Funding you earn now, next payment 00:00 UTC−0.0112%/8h= −12.2% APRnext payment −$0.56 per $10,000 · paid last 24h +0.385%
Price spread now: KuCoin against Binance−0.950%7-day average −0.208% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$373as in the Price arb table
costs, in and out, $10k−$2992.990% of the position
Funding, last 7 days+2.037%+$204 on $10k
+Price spread, last 7 days+1.457%+$146 · spread now −0.950%, 7d avg −0.208%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.742% cheaper against Binance than usual: you would sell low and buy high (−$74 if the spread goes back to its 7-day average of −0.208%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +2.037%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUSDT | 1.4501 | 0.1074 | pay 0.0537% / 4h | 1h 10m | $5.5M | $4.6M | 10x |
| Short | KuCoin MUSDTM | 1.4363 | 0.0962 | get 0.0481% / 4h | 1h 10m | $1.4M | $4.4M | 10x |
Binance MUSDT
KuCoin MUSDTMFunding 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
- −$23.43
- Price spread: −0.950% → −0.208%
- −$74.16
- Slippage, 4 orders
- −$276.99
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$396.59
- Costs to cover
- 2.990%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 2 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, 12 min ago | 0.69 bp | 35.3 bp −$35 | 409.8 bp −$4,098 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 5.77 bp | 72.3 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
M 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDT | +0.0100% | 4h | 1.4483 | −0.124% | $4.6M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4474 | −0.186% | $1.9M | $916K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4515 | +0.097% | $1.9M | $352K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4527 | +0.177% | $89K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4506 | +0.034% | $2K | $596 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4515 | +0.097% | $2K | $575K | 20x | as long as short |
| Aster MUSDT | +0.0707% | 4h | 1.4501 | −0.002% | $14K | $114K | 5x | as long as short |
| KuCoin MUSDTMshort | +0.0962% | 4h | 1.4363 | −0.950% | $1.4M | $4.4M | 10x | |
| BingX M-USDT | +0.0982% | 4h | 1.4482 | −0.131% | — | $2.4M | — | as long as short |
| MEXC M_USDT | +0.1060% | 4h | 1.4499 | −0.014% | $247K | $112K | 50x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BingX M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDTlong | +0.1074% | 4h | 1.4501 | long leg | $5.5M | $4.6M | 10x | |
| BloFin M-USDT | +0.1090% | 4h | 1.4529 | +0.193% | $349K | $413K | 10x | as long as short |
BloFin M-USDT