Funding you earn now, next payment 12:00 UTC−0.0255%/8h= −28.0% APRnext payment −$1.28 per $10,000 · paid last 24h −0.079%
Price spread now: KuCoin against Binance−0.371%7-day average −0.198% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,433as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,433as in the Price arb table
costs, in and out, $10k−$1,41514.153% of the position
Funding, last 7 days−0.178%−$18 on $10k
+Price spread, last 4 days (all we have)+0.304%+$30 · spread now −0.371%, 7d avg −0.198%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.174% cheaper against Binance than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.198%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.178% in total (about -9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.28 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 HANAUSDT | 0.01447 | 0.0355 | pay 0.0178% / 4h | 3h 44m | $5.1M | $2.6M | 10x |
| Short | KuCoin HANAUSDTM | 0.01442 | 0.0100 | get 0.0050% / 4h | 3h 44m | $595K | $746K | 10x |
Binance HANAUSDT
KuCoin HANAUSDTMFunding 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
- −$53.63
- Price spread: −0.371% → −0.198%
- −$17.37
- Slippage, 4 orders
- −$1,393.27
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,486.27
- Costs to cover
- 14.153%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; KuCoin: live order book, 30 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, 8 min ago | 6.88 bp | 50.1 bp −$50 | 490.2 bp −$4,902 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 30 min ago | 3.43 bp | 694.4 bp −$694 | doesn't fit | doesn't fit | doesn't fit |
HANA 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HANAUSDT | +0.0100% | 4h | 0.01449 | +0.111% | $13K | $7K | 5x | as long as short |
| Bybit HANAUSDT | +0.0100% | 4h | 0.01448 | +0.029% | $877K | $511K | 25x | as long as short |
| Gate HANA_USDT | +0.0100% | 8h | 0.01448 | +0.043% | $629K | $610K | 25x | as long as short |
| KuCoin HANAUSDTMshort | +0.0100% | 4h | 0.01442 | −0.371% | $595K | $746K | 10x | |
| Binance HANAUSDTlong | +0.0355% | 4h | 0.01447 | long leg | $5.1M | $2.6M | 10x | |
| MEXC HANA_USDT | +0.0364% | 4h | 0.01446 | −0.095% | $77K | $91K | 100x | as long as short |
| BloFin HANA-USDT | +0.0409% | 4h | 0.01452 | +0.319% | $332K | $5K | 10x | as long as short |
| BingX HANA-USDT | +0.0446% | 4h | 0.01448 | +0.043% | — | $6.5M | — | as long as short |
Aster HANAUSDT
Bybit HANAUSDT
Gate HANA_USDT
MEXC HANA_USDT
BloFin HANA-USDT
BingX HANA-USDT