Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: Binance against KuCoin−0.151%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$696as in the Funding arb table
Net, price: spread back to 7d avg − costs−$687as in the Price arb table
costs, in and out, $10k−$6776.771% of the position
Funding, last 7 days−0.185%−$19 on $10k
+Price spread, last 4 days (all we have)+0.241%+$24 · spread now −0.151%, 7d avg −0.052%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.099% cheaper against KuCoin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.052%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin KSMUSDTM | 4.6470 | 0.0100 | pay 0.0100% / 8h | 38m 49s | $513K | $31K | 30x |
| Short | Binance KSMUSDT | 4.6400 | 0.0100 | get 0.0100% / 8h | 38m 49s | $2.0M | $2.7M | 50x |
KuCoin KSMUSDTM
Binance KSMUSDTFunding 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: −0.151% → −0.052%
- −$9.91
- Slippage, 4 orders
- −$655.06
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$686.97
- Costs to cover
- 6.771%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 65 min ago; Binance: live order book, 11 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, 65 min ago | 23.86 bp | 259.6 bp −$260 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 2.16 bp | 24.8 bp −$25 | 77.5 bp −$775 | doesn't fit | doesn't fit |
KSM 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_KSMUSD | −0.0391% | 1h | 4.6440 | −0.064% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0246% | 8h | 4.6426 | −0.095% | $457K | $37K | — | as long as short |
| OKX KSM-USDT-SWAP | +0.0058% | 4h | 4.6340 | −0.280% | $768K | $637K | 20x | as long as short |
| BloFin KSM-USDT | +0.0085% | 8h | 4.6430 | −0.086% | $110K | $18K | 50x | as long as short |
| Binance KSMUSDTshort | +0.0100% | 8h | 4.6400 | −0.151% | $2.0M | $2.7M | 50x | |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6360 | −0.237% | $2.2M | $708K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6470 | 0.000% | $85K | $31K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6390 | −0.172% | $731K | $246K | 20x | as long as short |
| KuCoin KSMUSDTMlong | +0.0100% | 8h | 4.6470 | long leg | $513K | $31K | 30x | |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6460 | −0.022% | $484K | $185K | 50x | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
OKX KSM-USDT-SWAP
BloFin KSM-USDT
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
Bitget KSMUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX KSM-USDT | +0.0100% | 8h | 4.6440 | −0.065% | — | $2.4M | — | as long as short |
| Extended KSM-USD | +0.0104% | 1h | 4.6387 | −0.178% | $79K | $463K | 5x | as long as short |
BingX KSM-USDT
Extended KSM-USD