Funding you earn now, next payment 08:00 UTC+0.1454%/8h= +159.2% APRnext payment +$14.54 per $10,000 · paid last 24h +0.034%
Price spread now: KuCoin against Binance−0.013%7-day average +0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$930.934% of the position
Funding, last 7 days+0.070%+$7 on $10k
+Price spread, last 7 days+0.194%+$19 · spread now −0.013%, 7d avg +0.087%
=Funding pays, the price is against you. KuCoin is 0.100% cheaper against Binance than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.087%). If the spread goes back, that is −$10 on $10k: about 5 hours of funding at the current rate (+$44 a day). At the pace of the last 7 days (+0.070% in total) that is about 9.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.070% in total (about 3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$14.54 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 1000LUNCUSDT | 0.00005535 | 0.0100 | pay 0.0100% / 8h | 7h 59m | $4.2M | $8.1M | 75x |
| Short | KuCoin LUNCUSDTM | 0.00005534 | 0.1554 | get 0.1554% / 8h | 7h 59m | $1.8M | $718K | 50x |
Binance 1000LUNCUSDT
KuCoin LUNCUSDTMFunding 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
- $305.34
- Price spread: −0.013% → +0.087%
- −$9.96
- Slippage, 4 orders
- −$71.43
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $201.95
- Costs to cover
- 0.934%
- Break-even
- 2.4 days
Slippage from Binance: live order book, 9 min ago; KuCoin: live order book, 7 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, 9 min ago | 0.90 bp | 14.7 bp −$15 | 47.2 bp −$472 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 10.86 bp | 38.7 bp −$39 | 96.8 bp −$968 | doesn't fit | doesn't fit |
LUNC 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC LUNC_USDT | −0.0678% | 8h | 0.00005533 | −0.031% | $17.0M | $1.3M | 200x | as long as short |
| Hyperliquid kLUNC | +0.0100% | 1h | 0.00005545 | +0.179% | $288K | $123K | 3x | as long as short |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005540 | +0.093% | $48K | $16K | 10x | as long as short |
| Binance 1000LUNCUSDTlong | +0.0100% | 8h | 0.00005535 | long leg | $4.2M | $8.1M | 75x | |
| Bybit 1000LUNCUSDT | +0.0100% | 8h | 0.00005541 | +0.114% | $2.0M | $744K | 25x | as long as short |
| Gate LUNC_USDT | +0.0100% | 8h | 0.00005547 | +0.222% | $395K | $264K | 75x | as long as short |
| Bitget LUNCUSDT | +0.0100% | 8h | 0.00005531 | −0.067% | $1.2M | $561K | 25x | as long as short |
| BingX LUNC-USDT | +0.0100% | 8h | 0.00005542 | +0.132% | — | $2.0M | — | as long as short |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005541 | +0.105% | $2K | — | 10x | as long as short |
| BloFin 1000LUNC-USDT | +0.0220% | 8h | 0.00005536 | +0.023% | $392K | $37K | 75x | as long as short |
MEXC LUNC_USDT
Hyperliquid kLUNC
Aster 1000LUNCUSDT
Bybit 1000LUNCUSDT
Gate LUNC_USDT
Bitget LUNCUSDT
BingX LUNC-USDT
Extended kLUNC-USD
BloFin 1000LUNC-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LUNCUSDTMshort | +0.1554% | 8h | 0.00005534 | −0.013% | $1.8M | $718K | 50x |