Funding you earn now, next payment 12:00 UTC+0.4756%/8h= +520.8% APRnext payment +$23.78 per $10,000 · paid last 24h +0.734%
Price spread now: BingX against KuCoin−0.199%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$320as in the Funding arb table
Net, price: spread back to 7d avg − costs−$483as in the Price arb table
costs, in and out, $10k−$4724.716% of the position
Funding, last 7 days+1.512%+$151 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now −0.199%, 7d avg −0.081%
=Funding pays, the price is against you. BingX is 0.118% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.199% now, against its 7-day average of −0.081%). If the spread goes back, that is −$12 on $10k: about 2 hours of funding at the current rate (+$143 a day). At the pace of the last 7 days (+1.512% in total) that is about 13 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.512% in total (about 78.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$23.78 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 SOONUSDTM | 0.1959 | 0.0100 | pay 0.0050% / 4h | 3h 40m | $1.8M | $3.6M | 50x |
| Short | BingX SOON-USDT | 0.1955 | 0.4856 | get 0.2428% / 4h | 3h 40m | — | $6.7M | — |
KuCoin SOONUSDTM
BingX SOON-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
- $998.76
- Price spread: −0.199% → −0.081%
- −$11.77
- Slippage, 4 orders
- −$449.55
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $515.44
- Costs to cover
- 4.716%
- Break-even
- 3.4 days
Slippage from KuCoin: live order book, 6 min ago; BingX: live order book, 11 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, 6 min ago | 3.82 bp | 234.6 bp −$235 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 7.66 bp | 20.2 bp −$20 | 75.9 bp −$759 | 798.9 bp −$79.9K | doesn't fit |
SOON 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SOONUSDTMlong | +0.0100% | 4h | 0.1959 | long leg | $1.8M | $3.6M | 50x | |
| Binance SOONUSDT | +0.0149% | 4h | 0.1957 | −0.097% | $8.0M | $2.0M | 50x | as long as short |
| Extended SOON-USD | +0.0152% | 1h | 0.1956 | −0.124% | $6K | $181K | 5x | as long as short |
| OKX SOON-USDT-SWAP | +0.0181% | 4h | 0.1957 | −0.097% | $2.0M | $515K | 20x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0661% | 1h | 0.1952 | −0.363% | $11K | $3K | 10x | as long as short |
| Aster SOONUSDT | +0.0678% | 4h | 0.1958 | −0.026% | $190K | $3K | 5x | as long as short |
| Gate SOON_USDT | +0.0802% | 4h | 0.1954 | −0.250% | $3.2M | $141K | 50x | as long as short |
| Bitget SOONUSDT | +0.0910% | 4h | 0.1957 | −0.097% | $9.2M | $317K | 25x | as long as short |
| Variational Omni SOON | +0.2344% | 4h | 0.1951 | −0.420% | $240K | $20K | — | as long as short |
| Bybit SOONUSDT | +0.4091% | 4h | 0.1946 | −0.659% | $2.5M | $1.3M | 25x | as long as short |
Binance SOONUSDT
Extended SOON-USD
OKX SOON-USDT-SWAP
Kraken Futures PF_SOONUSD
Aster SOONUSDT
Gate SOON_USDT
Bitget SOONUSDT
Variational Omni SOON
Bybit SOONUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SOON-USDTshort | +0.4856% | 4h | 0.1955 | −0.199% | — | $6.7M | — |