Funding you earn now, next payment 04:00 UTC+0.0267%/8h= +29.2% APRnext payment +$1.33 per $10,000 · paid last 24h −0.095%
Price spread now: Binance against KuCoin+0.291%7-day average +0.175% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,212as in the Price arb table
costs, in and out, $10k−$1,22412.238% of the position
Funding, last 7 days+0.422%+$42 on $10k
+Price spread, last 4 days (all we have)−0.189%−$19 · spread now +0.291%, 7d avg +0.175%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Binance is 0.117% dearer against KuCoin than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.175%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin INXUSDTM | 0.006363 | 0.0202 | pay 0.0101% / 4h | 29m 37s | $282K | $55K | 20x |
| Short | Binance INXUSDT | 0.006382 | 0.0469 | get 0.0234% / 4h | 29m 37s | $2.1M | $1.6M | 25x |
KuCoin INXUSDTM
Binance INXUSDTFunding 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
- $56.05
- Price spread: +0.291% → +0.175%
- $11.66
- Slippage, 4 orders
- −$1,201.78
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,156.08
- Costs to cover
- 12.238%
- Break-even
- 151.4 days
Slippage from KuCoin: live order book, 52 min ago; Binance: live order book, 5 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, 52 min ago | 20.55 bp | 761.9 bp −$762 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 3.95 bp | 40.2 bp −$40 | 213.7 bp −$2,137 | doesn't fit | doesn't fit |
INX 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International INX-PERP-INTX | −0.1576% | 1h | 0.006083 | −4.400% | $5K | $5K | 50x | as long as short |
| Bitget INXUSDT | +0.0100% | 4h | 0.006380 | +0.267% | $400K | $109K | 25x | as long as short |
| KuCoin INXUSDTMlong | +0.0202% | 4h | 0.006363 | long leg | $282K | $55K | 20x | |
| Gate INX_USDT | +0.0398% | 4h | 0.006350 | −0.204% | $1.6M | $71K | 25x | as long as short |
| Bybit INXUSDT | +0.0454% | 4h | 0.006386 | +0.361% | $820K | $395K | 13x | as long as short |
| MEXC INX_USDT | +0.0468% | 4h | 0.006380 | +0.267% | $918K | $214K | 50x | as long as short |
| Binance INXUSDTshort | +0.0469% | 4h | 0.006382 | +0.291% | $2.1M | $1.6M | 25x | |
| Extended INX-USD | +0.0472% | 1h | 0.006380 | +0.266% | $3K | $108K | 5x | as long as short |
| BingX INX-USDT | +0.0485% | 4h | 0.006382 | +0.299% | — | $6.5M | — | as long as short |
| Aster INXUSDT | +0.0927% | 4h | 0.006351 | −0.191% | $19K | $9K | 5x | as long as short |
Coinbase International INX-PERP-INTX
Bitget INXUSDT
Gate INX_USDT
Bybit INXUSDT
MEXC INX_USDT
Extended INX-USD
BingX INX-USDT
Aster INXUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit INX_USDC-PERPETUAL | +0.1323% | 1h | 0.006369 | +0.094% | $57K | $20K | 10x | as long as short |
Deribit INX_USDC-PERPETUAL