Funding you earn now, next payment 08:00 UTC−0.0843%/8h= −92.3% APRnext payment −$4.22 per $10,000 · paid last 24h −0.072%
Price spread now: Binance against KuCoin−0.022%7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,350as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,318as in the Price arb table
costs, in and out, $10k−$1,31213.122% of the position
Funding, last 7 days−0.374%−$37 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.022%, 7d avg +0.038%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Binance is 0.060% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.038%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.374% in total (about -19.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.22 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 | KuCoin BILLUSDTM | 0.01386 | 0.1152 | pay 0.0576% / 4h | 3h 30m | $456K | $331K | 20x |
| Short | Binance BILLUSDT | 0.01386 | 0.0309 | get 0.0154% / 4h | 3h 30m | $2.5M | $3.9M | 20x |
KuCoin BILLUSDTM
Binance BILLUSDTFunding 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
- −$177.06
- Price spread: −0.022% → +0.038%
- −$5.99
- Slippage, 4 orders
- −$1,290.22
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,495.27
- Costs to cover
- 13.122%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 42 min ago; Binance: live order book, 6 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, 42 min ago | 10.47 bp | 634.2 bp −$634 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 3.61 bp | 35.4 bp −$35 | 151.9 bp −$1,519 | 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 | 0.01384 | −0.166% | $1.3M | $1.0M | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01384 | −0.166% | $279K | $89K | 20x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01388 | +0.123% | $1K | $1.2M | 20x | as long as short |
| HTX BILL-USDT | +0.0100% | 4h | 0.01382 | −0.310% | $11K | $39K | 20x | as long as short |
| BloFin BILL-USDT | +0.0106% | 4h | 0.01383 | −0.238% | $147K | $19K | 20x | as long as short |
| Aster BILLUSDT | +0.0146% | 4h | 0.01382 | −0.321% | $1K | $4K | 5x | as long as short |
| Bitget BILLUSDT | +0.0256% | 4h | 0.01384 | −0.166% | $654K | $1.2M | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.0289% | 1h | 0.01384 | −0.166% | $21K | $977 | 5x | as long as short |
| Binance BILLUSDTshort | +0.0309% | 4h | 0.01386 | −0.022% | $2.5M | $3.9M | 20x | |
| MEXC BILL_USDT | +0.0310% | 4h | 0.01386 | −0.022% | $1.0M | $360K | 50x | as long as short |
Bybit BILLUSDT
Gate BILL_USDT
SunX BILL-USDT
HTX BILL-USDT
BloFin BILL-USDT
Aster BILLUSDT
Bitget BILLUSDT
Backpack BILL_USDC_PERP
MEXC BILL_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BILL-USD | +0.0312% | 1h | 0.01387 | +0.021% | $3K | $227K | 5x | as long as short |
| BingX BILL-USDT | +0.0464% | 4h | 0.01387 | +0.050% | — | $1.7M | — | as long as short |
| OKX BILL-USDT-SWAP | +0.0509% | 4h | 0.01387 | +0.050% | $1.1M | $2.9M | 20x | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0760% | 1h | 0.01385 | −0.123% | $65K | $73K | 50x | as long as short |
| KuCoin BILLUSDTMlong | +0.1152% | 4h | 0.01386 | long leg | $456K | $331K | 20x | |
| Deribit BILL_USDC-PERPETUAL | +0.2353% | 1h | 0.01387 | +0.022% | $108K | $13K | 10x | as long as short |
Extended BILL-USD
BingX BILL-USDT
OKX BILL-USDT-SWAP
Coinbase International BILL-PERP-INTX
Deribit BILL_USDC-PERPETUAL