GOAT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0469%/8h= −51.4% APRnext payment −$2.35 per $10,000 · paid last 24h −0.069%

Price spread now: KuCoin against Binance−0.060%7-day average −0.127% · you buy dearer than you sell

Net, funding: paid 7d − costs−$503as in the Funding arb table

Net, price: spread back to 7d avg − costs−$491as in the Price arb table

costs, in and out, $10k−$4974.974% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−0.216%−$22 · spread now −0.060%, 7d avg −0.127%

Together, before fees−0.274%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.067% dearer against Binance than usual: you sell high and buy low (spread −0.060% now, against its 7-day average of −0.127%): +$7 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.058% in total) that is about 8.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.35 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 GOATUSDT	0.01885	0.0569	pay 0.0285% / 4h	3h 49m	$1.9M	$2.8M	25x
Short	KuCoin GOATUSDTM	0.01884	0.0100	get 0.0050% / 4h	3h 49m	$369K	$143K	30x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee KuCoinbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$98.52
Price spread: −0.060% → −0.127%: $6.66
Slippage, 4 orders: −$475.37
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$589.23
Costs to cover: 4.974%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; KuCoin: live order book, 23 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, 16 min ago	5.39 bp	50.6 bp −$51	610.2 bp −$6,102	doesn't fit	doesn't fit
Sell KuCoin live order book, 23 min ago	18.93 bp	247.2 bp −$247	doesn't fit	doesn't fit	doesn't fit

GOAT 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
Hyperliquid GOAT	+0.0100%	1h	0.01887	+0.083%	$1.2M	$477K	3x	as long as short
Bybit GOATUSDT	+0.0100%	4h	0.01881	−0.240%	$2.1M	$1.2M	25x	as long as short
KuCoin GOATUSDTMshort	+0.0100%	4h	0.01884	−0.060%	$369K	$143K	30x
Variational Omni GOAT	+0.0100%	4h	0.01879	−0.316%	$96K	$109K	—	as long as short
Binance GOATUSDTlong	+0.0569%	4h	0.01885	long leg	$1.9M	$2.8M	25x
MEXC GOAT_USDT	+0.0576%	4h	0.01884	−0.060%	$428K	$156K	200x	as long as short
BloFin GOAT-USDT	+0.0578%	4h	0.01884	−0.060%	$119K	$10K	25x	as long as short
Gate GOAT_USDT	+0.1182%	4h	0.01880	−0.272%	$281K	$180K	25x	as long as short
BingX GOAT-USDT	+0.1808%	4h	0.01885	−0.007%	—	$6.6M	—	as long as short
Orderly PERP_GOAT_USDC	+0.1934%	4h	0.01884	−0.060%	$3K	$2K	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_GOATUSD	+0.2893%	1h	0.01887	+0.075%	$30K	$4K	10x	as long as short