Funding you earn now, next payment 04:00 UTC+0.0450%/8h= +49.3% APRnext payment +$2.25 per $10,000 · paid last 24h +0.012%
Price spread now: KuCoin against Binance+0.067%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1741.736% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.067%, 7d avg +0.044%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and KuCoin is 0.023% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.044%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.25 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 BMTUSDT | 0.02024 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $2.3M | $2.3M | 20x |
| Short | KuCoin BMTUSDTM | 0.02025 | 0.0550 | get 0.0275% / 4h | 3h 39m | $623K | $73K | 20x |
Binance BMTUSDT
KuCoin BMTUSDTMFunding 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
- $94.5
- Price spread: +0.067% → +0.044%
- $2.29
- Slippage, 4 orders
- −$151.59
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$76.8
- Costs to cover
- 1.736%
- Break-even
- 12.7 days
Slippage from Binance: live order book, 10 min ago; KuCoin: live order book, 13 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, 10 min ago | 2.47 bp | 28.3 bp −$28 | 300.9 bp −$3,009 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 13 min ago | 7.41 bp | 74.1 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
BMT on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BMTUSDT | +0.0100% | 4h | 0.02023 | −0.025% | $44K | $10K | 5x | as long as short |
| Binance BMTUSDTlong | +0.0100% | 4h | 0.02024 | long leg | $2.3M | $2.3M | 20x | |
| Bybit BMTUSDT | +0.0100% | 4h | 0.02023 | −0.027% | $976K | $378K | 5x | as long as short |
| Gate BMT_USDT | +0.0100% | 4h | 0.02024 | +0.017% | $200K | $188K | 25x | as long as short |
| MEXC BMT_USDT | +0.0100% | 4h | 0.02023 | −0.032% | $214K | $138K | 100x | as long as short |
| BingX BMT-USDT | +0.0100% | 4h | 0.02024 | +0.017% | — | $2.3M | — | as long as short |
| Variational Omni BMT | +0.0100% | 4h | 0.02025 | +0.056% | $53K | $27K | — | as long as short |
| KuCoin BMTUSDTMshort | +0.0550% | 4h | 0.02025 | +0.067% | $623K | $73K | 20x |
Aster BMTUSDT
Bybit BMTUSDT
Gate BMT_USDT
MEXC BMT_USDT
BingX BMT-USDT
Variational Omni BMT