Funding you earn now, next payment 04:00 UTC−0.1067%/8h= −116.8% APRnext payment −$5.34 per $10,000 · paid last 24h −0.244%
Price spread now: KuCoin against Binance−0.254%7-day average −0.142% · you buy dearer than you sell
Net, funding: paid 7d − costs−$598as in the Funding arb table
Net, price: spread back to 7d avg − costs−$551as in the Price arb table
costs, in and out, $10k−$5405.399% of the position
Funding, last 7 days−0.579%−$58 on $10k
+Price spread, last 7 days+0.254%+$25 · spread now −0.254%, 7d avg −0.142%
=Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and KuCoin is 0.112% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.142%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.579% in total (about -30.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.34 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 BTRUSDT | 0.05056 | 0.1167 | pay 0.0584% / 4h | 2h 48m | $5.3M | $3.8M | 10x |
| Short | KuCoin BTRUSDTM | 0.05043 | 0.0100 | get 0.0050% / 4h | 2h 48m | $1.4M | $192K | 10x |
Binance BTRUSDT
KuCoin BTRUSDTMFunding 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
- −$224.09
- Price spread: −0.254% → −0.142%
- −$11.24
- Slippage, 4 orders
- −$517.92
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$775.24
- Costs to cover
- 5.399%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; KuCoin: live order book, 2 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, 4 min ago | 1.98 bp | 26.6 bp −$27 | 340.0 bp −$3,400 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 19.86 bp | 177.7 bp −$178 | doesn't fit | doesn't fit | doesn't fit |
BTR 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTRUSDT | +0.0100% | 4h | 0.05058 | +0.043% | $3.2M | $1.1M | 25x | as long as short |
| KuCoin BTRUSDTMshort | +0.0100% | 4h | 0.05043 | −0.254% | $1.4M | $192K | 10x | |
| HTX BTR-USDT | +0.0100% | 4h | 0.05064 | +0.161% | $11K | $310K | 10x | as long as short |
| Gate BTR_USDT | +0.0166% | 8h | 0.05044 | −0.234% | $731K | $239K | 20x | as long as short |
| BingX BTR-USDT | +0.1146% | 4h | 0.05049 | −0.135% | — | $6.5M | — | as long as short |
| MEXC BTR_USDT | +0.1166% | 4h | 0.05056 | +0.003% | $1.5M | $152K | 20x | as long as short |
| Binance BTRUSDTlong | +0.1167% | 4h | 0.05056 | long leg | $5.3M | $3.8M | 10x | |
| Aster BTRUSDT | +0.1172% | 4h | 0.05047 | −0.175% | $91K | $12K | 5x | as long as short |
Bybit BTRUSDT
HTX BTR-USDT
Gate BTR_USDT
BingX BTR-USDT
MEXC BTR_USDT
Aster BTRUSDT