Funding you earn now, next payment 12:00 UTC−0.3703%/8h= −405.4% APRnext payment −$18.51 per $10,000 · paid last 24h −0.198%
Price spread now: Phemex against KuCoin+0.009%7-day average −0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$240as in the Funding arb table
Net, price: spread back to 7d avg − costs−$211as in the Price arb table
costs, in and out, $10k−$2172.169% of the position
Funding, last 7 days−0.226%−$23 on $10k
+Price spread, last 4 days (all we have)+1.921%+$192 · spread now +0.009%, 7d avg −0.052%
=The price spread pays, funding is against you. Phemex is 0.060% dearer against KuCoin than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.052%): +$6 on $10k if it goes back. Holding the pair costs −$111 a day in funding at the current rate, which eats that in about 1 hour. At the pace of the last 7 days (−0.226% in total) that is about 45 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.226% in total (about -11.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$18.51 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 MARSCOINUSDTM | 0.1162 | 0.1328 | pay 0.0664% / 4h | 3h 42m | $1.6M | $2.6M | 20x |
| Short | Phemex MARSCOINUSDT | 0.1162 | −0.2375 | pay 0.1187% / 4h | 3h 42m | $1.7M | $2.5M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$777.54
- Price spread: +0.009% → −0.052%
- $6.04
- Slippage, 4 orders
- −$192.93
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$988.42
- Costs to cover
- 2.169%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Phemex: live order book, 6 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, 4 min ago | 7.41 bp | 54.2 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 4.80 bp | 52.2 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
MARSCOIN 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex MARSCOINUSDTshort | −0.2375% | 4h | 0.1162 | +0.009% | $1.7M | $2.5M | 20x | |
| SunX MARSCOIN-USDT | +0.0100% | 4h | 0.1164 | +0.181% | — | $831K | 10x | as long as short |
| HTX MARSCOIN-USDT | +0.0100% | 4h | 0.1167 | +0.379% | $91K | $745K | 20x | as long as short |
| Bybit MARSCOINUSDT | +0.0407% | 4h | 0.1160 | −0.163% | $8.3M | $14.5M | 20x | as long as short |
| MEXC MARSCOIN_USDT | +0.0438% | 4h | 0.1162 | −0.017% | $3.5M | $1.3M | 20x | as long as short |
| Binance MARSCOINUSDT | +0.0452% | 4h | 0.1162 | −0.027% | $26.9M | $64.3M | 20x | as long as short |
| Bitget MARSCOINUSDT | +0.0578% | 4h | 0.1162 | +0.017% | $2.7M | $7.4M | 20x | as long as short |
| Aster MARSCOINUSDT | +0.0665% | 4h | 0.1163 | +0.101% | $650K | $907K | 10x | as long as short |
| BloFin MARSCOIN-USDT | +0.0678% | 4h | 0.1163 | +0.069% | $1.3M | $482K | 20x | as long as short |
| BingX MARSCOIN-USDT | +0.0968% | 4h | 0.1161 | −0.103% | — | $1.2M | — | as long as short |
Show all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MARSCOINUSDTMlong | +0.1328% | 4h | 0.1162 | long leg | $1.6M | $2.6M | 20x | |
| Gate MARSCOIN_USDT | +0.1476% | 4h | 0.1160 | −0.163% | $2.1M | $2.2M | 20x | as long as short |
KuCoin MARSCOINUSDTM
Phemex MARSCOINUSDT
SunX MARSCOIN-USDT
HTX MARSCOIN-USDT
Bybit MARSCOINUSDT
MEXC MARSCOIN_USDT
Binance MARSCOINUSDT
Bitget MARSCOINUSDT
Aster MARSCOINUSDT
BloFin MARSCOIN-USDT
BingX MARSCOIN-USDT
Gate MARSCOIN_USDT