	BingX ID-USDT	0.03830	0.0502	get 0.0251% / 4h	1h 00m	—	$2.3M	—

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

Position, each leg$Hold fordaysFee KuCoinbpFee BingXbpOrdersPrice spread, now −0.338%Rate

Funding earned: $84.42
Price spread: −0.338% → +0.097%: −$43.54
Slippage, 4 orders: −$384.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$365.62
Costs to cover: 4.065%
Break-even: 37.3 days

Slippage from KuCoin: live order book, 4 min ago; BingX: live order book, 3 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	7.81 bp	165.4 bp −$165	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	5.21 bp	22.7 bp −$23	49.9 bp −$499	327.2 bp −$32.7K	401.2 bp −$200.6K

ID 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
Kraken Futures PF_IDUSD	−0.0046%	1h	0.03831	−0.323%	$4K	$4K	10x	as long as short
BloFin ID-USDT	+0.0064%	4h	0.03828	−0.390%	$155K	$15K	50x	as long as short
Aster IDUSDT	+0.0100%	4h	0.03836	−0.183%	$9K	$2K	5x	as long as short
Binance IDUSDT	+0.0100%	4h	0.03837	−0.150%	$2.4M	$4.0M	50x	as long as short
Bybit IDUSDT	+0.0100%	8h	0.03837	−0.156%	$1.5M	$1.1M	25x	as long as short
Gate ID_USDT	+0.0100%	4h	0.03831	−0.312%	$261K	$226K	25x	as long as short
MEXC ID_USDT	+0.0100%	4h	0.03838	−0.130%	$380K	$216K	20x	as long as short
KuCoin IDUSDTMlong	+0.0100%	4h	0.03843	long leg	$1.1M	$72K	30x
Variational Omni ID	+0.0100%	8h	0.03832	−0.278%	$12K	$20K	—	as long as short
BingX ID-USDTshort	+0.0502%	4h	0.03830	−0.338%	—	$2.3M	—

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IDUSDT	+0.0518%	4h	0.03841	−0.052%	$995K	$787K	50x	as long as short