Funding you earn now, next payment 12:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.74 per $10,000 · paid last 24h −0.032%
Price spread now: KuCoin against Binance−0.282%7-day average −0.165% · you buy dearer than you sell
Net, funding: paid 7d − costs−$603as in the Funding arb table
Net, price: spread back to 7d avg − costs−$604as in the Price arb table
costs, in and out, $10k−$5925.925% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 7 days+0.039%+$4 · spread now −0.282%, 7d avg −0.165%
=Funding pays, the price is against you. KuCoin is 0.117% cheaper against Binance than usual: you would sell low and buy high (spread −0.282% now, against its 7-day average of −0.165%). If the spread goes back, that is −$12 on $10k: about 2.6 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.105%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ALCHUSDT | 0.05142 | 0.0564 | pay 0.0282% / 4h | 3h 52m | $6.0M | $29.1M | 10x |
| Short | KuCoin ALCHUSDTM | 0.05127 | 0.0712 | get 0.0356% / 4h | 3h 52m | $1.2M | $328K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- $31.13
- Price spread: −0.282% → −0.165%
- −$11.71
- Slippage, 4 orders
- −$570.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$573.07
- Costs to cover
- 5.925%
- Break-even
- 135.8 days
Slippage from Binance: live order book, 4 min ago; KuCoin: live order book, 2 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 Binance live order book, 4 min ago | 2.92 bp | 41.8 bp −$42 | 360.3 bp −$3,603 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 19.50 bp | 157.2 bp −$157 | doesn't fit | doesn't fit | doesn't fit |
ALCH 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 ALCHUSDT | +0.0100% | 4h | 0.05132 | −0.185% | $2.9M | $6.6M | 20x | as long as short |
| Gate ALCH_USDT | +0.0100% | 4h | 0.05135 | −0.127% | $293K | $738K | 20x | as long as short |
| Bitget ALCHUSDT | +0.0100% | 4h | 0.05152 | +0.204% | $907K | $2.2M | 10x | as long as short |
| Variational Omni ALCH | +0.0100% | 4h | 0.05142 | +0.003% | $4K | $18K | — | as long as short |
| BloFin ALCH-USDT | +0.0542% | 4h | 0.05136 | −0.107% | $386K | $123K | 10x | as long as short |
| MEXC ALCH_USDT | +0.0562% | 4h | 0.05138 | −0.068% | $5.2M | $2.6M | 100x | as long as short |
| Binance ALCHUSDTlong | +0.0564% | 4h | 0.05142 | long leg | $6.0M | $29.1M | 10x | |
| BingX ALCH-USDT | +0.0588% | 4h | 0.05138 | −0.068% | — | $6.8M | — | as long as short |
| Aster ALCHUSDT | +0.0601% | 4h | 0.05134 | −0.141% | $12K | $135K | 5x | as long as short |
| KuCoin ALCHUSDTMshort | +0.0712% | 4h | 0.05127 | −0.282% | $1.2M | $328K | 10x |
Show all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALCHUSD | +0.1874% | 1h | 0.05131 | −0.208% | $12K | $36K | 10x | as long as short |
Binance ALCHUSDT
KuCoin ALCHUSDTM
Bybit ALCHUSDT
Gate ALCH_USDT
Bitget ALCHUSDT
Variational Omni ALCH
BloFin ALCH-USDT
MEXC ALCH_USDT
BingX ALCH-USDT
Aster ALCHUSDT
Kraken Futures PF_ALCHUSD