Funding you earn now, next payment 00:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.385%
Price spread now: Binance against KuCoin+0.878%7-day average +0.208% · you sell dearer than you buy
Net, funding: paid 7d − costs−$504as in the Funding arb table
Net, price: spread back to 7d avg − costs−$234as in the Price arb table
costs, in and out, $10k−$3013.007% of the position
Funding, last 7 days−2.037%−$204 on $10k
+Price spread, last 7 days−1.385%−$138 · spread now +0.878%, 7d avg +0.208%
=The price spread pays, funding is against you. Binance is 0.670% dearer against KuCoin than usual: you sell high and buy low (spread +0.878% now, against its 7-day average of +0.208%): +$67 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4 months. At the pace of the last 7 days (−2.037% in total) that is about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MUSDTM | 1.4352 | 0.1250 | pay 0.0625% / 4h | 52m 43s | $1.4M | $4.4M | 10x |
| Short | Binance MUSDT | 1.4478 | 0.1233 | get 0.0617% / 4h | 52m 43s | $5.5M | $4.7M | 10x |
KuCoin MUSDTM
Binance MUSDTFunding 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
- −$3.53
- Price spread: +0.878% → +0.208%
- $67
- Slippage, 4 orders
- −$278.73
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$237.26
- Costs to cover
- 3.007%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 15 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, 5 min ago | 5.11 bp | 145.1 bp −$145 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.35 bp | 31.0 bp −$31 | 315.3 bp −$3,153 | 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 | 1.4467 | +0.801% | $4.6M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4449 | +0.676% | $1.9M | $908K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4480 | +0.892% | $1.9M | $359K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4417 | +0.450% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4472 | +0.836% | $2K | $596 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4477 | +0.871% | $2K | $589K | 20x | as long as short |
| Aster MUSDT | +0.0844% | 4h | 1.4489 | +0.952% | $14K | $114K | 5x | as long as short |
| BingX M-USDT | +0.1122% | 4h | 1.4465 | +0.787% | — | $2.4M | — | as long as short |
| BloFin M-USDT | +0.1231% | 4h | 1.4484 | +0.920% | $350K | $417K | 10x | as long as short |
| Binance MUSDTshort | +0.1233% | 4h | 1.4478 | +0.878% | $5.5M | $4.7M | 10x |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BingX M-USDT
BloFin M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC M_USDT | +0.1234% | 4h | 1.4473 | +0.843% | $246K | $110K | 50x | as long as short |
| KuCoin MUSDTMlong | +0.1250% | 4h | 1.4352 | long leg | $1.4M | $4.4M | 10x |
MEXC M_USDT