Funding you earn now, next payment 04:00 UTC−0.0794%/8h= −86.9% APRnext payment −$3.97 per $10,000 · paid last 24h −0.091%
Price spread now: Binance against KuCoin+0.118%7-day average +0.324% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,631as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,665as in the Price arb table
costs, in and out, $10k−$1,64416.444% of the position
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 4 days (all we have)+0.297%+$30 · spread now +0.118%, 7d avg +0.324%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Binance is 0.205% cheaper against KuCoin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.324%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.129%, 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 0.129% in total (about 6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.97 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 JCTUSDTM | 0.001655 | 0.1250 | pay 0.0625% / 4h | 1h 13m | $400K | $56K | 20x |
| Short | Binance JCTUSDT | 0.001657 | 0.0456 | get 0.0228% / 4h | 1h 13m | $5.1M | $2.1M | 20x |
KuCoin JCTUSDTM
Binance JCTUSDTFunding 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
- −$166.74
- Price spread: +0.118% → +0.324%
- −$20.54
- Slippage, 4 orders
- −$1,622.37
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,831.65
- Costs to cover
- 16.444%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 9 min ago; Binance: live order book, 9 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, 9 min ago | 11.14 bp | 785.8 bp −$786 | 26187.0 bp −$261.9K | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 3.01 bp | 64.4 bp −$64 | 385.7 bp −$3,857 | doesn't fit | doesn't fit |
JCT 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit JCTUSDT | +0.0100% | 4h | 0.001658 | +0.169% | $1.2M | $285K | 20x | as long as short |
| Bitget JCTUSDT | +0.0100% | 4h | 0.001656 | +0.060% | $2.2M | $150K | 10x | as long as short |
| Gate JCT_USDT | +0.0212% | 4h | 0.001657 | +0.121% | $317K | $69K | 20x | as long as short |
| Binance JCTUSDTshort | +0.0456% | 4h | 0.001657 | +0.118% | $5.1M | $2.1M | 20x | |
| MEXC JCT_USDT | +0.0468% | 4h | 0.001657 | +0.121% | $509K | $180K | 50x | as long as short |
| BingX JCT-USDT | +0.0484% | 4h | 0.001656 | +0.060% | — | $1.3M | — | as long as short |
| Aster JCTUSDT | +0.1016% | 4h | 0.001655 | +0.018% | $123K | $9K | 5x | as long as short |
| KuCoin JCTUSDTMlong | +0.1250% | 4h | 0.001655 | long leg | $400K | $56K | 20x |
Bybit JCTUSDT
Bitget JCTUSDT
Gate JCT_USDT
MEXC JCT_USDT
BingX JCT-USDT
Aster JCTUSDT