Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against BingX+0.012%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$726as in the Funding arb table
Net, price: spread back to 7d avg − costs−$727as in the Price arb table
costs, in and out, $10k−$7267.264% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.012%, 7d avg +0.016%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX INIT-USDT | 0.08137 | 0.0100 | pay 0.0050% / 4h | 1h 27m | — | $6.6M | — |
| Short | KuCoin INITUSDTM | 0.08138 | 0.0100 | get 0.0050% / 4h | 1h 27m | $324K | $55K | 25x |
BingX INIT-USDT
KuCoin INITUSDTMFunding 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
- $0
- Price spread: +0.012% → +0.016%
- −$0.4
- Slippage, 4 orders
- −$704.44
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$726.84
- Costs to cover
- 7.264%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; KuCoin: live order book, 43 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, 9 min ago | 6.75 bp | 32.0 bp −$32 | 85.3 bp −$853 | 536.7 bp −$53.7K | 814.6 bp −$407.3K |
| Sell KuCoin live order book, 43 min ago | 31.82 bp | 408.3 bp −$408 | doesn't fit | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid INIT | +0.0100% | 1h | 0.08136 | −0.014% | $295K | $233K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08142 | +0.061% | $27K | $36K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08140 | +0.035% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08132 | −0.061% | $1.4M | $1.4M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08148 | +0.135% | $132K | $631K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08138 | +0.012% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08140 | +0.037% | $442K | $216K | 20x | as long as short |
| KuCoin INITUSDTMshort | +0.0100% | 4h | 0.08138 | +0.012% | $324K | $55K | 25x | |
| Bitget INITUSDT | +0.0100% | 4h | 0.08137 | 0.000% | $425K | $310K | 25x | as long as short |
| BingX INIT-USDTlong | +0.0100% | 4h | 0.08137 | long leg | — | $6.6M | — |
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni INIT | +0.0100% | 4h | 0.08130 | −0.080% | $26K | $23K | — | as long as short |
| BloFin INIT-USDT | +0.0151% | 4h | 0.08151 | +0.172% | $153K | $109K | 25x | as long as short |
| Kraken Futures PF_INITUSD | +0.0386% | 1h | 0.08150 | +0.164% | $6K | $17K | 10x | as long as short |
Variational Omni INIT
BloFin INIT-USDT
Kraken Futures PF_INITUSD