Funding you earn now, next payment 04:00 UTC+0.1043%/8h= +114.2% APRnext payment +$5.22 per $10,000 · paid last 24h +0.035%
Price spread now: KuCoin against Binance+0.036%7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,297as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,322as in the Price arb table
costs, in and out, $10k−$1,32913.293% of the position
Funding, last 7 days+0.325%+$33 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.036%, 7d avg −0.040%
=Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and KuCoin is 0.076% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.040%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.325% in total (about 16.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.22 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 | Binance BILLUSDT | 0.01380 | 0.0279 | pay 0.0139% / 4h | 25m 01s | $2.5M | $3.9M | 20x |
| Short | KuCoin BILLUSDTM | 0.01380 | 0.1322 | get 0.0661% / 4h | 25m 01s | $456K | $314K | 20x |
Binance BILLUSDT
KuCoin BILLUSDTMFunding 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
- $219.04
- Price spread: +0.036% → −0.040%
- $7.6
- Slippage, 4 orders
- −$1,307.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,102.61
- Costs to cover
- 13.293%
- Break-even
- 42.2 days
Slippage from Binance: live order book, 11 min ago; KuCoin: live order book, 58 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, 11 min ago | 7.33 bp | 31.0 bp −$31 | 203.5 bp −$2,035 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 58 min ago | 13.00 bp | 567.6 bp −$568 | doesn't fit | doesn't fit | doesn't fit |
BILL on 16 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 BILLUSDT | +0.0100% | 4h | 0.01378 | −0.145% | $1.3M | $997K | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01380 | 0.000% | $277K | $86K | 20x | as long as short |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01380 | 0.000% | $645K | $1.1M | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.0100% | 1h | 0.01378 | −0.145% | $21K | $951 | 5x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01382 | +0.145% | $2K | $1.1M | 20x | as long as short |
| HTX BILL-USDT | +0.0100% | 4h | 0.01382 | +0.145% | $11K | $39K | 20x | as long as short |
| BloFin BILL-USDT | +0.0118% | 4h | 0.01381 | +0.072% | $145K | $19K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0138% | 4h | 0.01381 | +0.072% | $1.1M | $2.8M | 20x | as long as short |
| Aster BILLUSDT | +0.0152% | 4h | 0.01379 | −0.041% | $2K | $4K | 5x | as long as short |
| Binance BILLUSDTlong | +0.0279% | 4h | 0.01380 | long leg | $2.5M | $3.9M | 20x |
Bybit BILLUSDT
Gate BILL_USDT
Bitget BILLUSDT
Backpack BILL_USDC_PERP
SunX BILL-USDT
HTX BILL-USDT
BloFin BILL-USDT
OKX BILL-USDT-SWAP
Aster BILLUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BILL-USD | +0.0280% | 1h | 0.01380 | −0.027% | $2K | $220K | 5x | as long as short |
| MEXC BILL_USDT | +0.0282% | 4h | 0.01379 | −0.072% | $1.1M | $341K | 50x | as long as short |
| BingX BILL-USDT | +0.0286% | 4h | 0.01378 | −0.145% | — | $1.7M | — | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0688% | 1h | 0.01378 | −0.116% | $66K | $72K | 50x | as long as short |
| KuCoin BILLUSDTMshort | +0.1322% | 4h | 0.01380 | +0.036% | $456K | $314K | 20x | |
| Deribit BILL_USDC-PERPETUAL | +0.1928% | 1h | 0.01380 | +0.007% | $108K | $14K | 10x | as long as short |
Extended BILL-USD
MEXC BILL_USDT
BingX BILL-USDT
Coinbase International BILL-PERP-INTX
Deribit BILL_USDC-PERPETUAL