Funding you earn now, next payment 04:00 UTC+0.0613%/8h= +67.1% APRnext payment +$3.06 per $10,000 · paid last 24h +0.150%
Price spread now: KuCoin against Binance−0.178%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$786as in the Funding arb table
Net, price: spread back to 7d avg − costs−$820as in the Price arb table
costs, in and out, $10k−$8088.082% of the position
Funding, last 7 days+0.226%+$23 on $10k
+Price spread, last 7 days+0.154%+$15 · spread now −0.178%, 7d avg −0.059%
=Funding pays, the price is against you. KuCoin is 0.119% cheaper against Binance than usual: you would sell low and buy high (spread −0.178% now, against its 7-day average of −0.059%). If the spread goes back, that is −$12 on $10k: about 16 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.226% in total) that is about 3.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.226% in total (about 11.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.06 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 | Binance FHEUSDT | 0.02244 | 0.0539 | pay 0.0270% / 4h | 1h 13m | $3.0M | $1.4M | 10x |
| Short | KuCoin FHEUSDTM | 0.02240 | 0.1152 | get 0.0576% / 4h | 1h 13m | $640K | $9.7M | 10x |
Binance FHEUSDT
KuCoin FHEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- $128.63
- Price spread: −0.178% → −0.059%
- −$11.88
- Slippage, 4 orders
- −$786.17
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$691.43
- Costs to cover
- 8.082%
- Break-even
- 44.6 days
Slippage from Binance: live order book, 7 min ago; KuCoin: 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 Binance live order book, 7 min ago | 4.45 bp | 41.8 bp −$42 | 486.9 bp −$4,869 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 2.23 bp | 55.2 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
FHE on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate FHE_USDT | +0.0100% | 8h | 0.02235 | −0.401% | $618K | $76K | 10x | as long as short |
| Bybit FHEUSDT | +0.0280% | 4h | 0.02237 | −0.312% | $1.6M | $477K | 13x | as long as short |
| Aster FHEUSDT | +0.0376% | 4h | 0.02239 | −0.239% | $16K | $2K | 5x | as long as short |
| Extended FHE-USD | +0.0536% | 1h | 0.02242 | −0.080% | $3K | $98K | 5x | as long as short |
| BingX FHE-USDT | +0.0536% | 4h | 0.02236 | −0.357% | — | $6.5M | — | as long as short |
| MEXC FHE_USDT | +0.0538% | 4h | 0.02243 | −0.045% | $847K | $301K | 50x | as long as short |
| Binance FHEUSDTlong | +0.0539% | 4h | 0.02244 | long leg | $3.0M | $1.4M | 10x | |
| KuCoin FHEUSDTMshort | +0.1152% | 4h | 0.02240 | −0.178% | $640K | $9.7M | 10x |
Gate FHE_USDT
Bybit FHEUSDT
Aster FHEUSDT
Extended FHE-USD
BingX FHE-USDT
MEXC FHE_USDT