Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against KuCoin−0.027%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$508as in the Funding arb table
Net, price: spread back to 7d avg − costs−$527as in the Price arb table
costs, in and out, $10k−$5245.238% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.027%, 7d avg +0.001%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.028% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin AUCTIONUSDTM | 3.7160 | 0.0100 | pay 0.0050% / 4h | 3h 56m | $371K | $110K | 20x |
| Short | Binance AUCTIONUSDT | 3.7150 | 0.0100 | get 0.0050% / 4h | 3h 56m | $2.4M | $1.6M | 50x |
KuCoin AUCTIONUSDTM
Binance AUCTIONUSDTFunding 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
- $0
- Price spread: −0.027% → +0.001%
- −$2.83
- Slippage, 4 orders
- −$501.77
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$526.6
- Costs to cover
- 5.238%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 16 min ago; Binance: live order book, 9 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, 16 min ago | 8.07 bp | 194.7 bp −$195 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.35 bp | 22.2 bp −$22 | 108.6 bp −$1,086 | doesn't fit | doesn't fit |
AUCTION 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AUCTIONUSD | −0.0170% | 1h | 3.7174 | +0.037% | $8K | $272 | 10x | as long as short |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.7150 | −0.026% | $928 | $3K | 5x | as long as short |
| Binance AUCTIONUSDTshort | +0.0100% | 4h | 3.7150 | −0.027% | $2.4M | $1.6M | 50x | |
| Bybit AUCTIONUSDT | +0.0100% | 4h | 3.7170 | +0.027% | $593K | $269K | 25x | as long as short |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.7140 | −0.054% | $784K | $706K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.7180 | +0.054% | $106K | $68K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.7140 | −0.054% | $441K | $142K | 20x | as long as short |
| KuCoin AUCTIONUSDTMlong | +0.0100% | 4h | 3.7160 | long leg | $371K | $110K | 20x | |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.7150 | −0.027% | $374K | $153K | 25x | as long as short |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.7170 | +0.027% | — | $12.3M | — | as long as short |
Kraken Futures PF_AUCTIONUSD
Aster AUCTIONUSDT
Bybit AUCTIONUSDT
OKX AUCTION-USDT-SWAP
Gate AUCTION_USDT
MEXC AUCTION_USDT
Bitget AUCTIONUSDT
BingX AUCTION-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AUCTION | +0.0100% | 4h | 3.7168 | +0.023% | $172 | $38 | — | as long as short |
Variational Omni AUCTION