Funding you earn now, next payment 04:00 UTC−0.0544%/8h= −59.6% APRnext payment −$2.72 per $10,000 · paid last 24h −0.126%
Price spread now: Binance against KuCoin+0.287%7-day average −0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs−$393as in the Funding arb table
Net, price: spread back to 7d avg − costs−$334as in the Price arb table
costs, in and out, $10k−$3763.757% of the position
Funding, last 7 days−0.176%−$18 on $10k
+Price spread, last 4 days (all we have)−0.434%−$43 · spread now +0.287%, 7d avg −0.132%
=The price spread pays, funding is against you. Binance is 0.419% dearer against KuCoin than usual: you sell high and buy low (spread +0.287% now, against its 7-day average of −0.132%): +$42 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.176% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.176% in total (about -9.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.72 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 EULUSDTM | 1.4286 | 0.0644 | pay 0.0322% / 4h | 2h 27m | $308K | $55K | 25x |
| Short | Binance EULUSDT | 1.4327 | 0.0100 | get 0.0050% / 4h | 2h 27m | $3.2M | $4.9M | 25x |
KuCoin EULUSDTM
Binance EULUSDTFunding 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
- −$114.24
- Price spread: +0.287% → −0.132%
- $41.86
- Slippage, 4 orders
- −$353.69
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$448.07
- Costs to cover
- 3.757%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 9 min ago; Binance: live order book, 10 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, 9 min ago | 8.07 bp | 185.8 bp −$186 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.06 bp | 26.7 bp −$27 | 145.0 bp −$1,450 | doesn't fit | doesn't fit |
EUL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster EULUSDT | +0.0100% | 4h | 1.4288 | +0.015% | $36K | $8K | 5x | as long as short |
| Binance EULUSDTshort | +0.0100% | 4h | 1.4327 | +0.287% | $3.2M | $4.9M | 25x | |
| Bybit EULUSDT | +0.0100% | 4h | 1.4334 | +0.336% | $1.6M | $1.4M | 25x | as long as short |
| Gate EUL_USDT | +0.0100% | 4h | 1.4313 | +0.189% | $314K | $709K | 25x | as long as short |
| MEXC EUL_USDT | +0.0100% | 4h | 1.4314 | +0.196% | $501K | $123K | 20x | as long as short |
| Bitget EULUSDT | +0.0100% | 4h | 1.4350 | +0.448% | $2.2M | $293K | 25x | as long as short |
| BingX EUL-USDT | +0.0100% | 4h | 1.4326 | +0.280% | — | $6.5M | — | as long as short |
| Variational Omni EUL | +0.0100% | 4h | 1.4274 | −0.082% | $12K | $1K | — | as long as short |
| HTX EUL-USDT | +0.0100% | 4h | 1.4314 | +0.196% | $130K | $44K | 10x | as long as short |
| edgeX EULUSDC | +0.0109% | 4h | 1.4261 | −0.177% | $17K | $270K | 10x | as long as short |
Aster EULUSDT
Bybit EULUSDT
Gate EUL_USDT
MEXC EUL_USDT
Bitget EULUSDT
BingX EUL-USDT
Variational Omni EUL
HTX EUL-USDT
edgeX EULUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin EULUSDTMlong | +0.0644% | 4h | 1.4286 | long leg | $308K | $55K | 25x |