Funding you earn now, next payment 00:00 UTC+0.0828%/8h= +90.7% APRnext payment +$4.14 per $10,000 · paid last 24h +0.081%
Price spread now: Binance against KuCoin+0.088%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1321.318% of the position
Funding, last 7 days−0.372%−$37 on $10k
+Price spread, last 7 days−0.311%−$31 · spread now +0.088%, 7d avg −0.028%
=Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Binance is 0.115% dearer against KuCoin than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.028%. Mind the row above: over the last 7 days funding on this pair cost −0.372%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.372% in total (about -19.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.14 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 CAPUSDTM | 0.04569 | −0.0728 | get 0.0364% / 4h | 6m 51s | $4.4M | $1.4M | 10x |
| Short | Binance CAPUSDT | 0.04573 | 0.0100 | get 0.0050% / 4h | 6m 51s | $9.0M | $8.8M | 10x |
KuCoin CAPUSDTM
Binance CAPUSDTFunding 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
- $173.88
- Price spread: +0.088% → −0.028%
- $11.54
- Slippage, 4 orders
- −$109.78
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $53.64
- Costs to cover
- 1.318%
- Break-even
- 4.8 days
Slippage from KuCoin: live order book, 1 min ago; Binance: live order book, 3 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, 1 min ago | 4.38 bp | 41.5 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.09 bp | 20.4 bp −$20 | 82.4 bp −$824 | doesn't fit | doesn't fit |
CAP on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAPUSDTMlong | −0.0728% | 4h | 0.04569 | long leg | $4.4M | $1.4M | 10x | |
| OKX CAP-USDT-SWAP | −0.0481% | 4h | 0.04573 | +0.088% | $2.2M | $7.3M | 10x | as long as short |
| Bybit CAPUSDT | −0.0467% | 4h | 0.04578 | +0.197% | $4.5M | $4.1M | 10x | as long as short |
| Variational Omni CAP | −0.0168% | 4h | 0.04572 | +0.063% | $8K | $8K | — | as long as short |
| gTrade (Gains Network) CAP/USD | L 0.0000% / S 0.0000% | 1h | 0.04583 | +0.316% | $497 | — | 150x | as long as short |
| Bitget CAPUSDT | +0.0020% | 4h | 0.04581 | +0.263% | $1.0M | $559K | 10x | as long as short |
| Lighter CAP | +0.0096% | 1h | 0.04574 | +0.101% | $19K | $2K | 3x | as long as short |
| Aster CAPUSDT | +0.0100% | 4h | 0.04580 | +0.236% | $27K | $71K | 5x | as long as short |
| Binance CAPUSDTshort | +0.0100% | 4h | 0.04573 | +0.088% | $9.0M | $8.8M | 10x | |
| Gate CAP_USDT | +0.0100% | 4h | 0.04578 | +0.197% | $336K | $1.2M | 20x | as long as short |
OKX CAP-USDT-SWAP
Bybit CAPUSDT
Variational Omni CAP
gTrade (Gains Network) CAP/USD
Bitget CAPUSDT
Lighter CAP
Aster CAPUSDT
Gate CAP_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CAP_USDT | +0.0100% | 4h | 0.04575 | +0.131% | $523K | $231K | 20x | as long as short |
| BingX CAP-USDT | +0.0100% | 4h | 0.04577 | +0.175% | — | $1.6M | — | as long as short |
| Orderly PERP_CAP_USDC_mythos | +0.0100% | 4h | 0.04573 | +0.098% | $5K | $582 | 10x | as long as short |
| BloFin CAP-USDT | +0.0109% | 4h | 0.04573 | +0.088% | $376K | $58K | 10x | as long as short |
MEXC CAP_USDT
BingX CAP-USDT
Orderly PERP_CAP_USDC_mythos
BloFin CAP-USDT