Funding you earn now, next payment 04:00 UTC−0.0354%/8h= −38.7% APRnext payment −$1.77 per $10,000 · paid last 24h +0.122%
Price spread now: Binance against KuCoin+0.369%7-day average +0.207% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,740as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,748as in the Price arb table
costs, in and out, $10k−$1,76417.639% of the position
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 4 days (all we have)−0.302%−$30 · spread now +0.369%, 7d avg +0.207%
=The price spread pays, funding is against you. Binance is 0.162% dearer against KuCoin than usual: you sell high and buy low (spread +0.369% now, against its 7-day average of +0.207%): +$16 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 37 hours. Mind the row above: over the last 7 days funding on this pair paid +0.238%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.238% in total (about 12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.77 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 HANAUSDTM | 0.01470 | 0.0804 | pay 0.0402% / 4h | 5m 55s | $607K | $811K | 10x |
| Short | Binance HANAUSDT | 0.01475 | 0.0450 | get 0.0225% / 4h | 5m 55s | $5.2M | $2.7M | 10x |
KuCoin HANAUSDTM
Binance HANAUSDTFunding 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
- −$74.24
- Price spread: +0.369% → +0.207%
- $16.18
- Slippage, 4 orders
- −$1,741.91
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,821.97
- Costs to cover
- 17.639%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 43 min ago; Binance: live order book, 2 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, 43 min ago | 6.90 bp | 734.9 bp −$735 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 6.78 bp | 67.4 bp −$67 | 375.1 bp −$3,751 | 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 | +0.0184% | 4h | 0.01474 | +0.256% | $13K | $9K | 5x | as long as short |
| Bybit HANAUSDT | +0.0189% | 4h | 0.01475 | +0.361% | $900K | $548K | 25x | as long as short |
| BloFin HANA-USDT | +0.0414% | 4h | 0.01476 | +0.408% | $336K | $5K | 10x | as long as short |
| BingX HANA-USDT | +0.0424% | 4h | 0.01475 | +0.340% | — | $6.5M | — | as long as short |
| Binance HANAUSDTshort | +0.0450% | 4h | 0.01475 | +0.369% | $5.2M | $2.7M | 10x | |
| MEXC HANA_USDT | +0.0452% | 4h | 0.01474 | +0.272% | $68K | $92K | 100x | as long as short |
| Gate HANA_USDT | +0.0468% | 8h | 0.01476 | +0.408% | $654K | $587K | 25x | as long as short |
| KuCoin HANAUSDTMlong | +0.0804% | 4h | 0.01470 | long leg | $607K | $811K | 10x |
Aster HANAUSDT
Bybit HANAUSDT
BloFin HANA-USDT
BingX HANA-USDT
MEXC HANA_USDT
Gate HANA_USDT