Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.025%
Price spread now: KuCoin against Deribit−0.091%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 7 days−0.135%−$13 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.091%, 7d avg −0.055%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.037% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.055%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit BNB_USDC-PERPETUAL | 786.69 | 0.0200 | pay 0.0025% / 1h | 36m 18s | $1.5M | $143K | 25x |
| Short | KuCoin BNBUSDTM | 785.97 | 0.0100 | get 0.0100% / 8h | 2h 36m | $27.5M | $10.2M | 75x |
Deribit BNB_USDC-PERPETUAL
KuCoin BNBUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Deribit. 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
- −$21
- Price spread: −0.091% → −0.055%
- −$3.66
- Slippage, 4 orders
- −$18.81
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$62.47
- Costs to cover
- 0.378%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 3 min ago; KuCoin: live order book, 8 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 Deribit live order book, 3 min ago | 3.50 bp | 11.0 bp −$11 | 13.6 bp −$136 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 0.44 bp | 9.4 bp −$9 | 16.5 bp −$165 | 44.2 bp −$4,421 | doesn't fit |
BNB on 46 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0192% / S +0.0356% | 1h | 786.17 | −0.066% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 786.80 | +0.014% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 786.68 | −0.001% | $848K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.20 | −0.062% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0029% | 8h | 786.81 | +0.015% | $6.1M | $19.0M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.339% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDT | +0.0041% | 8h | 786.41 | −0.035% | — | $22.1M | — | as long as short |
| Phemex BNBUSDT | +0.0045% | 8h | 786.79 | +0.013% | $68.9M | $50.6M | 50x | as long as short |
| MEXC BNB_USDT | +0.0051% | 8h | 787.20 | +0.065% | $79.8M | $11.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0052% | 8h | 786.79 | +0.013% | $489.9M | $808.8M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDT
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0069% | 1h | 786.25 | −0.055% | $2.5M | $1.2M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 786.23 | −0.058% | $576K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.63 | −0.007% | $2.7M | $3.8M | 20x | as long as short |
| dYdX BNB-USD | +0.0098% | 1h | 786.41 | −0.035% | $159K | $61K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.28 | −0.052% | $264K | $490K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.35 | −0.043% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 786.72 | +0.004% | $51.6M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.63 | −0.007% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.20 | −0.062% | $138.1M | $74.5M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.20 | −0.062% | $53.3M | $112.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.70 | +0.001% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.20 | −0.062% | $36.3M | $58.3M | 75x | as long as short |
| KuCoin BNBUSDTMshort | +0.0100% | 8h | 785.97 | −0.091% | $27.5M | $10.2M | 75x | |
| Bitget BNBUSDT | +0.0100% | 8h | 786.04 | −0.082% | $76.1M | $30.8M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 786.57 | −0.015% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 784.43 | −0.287% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 784.75 | −0.247% | $4.1M | $74.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 784.85 | −0.234% | $158K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.32 | −0.047% | $131K | $952K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.42 | −0.034% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 786.78 | +0.012% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.30 | −0.049% | $387K | $995K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.53 | −0.020% | $8.0M | $9.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 786.80 | +0.014% | $76K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 785.95 | −0.094% | $1.8M | $6.4M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.26 | −0.054% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 785.21 | −0.188% | $169K | $35K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0135% | 8h | 786.20 | −0.062% | $141K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0171% | 8h | 786.75 | +0.008% | $17.8M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUALlong | +0.0200% | 1h | 786.69 | long leg | $1.5M | $143K | 25x | |
| GRVT BNB_USDT_Perp | +0.0202% | 8h | 784.74 | −0.248% | $2.9M | $29.3M | 10x | as long as short |
| Bulk BNB-USD | +0.0256% | 1h | 786.23 | −0.058% | $637K | $10K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0288% | 1h | 787.17 | +0.061% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0323% | 1h | 786.01 | −0.086% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0432% | 1h | 786.85 | +0.020% | $1.1M | $909K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0480% | 1h | 786.12 | −0.073% | $67K | $39K | 12x | as long as short |
Kraken Futures PF_BNBUSD
Coinbase International BNB-PERP-INTX
Lighter BNB
dYdX BNB-USD
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Kalshi KXBNBPERP
BloFin BNB-USDT
GRVT BNB_USDT_Perp
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P