Funding you earn now, next payment 12:00 UTC+0.0407%/8h= +44.6% APRnext payment +$2.03 per $10,000 · paid last 24h +0.108%
Price spread now: Binance against KuCoin+0.213%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$306as in the Funding arb table
Net, price: spread back to 7d avg − costs−$314as in the Price arb table
costs, in and out, $10k−$3343.337% of the position
Funding, last 7 days+0.278%+$28 on $10k
+Price spread, last 7 days−0.182%−$18 · spread now +0.213%, 7d avg +0.013%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Binance is 0.200% dearer against KuCoin than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.013%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.278% in total (about 14.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.03 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 EDGEUSDTM | 0.5983 | 0.0208 | pay 0.0104% / 4h | 3h 22m | $2.1M | $2.2M | 50x |
| Short | Binance EDGEUSDT | 0.5996 | 0.0615 | get 0.0307% / 4h | 3h 22m | $10.4M | $11.1M | 50x |
KuCoin EDGEUSDTM
Binance EDGEUSDTFunding 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
- $85.45
- Price spread: +0.213% → +0.013%
- $20.05
- Slippage, 4 orders
- −$311.67
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$228.17
- Costs to cover
- 3.337%
- Break-even
- 25.7 days
Slippage from KuCoin: live order book, 4 min ago; Binance: 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 KuCoin live order book, 4 min ago | 5.04 bp | 146.2 bp −$146 | 1022.7 bp −$10.2K | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.84 bp | 31.3 bp −$31 | 150.9 bp −$1,509 | doesn't fit | doesn't fit |
EDGE on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDGE | +0.0096% | 1h | 0.5984 | +0.020% | $44K | $22K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5989 | +0.100% | $7.3M | $3.4M | 25x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5971 | −0.201% | $4.8M | $1.2M | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5993 | +0.169% | $59K | $121K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5942 | −0.680% | $188K | $145K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5961 | −0.369% | $8K | $3.3M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5969 | −0.234% | $9K | $296K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5948 | −0.585% | $3K | $649K | 10x | as long as short |
| KuCoin EDGEUSDTMlong | +0.0208% | 4h | 0.5983 | long leg | $2.1M | $2.2M | 50x | |
| Aster EDGEUSDT | +0.0420% | 4h | 0.5988 | +0.081% | $52K | $150K | 5x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
Aster EDGEUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX EDGEUSDC | +0.0517% | 4h | 0.5963 | −0.332% | $14.4M | $3.7M | 30x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0555% | 4h | 0.6001 | +0.301% | $3.8M | $6.2M | 20x | as long as short |
| MEXC EDGE_USDT | +0.0590% | 4h | 0.5996 | +0.217% | $1.1M | $720K | 50x | as long as short |
| Extended EDGE-USD | +0.0592% | 1h | 0.6001 | +0.308% | $27K | $270K | 5x | as long as short |
| Binance EDGEUSDTshort | +0.0615% | 4h | 0.5996 | +0.213% | $10.4M | $11.1M | 50x | |
| BloFin EDGE-USDT | +0.0648% | 4h | 0.5983 | 0.000% | $676K | $106K | 50x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0682% | 4h | 0.5990 | +0.117% | $2K | $1K | 10x | as long as short |
edgeX EDGEUSDC
OKX EDGE-USDT-SWAP
MEXC EDGE_USDT
Extended EDGE-USD
BloFin EDGE-USDT
Orderly PERP_EDGE_USDC