Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin+0.287%7-day average +0.272% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,036as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,036as in the Price arb table
costs, in and out, $10k−$1,03710.372% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 4 days (all we have)−0.260%−$26 · spread now +0.287%, 7d avg +0.272%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin DRIFTUSDTM | 0.01742 | 0.0100 | pay 0.0050% / 4h | 3h 40m | $689K | $128K | 20x |
| Short | Binance DRIFTUSDT | 0.01747 | 0.0100 | get 0.0050% / 4h | 3h 40m | $2.3M | $6.8M | 20x |
KuCoin DRIFTUSDTM
Binance DRIFTUSDTFunding 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
- $0
- Price spread: +0.287% → +0.272%
- $1.48
- Slippage, 4 orders
- −$1,015.22
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,035.74
- Costs to cover
- 10.372%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 13 min ago; Binance: 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 KuCoin live order book, 13 min ago | 17.19 bp | 618.6 bp −$619 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 2.86 bp | 33.9 bp −$34 | 232.2 bp −$2,322 | doesn't fit | doesn't fit |
DRIFT on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DRIFT/USDC PERP | +0.0033% | 1h | 0.01591 | −8.668% | — | $9K | 5.5x | as long as short |
| Binance DRIFTUSDTshort | +0.0100% | 4h | 0.01747 | +0.287% | $2.3M | $6.8M | 20x | |
| Bybit DRIFTUSDT | +0.0100% | 4h | 0.01744 | +0.121% | $2.4M | $2.9M | 20x | as long as short |
| Gate DRIFT_USDT | +0.0100% | 4h | 0.01744 | +0.115% | $128K | $238K | 10x | as long as short |
| MEXC DRIFT_USDT | +0.0100% | 4h | 0.01747 | +0.287% | $418K | $172K | 20x | as long as short |
| KuCoin DRIFTUSDTMlong | +0.0100% | 4h | 0.01742 | long leg | $689K | $128K | 20x | |
| Bitget DRIFTUSDT | +0.0100% | 4h | 0.01747 | +0.287% | $539K | $360K | 10x | as long as short |
| BingX DRIFT-USDT | +0.0100% | 4h | 0.01745 | +0.172% | — | $6.6M | — | as long as short |
| Variational Omni DRIFT | +0.0100% | 4h | 0.01745 | +0.157% | $23K | $6K | — | as long as short |
| BloFin DRIFT-USDT | +0.0146% | 4h | 0.01751 | +0.517% | $153K | $10K | 20x | as long as short |
Injective DRIFT/USDC PERP
Bybit DRIFTUSDT
Gate DRIFT_USDT
MEXC DRIFT_USDT
Bitget DRIFTUSDT
BingX DRIFT-USDT
Variational Omni DRIFT
BloFin DRIFT-USDT