Funding you earn now, next payment 08:00 UTC−0.0118%/8h= −12.9% APRnext payment −$0.59 per $10,000 · paid last 24h −0.014%
Price spread now: Binance against KuCoin−0.097%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$191as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$1951.954% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.097%, 7d avg −0.048%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.049% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.048%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BMTUSDTM | 0.02054 | 0.0218 | pay 0.0109% / 4h | 2h 37m | $618K | $84K | 20x |
| Short | Binance BMTUSDT | 0.02052 | 0.0100 | get 0.0050% / 4h | 2h 37m | $2.3M | $2.5M | 20x |
KuCoin BMTUSDTM
Binance BMTUSDTFunding 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
- −$24.78
- Price spread: −0.097% → −0.048%
- −$4.92
- Slippage, 4 orders
- −$173.36
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$225.06
- Costs to cover
- 1.954%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 21 min ago; Binance: live order book, 12 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, 21 min ago | 14.67 bp | 61.8 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 2.43 bp | 18.4 bp −$18 | 215.4 bp −$2,154 | 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 | 0.02051 | −0.136% | $43K | $12K | 5x | as long as short |
| Binance BMTUSDTshort | +0.0100% | 4h | 0.02052 | −0.097% | $2.3M | $2.5M | 20x | |
| Bybit BMTUSDT | +0.0100% | 4h | 0.02051 | −0.146% | $995K | $402K | 5x | as long as short |
| Gate BMT_USDT | +0.0100% | 4h | 0.02052 | −0.097% | $171K | $186K | 25x | as long as short |
| MEXC BMT_USDT | +0.0100% | 4h | 0.02050 | −0.195% | $194K | $135K | 100x | as long as short |
| BingX BMT-USDT | +0.0100% | 4h | 0.02050 | −0.195% | — | $2.3M | — | as long as short |
| Variational Omni BMT | +0.0100% | 4h | 0.02064 | +0.497% | $54K | $26K | — | as long as short |
| KuCoin BMTUSDTMlong | +0.0218% | 4h | 0.02054 | long leg | $618K | $84K | 20x |
Aster BMTUSDT
Bybit BMTUSDT
Gate BMT_USDT
MEXC BMT_USDT
BingX BMT-USDT
Variational Omni BMT