Funding you earn now, next payment 08:00 UTC−0.4401%/8h= −482.0% APRnext payment −$22.01 per $10,000 · paid last 24h −0.348%
Price spread now: Binance against KuCoin−0.175%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$278as in the Funding arb table
Net, price: spread back to 7d avg − costs−$264as in the Price arb table
costs, in and out, $10k−$2512.512% of the position
Funding, last 7 days−0.272%−$27 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.175%, 7d avg −0.046%
=Both sides work against this trade now: funding costs −$132 a day on $10k at the current rate, and Binance is 0.129% cheaper against KuCoin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.046%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.272% in total (about -14.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$22.01 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 KERNELUSDTM | 0.06274 | −2.0458 | get 1.0229% / 4h | 43m 21s | $540K | $682K | 30x |
| Short | Binance KERNELUSDT | 0.06263 | −2.4859 | pay 1.2430% / 4h | 43m 21s | $4.0M | $89.7M | 25x |
KuCoin KERNELUSDTM
Binance KERNELUSDTFunding 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
- −$924.29
- Price spread: −0.175% → −0.046%
- −$12.88
- Slippage, 4 orders
- −$229.15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,188.32
- Costs to cover
- 2.512%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Binance: live order book, 14 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, 1 min ago | 17.60 bp | 111.8 bp −$112 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.60 bp | 14.8 bp −$15 | 52.5 bp −$525 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni KERNEL | −2.8975% | 4h | 0.06330 | +0.889% | $13K | $79K | — | as long as short |
| Bybit KERNELUSDT | −2.8443% | 4h | 0.06338 | +1.020% | $2.5M | $17.4M | 20x | as long as short |
| BingX KERNEL-USDT | −2.6034% | 4h | 0.06276 | +0.032% | — | $7.5M | — | as long as short |
| Bitget KERNELUSDT | −2.5310% | 4h | 0.06257 | −0.271% | $1.1M | $9.9M | 25x | as long as short |
| MEXC KERNEL_USDT | −2.4896% | 4h | 0.06260 | −0.223% | $1.0M | $3.2M | 20x | as long as short |
| Binance KERNELUSDTshort | −2.4859% | 4h | 0.06263 | −0.175% | $4.0M | $89.7M | 25x | |
| Gate KERNEL_USDT | −2.2748% | 4h | 0.06266 | −0.128% | $381K | $2.5M | 50x | as long as short |
| KuCoin KERNELUSDTMlong | −2.0458% | 4h | 0.06274 | long leg | $540K | $682K | 30x |
Variational Omni KERNEL
Bybit KERNELUSDT
BingX KERNEL-USDT
Bitget KERNELUSDT
MEXC KERNEL_USDT
Gate KERNEL_USDT