Funding you earn now, next payment 00:00 UTC−0.1082%/8h= −118.5% APRnext payment −$5.41 per $10,000 · paid last 24h +0.034%
Price spread now: Binance against KuCoin+0.020%7-day average +0.176% · you sell dearer than you buy
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$204as in the Price arb table
costs, in and out, $10k−$1891.887% of the position
Funding, last 7 days+0.407%+$41 on $10k
+Price spread, last 4 days (all we have)+0.391%+$39 · spread now +0.020%, 7d avg +0.176%
=Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Binance is 0.156% cheaper against KuCoin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.176%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.407%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.407% in total (about 21.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.41 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 B2USDTM | 0.4879 | 0.1944 | pay 0.0972% / 4h | 1h 22m | $1.0M | $321K | 50x |
| Short | Binance B2USDT | 0.4880 | 0.0862 | get 0.0431% / 4h | 1h 22m | $7.8M | $13.0M | 50x |
KuCoin B2USDTM
Binance B2USDTFunding 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
- −$227.25
- Price spread: +0.020% → +0.176%
- −$15.58
- Slippage, 4 orders
- −$166.71
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$431.55
- Costs to cover
- 1.887%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Binance: live order book, 3 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, 2 min ago | 7.17 bp | 88.6 bp −$89 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.03 bp | 25.7 bp −$26 | 110.0 bp −$1,100 | doesn't fit | doesn't fit |
B2 on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC B2_USDT | +0.0858% | 4h | 0.4880 | +0.020% | $552K | $539K | 100x | as long as short |
| Binance B2USDTshort | +0.0862% | 4h | 0.4880 | +0.020% | $7.8M | $13.0M | 50x | |
| Aster B2USDT | +0.0957% | 4h | 0.4876 | −0.067% | $152K | $187K | 5x | as long as short |
| Bybit B2USDT | +0.0998% | 4h | 0.4877 | −0.041% | $1.5M | $2.7M | 20x | as long as short |
| BingX B2-USDT | +0.1356% | 4h | 0.4874 | −0.102% | — | $1.4M | — | as long as short |
| Bitget B2USDT | +0.1426% | 4h | 0.4867 | −0.246% | $2.7M | $1.4M | 50x | as long as short |
| Variational Omni B2 | +0.1940% | 4h | 0.4873 | −0.125% | $13K | $2K | — | as long as short |
| KuCoin B2USDTMlong | +0.1944% | 4h | 0.4879 | long leg | $1.0M | $321K | 50x | |
| Gate B2_USDT | +0.2768% | 4h | 0.4884 | +0.102% | $856K | $441K | 20x | as long as short |
MEXC B2_USDT
Aster B2USDT
Bybit B2USDT
BingX B2-USDT
Bitget B2USDT
Variational Omni B2
Gate B2_USDT