Funding you earn now, next payment 12:00 UTC−0.0566%/8h= −62.0% APRnext payment −$2.83 per $10,000 · paid last 24h −0.207%
Price spread now: Binance against KuCoin+0.051%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$796as in the Funding arb table
Net, price: spread back to 7d avg − costs−$729as in the Price arb table
costs, in and out, $10k−$7257.253% of the position
Funding, last 7 days−0.710%−$71 on $10k
+Price spread, last 7 days−0.008%−$1 · spread now +0.051%, 7d avg +0.087%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Binance is 0.036% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.087%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin APRUSDTM | 0.1431 | 0.0666 | pay 0.0333% / 4h | 51m 59s | $2.3M | $316K | 50x |
| Short | Binance APRUSDT | 0.1432 | 0.0100 | get 0.0050% / 4h | 51m 59s | $6.5M | $4.5M | 50x |
KuCoin APRUSDTM
Binance APRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$118.86
- Price spread: +0.051% → +0.087%
- −$3.62
- Slippage, 4 orders
- −$703.28
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$847.76
- Costs to cover
- 7.253%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Binance: live order book, 10 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, 3 min ago | 12.87 bp | 432.2 bp −$432 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 3.47 bp | 36.0 bp −$36 | 180.6 bp −$1,806 | doesn't fit | doesn't fit |
APR on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin APR-USDT | +0.0082% | 4h | 0.1439 | +0.552% | $284K | $124K | 50x | as long as short |
| Binance APRUSDTshort | +0.0100% | 4h | 0.1432 | +0.051% | $6.5M | $4.5M | 50x | |
| Bybit APRUSDT | +0.0100% | 4h | 0.1433 | +0.105% | $1.4M | $580K | 20x | as long as short |
| OKX APR-USDT-SWAP | +0.0100% | 4h | 0.1434 | +0.203% | $1.2M | $2.2M | 20x | as long as short |
| Gate APR_USDT | +0.0100% | 4h | 0.1432 | +0.077% | $679K | $197K | 25x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1433 | +0.133% | $365K | $148K | 50x | as long as short |
| Bitget APRUSDT | +0.0100% | 4h | 0.1432 | +0.070% | $3.8M | $1.0M | 50x | as long as short |
| BingX APR-USDT | +0.0100% | 4h | 0.1433 | +0.133% | — | $1.3M | — | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1435 | +0.280% | $1K | $1.1M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1437 | +0.412% | $16K | $41K | 20x | as long as short |
BloFin APR-USDT
Bybit APRUSDT
OKX APR-USDT-SWAP
Gate APR_USDT
MEXC APR_USDT
Bitget APRUSDT
BingX APR-USDT
SunX APR-USDT
HTX APR-USDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APRUSDT | +0.0412% | 4h | 0.1430 | −0.084% | $69K | $66K | 5x | as long as short |
| KuCoin APRUSDTMlong | +0.0666% | 4h | 0.1431 | long leg | $2.3M | $316K | 50x |
Aster APRUSDT