Funding you earn now, next payment 04:00 UTC−0.0617%/8h= −67.5% APRnext payment −$3.08 per $10,000 · paid last 24h −0.150%
Price spread now: Binance against KuCoin+0.047%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$831as in the Funding arb table
Net, price: spread back to 7d avg − costs−$809as 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−0.022%−$2 · spread now +0.047%, 7d avg +0.059%
=The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.
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 −$3.08 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 FHEUSDTM | 0.02241 | 0.1156 | pay 0.0578% / 4h | 1h 14m | $640K | $9.7M | 10x |
| Short | Binance FHEUSDT | 0.02242 | 0.0539 | get 0.0270% / 4h | 1h 14m | $3.0M | $1.4M | 10x |
KuCoin FHEUSDTM
Binance FHEUSDTFunding 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
- −$129.47
- Price spread: +0.047% → +0.059%
- −$1.26
- Slippage, 4 orders
- −$786.17
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$938.9
- Costs to cover
- 8.082%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Binance: live order book, 6 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 | 2.23 bp | 666.6 bp −$667 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 4.45 bp | 44.6 bp −$45 | 317.5 bp −$3,175 | 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 | 0.02238 | −0.134% | $619K | $76K | 10x | as long as short |
| Bybit FHEUSDT | +0.0265% | 4h | 0.02238 | −0.134% | $1.6M | $477K | 13x | as long as short |
| Aster FHEUSDT | +0.0385% | 4h | 0.02242 | +0.026% | $16K | $2K | 5x | as long as short |
| BingX FHE-USDT | +0.0536% | 4h | 0.02241 | 0.000% | — | $6.5M | — | as long as short |
| Binance FHEUSDTshort | +0.0539% | 4h | 0.02242 | +0.047% | $3.0M | $1.4M | 10x | |
| MEXC FHE_USDT | +0.0548% | 4h | 0.02241 | 0.000% | $846K | $301K | 50x | as long as short |
| Extended FHE-USD | +0.0552% | 1h | 0.02241 | −0.009% | $3K | $98K | 5x | as long as short |
| KuCoin FHEUSDTMlong | +0.1156% | 4h | 0.02241 | long leg | $640K | $9.7M | 10x |
Gate FHE_USDT
Bybit FHEUSDT
Aster FHEUSDT
BingX FHE-USDT
MEXC FHE_USDT
Extended FHE-USD