Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin+0.128%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$914as in the Funding arb table
Net, price: spread back to 7d avg − costs−$906as in the Price arb table
costs, in and out, $10k−$9149.138% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.128%, 7d avg +0.053%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.075% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin INITUSDTM | 0.08303 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $331K | $54K | 25x |
| Short | Binance INITUSDT | 0.08314 | 0.0100 | get 0.0050% / 4h | 2h 32m | $3.4M | $3.7M | 25x |
KuCoin INITUSDTM
Binance INITUSDTFunding 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
- $0
- Price spread: +0.128% → +0.053%
- $7.5
- Slippage, 4 orders
- −$891.75
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$906.25
- Costs to cover
- 9.138%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Binance: live order book, 4 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 | 22.25 bp | 594.9 bp −$595 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 3.00 bp | 32.8 bp −$33 | 98.1 bp −$981 | doesn't fit | doesn't fit |
INIT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | +0.0034% | 1h | 0.08312 | +0.112% | $5K | $17K | 10x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08317 | +0.169% | $302K | $232K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08298 | −0.056% | $27K | $37K | 5x | as long as short |
| Binance INITUSDTshort | +0.0100% | 4h | 0.08314 | +0.128% | $3.4M | $3.7M | 25x | |
| Bybit INITUSDT | +0.0100% | 4h | 0.08293 | −0.120% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08299 | −0.048% | $137K | $654K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08306 | +0.036% | $84K | $55K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08309 | +0.072% | $451K | $212K | 20x | as long as short |
| KuCoin INITUSDTMlong | +0.0100% | 4h | 0.08303 | long leg | $331K | $54K | 25x | |
| Bitget INITUSDT | +0.0100% | 4h | 0.08306 | +0.036% | $432K | $303K | 25x | as long as short |
Kraken Futures PF_INITUSD
Hyperliquid INIT
Aster INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
Bitget INITUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08308 | +0.060% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08320 | +0.207% | $26K | $23K | — | as long as short |
BingX INIT-USDT
Variational Omni INIT