Funding you earn now, next payment 04:00 UTC−0.1012%/8h= −110.8% APRnext payment −$5.06 per $10,000 · paid last 24h +0.342%
Price spread now: KuCoin against Binance−0.051%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,254as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,290as in the Price arb table
costs, in and out, $10k−$1,28012.803% of the position
Funding, last 7 days+0.266%+$27 on $10k
+Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.051%, 7d avg +0.046%
=Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and KuCoin is 0.098% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.046%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.266%, 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 0.266% in total (about 13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.06 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 KERNELUSDT | 0.06562 | −0.9604 | get 0.4802% / 4h | 2h 10m | $3.8M | $43.2M | 25x |
| Short | KuCoin KERNELUSDTM | 0.06559 | −1.0616 | pay 0.5308% / 4h | 2h 10m | $265K | $422K | 30x |
Binance KERNELUSDT
KuCoin KERNELUSDTMFunding 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
- −$212.57
- Price spread: −0.051% → +0.046%
- −$9.79
- Slippage, 4 orders
- −$1,258.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,502.68
- Costs to cover
- 12.803%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; KuCoin: live order book, 18 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, 16 min ago | 3.86 bp | 22.3 bp −$22 | 105.4 bp −$1,054 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 18 min ago | 60.24 bp | 875.8 bp −$876 | doesn't fit | doesn't fit | doesn't fit |
KERNEL 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 KERNELUSDT | −2.0843% | 4h | 0.06574 | +0.177% | $1.9M | $9.9M | 20x | as long as short |
| BingX KERNEL-USDT | −1.8540% | 4h | 0.06574 | +0.177% | — | $7.0M | — | as long as short |
| Variational Omni KERNEL | −1.2984% | 4h | 0.06623 | +0.929% | $11K | $24K | — | as long as short |
| Gate KERNEL_USDT | −1.1208% | 4h | 0.06582 | +0.299% | $258K | $1.0M | 50x | as long as short |
| KuCoin KERNELUSDTMshort | −1.0616% | 4h | 0.06559 | −0.051% | $265K | $422K | 30x | |
| Binance KERNELUSDTlong | −0.9604% | 4h | 0.06562 | long leg | $3.8M | $43.2M | 25x | |
| MEXC KERNEL_USDT | −0.9602% | 4h | 0.06580 | +0.269% | $1.4M | $1.6M | 20x | as long as short |
| Bitget KERNELUSDT | −0.7668% | 4h | 0.06532 | −0.463% | $765K | $4.8M | 25x | as long as short |
Bybit KERNELUSDT
BingX KERNEL-USDT
Variational Omni KERNEL
Gate KERNEL_USDT
MEXC KERNEL_USDT
Bitget KERNELUSDT