Funding you earn now, next payment 04:00 UTC−0.0678%/8h= −74.2% APRnext payment −$3.39 per $10,000 · paid last 24h −0.113%
Price spread now: KuCoin against BingX−0.407%7-day average −0.206% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,310as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,284as in the Price arb table
costs, in and out, $10k−$1,26412.640% of the position
Funding, last 7 days−0.464%−$46 on $10k
+Price spread, last 7 days+0.235%+$23 · spread now −0.407%, 7d avg −0.206%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and KuCoin is 0.201% cheaper against BingX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.206%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.464% in total (about -24.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.39 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 US-USDT | 0.01647 | 0.0778 | pay 0.0389% / 4h | 3h 31m | — | $1.3M | — |
| Short | KuCoin USUSDTM | 0.01640 | 0.0100 | get 0.0050% / 4h | 3h 31m | $4.2M | $276K | 20x |
BingX US-USDT
KuCoin USUSDTMFunding 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
- −$142.38
- Price spread: −0.407% → −0.206%
- −$20.12
- Slippage, 4 orders
- −$1,241.97
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,426.47
- Costs to cover
- 12.640%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; KuCoin: live order book, 1 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, 10 min ago | 8.50 bp | 50.9 bp −$51 | 173.8 bp −$1,738 | 1191.1 bp −$119.1K | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 26.20 bp | 500.5 bp −$500 | doesn't fit | doesn't fit | doesn't fit |
US 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit USUSDT | +0.0100% | 4h | 0.01646 | −0.043% | $3.2M | $875K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01642 | −0.285% | $2.1M | $561K | 20x | as long as short |
| KuCoin USUSDTMshort | +0.0100% | 4h | 0.01640 | −0.407% | $4.2M | $276K | 20x | |
| Variational Omni US | +0.0100% | 4h | 0.01647 | +0.045% | $16K | $3K | — | as long as short |
| Bitget USUSDT | +0.0410% | 4h | 0.01647 | +0.043% | $4.3M | $250K | 10x | as long as short |
| Aster USUSDT | +0.0753% | 4h | 0.01644 | −0.176% | $12K | $55K | 5x | as long as short |
| BingX US-USDTlong | +0.0778% | 4h | 0.01647 | long leg | — | $1.3M | — | |
| MEXC US_USDT | +0.0800% | 4h | 0.01645 | −0.091% | $5.5M | $113K | 100x | as long as short |
| Binance USUSDT | +0.0804% | 4h | 0.01644 | −0.134% | $9.2M | $3.1M | 10x | as long as short |
| Extended US-USD | +0.0808% | 1h | 0.01644 | −0.137% | $2K | $139K | 5x | as long as short |
Bybit USUSDT
Gate US_USDT
Variational Omni US
Bitget USUSDT
Aster USUSDT
MEXC US_USDT
Binance USUSDT
Extended US-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin US-USDT | +0.0829% | 4h | 0.01645 | −0.085% | $480K | $49K | 10x | as long as short |
BloFin US-USDT