Funding you earn now, next payment 00:00 UTC−0.0336%/8h= −36.8% APRnext payment −$1.68 per $10,000 · paid last 24h −0.017%
Price spread now: Binance against KuCoin−0.223%7-day average −0.245% · you buy dearer than you sell
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1161.163% of the position
Funding, last 7 days−0.395%−$40 on $10k
+Price spread, last 7 days+0.002%$0 · spread now −0.223%, 7d avg −0.245%
=The price spread pays, funding is against you. Binance is 0.022% dearer against KuCoin than usual: you sell high and buy low (spread −0.223% now, against its 7-day average of −0.245%): +$2 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 5 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin FFUSDTM | 0.1275 | 0.0100 | pay 0.0050% / 4h | 7m 09s | $8.7M | $5.6M | 20x |
| Short | Binance FFUSDT | 0.1273 | −0.0236 | pay 0.0118% / 4h | 7m 09s | $43.1M | $25.3M | 20x |
KuCoin FFUSDTM
Binance FFUSDTFunding 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
- −$70.64
- Price spread: −0.223% → −0.245%
- $2.21
- Slippage, 4 orders
- −$94.31
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$184.74
- Costs to cover
- 1.163%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Binance: live order book, 5 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 | 1.57 bp | 58.7 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.78 bp | 13.5 bp −$13 | 34.7 bp −$347 | doesn't fit | doesn't fit |
FF 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance FFUSDTshort | −0.0236% | 4h | 0.1273 | −0.223% | $43.1M | $25.3M | 20x | |
| MEXC FF_USDT | −0.0236% | 4h | 0.1273 | −0.196% | $10.1M | $1.9M | 50x | as long as short |
| BloFin FF-USDT | −0.0197% | 4h | 0.1273 | −0.188% | $2.3M | $313K | 20x | as long as short |
| Bybit FFUSDT | −0.0072% | 4h | 0.1274 | −0.149% | $14.3M | $6.9M | 20x | as long as short |
| Aster FFUSDT | +0.0100% | 4h | 0.1274 | −0.103% | $1.2M | $23K | 5x | as long as short |
| Gate FF_USDT | +0.0100% | 4h | 0.1275 | −0.078% | $26.8M | $2.1M | 50x | as long as short |
| KuCoin FFUSDTMlong | +0.0100% | 4h | 0.1275 | long leg | $8.7M | $5.6M | 20x | |
| Bitget FFUSDT | +0.0100% | 4h | 0.1274 | −0.149% | $18.5M | $1.7M | 5x | as long as short |
| BingX FF-USDT | +0.0100% | 4h | 0.1273 | −0.196% | — | $6.8M | — | as long as short |
| SunX FF-USDT | +0.0100% | 4h | 0.1272 | −0.298% | $2K | $1.7M | 20x | as long as short |
MEXC FF_USDT
BloFin FF-USDT
Bybit FFUSDT
Aster FFUSDT
Gate FF_USDT
Bitget FFUSDT
BingX FF-USDT
SunX FF-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter FF | +0.0368% | 1h | 0.1277 | +0.078% | $135K | $42K | 3x | as long as short |
Lighter FF