Funding you earn now, next payment 04:00 UTC+0.0352%/8h= +38.5% APRnext payment +$1.76 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin+0.197%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$226as in the Price arb table
costs, in and out, $10k−$2392.392% of the position
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.197%, 7d avg +0.062%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Binance is 0.135% dearer against KuCoin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.062%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.037% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.76 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 NOTUSDTM | 0.0005079 | −0.0252 | get 0.0126% / 4h | 1h 14m | $468K | $130K | 50x |
| Short | Binance NOTUSDT | 0.0005089 | 0.0100 | get 0.0050% / 4h | 1h 14m | $2.1M | $3.1M | 50x |
KuCoin NOTUSDTM
Binance NOTUSDTFunding 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
- $73.92
- Price spread: +0.197% → +0.062%
- $13.49
- Slippage, 4 orders
- −$217.2
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$151.8
- Costs to cover
- 2.392%
- Break-even
- 21.4 days
Slippage from KuCoin: live order book, 8 min ago; Binance: 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, 8 min ago | 14.77 bp | 91.4 bp −$91 | 565.8 bp −$5,658 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.97 bp | 24.5 bp −$25 | 144.0 bp −$1,440 | doesn't fit | doesn't fit |
NOT on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NOT | −0.0365% | 4h | 0.0005089 | +0.187% | $72K | $39K | — | as long as short |
| KuCoin NOTUSDTMlong | −0.0252% | 4h | 0.0005079 | long leg | $468K | $130K | 50x | |
| Injective NOT/USDC PERP | +0.0033% | 1h | 0.0004874 | −4.036% | $1K | $13K | 5.5x | as long as short |
| BloFin NOT-USDT | +0.0061% | 4h | 0.0005088 | +0.177% | $112K | $17K | 50x | as long as short |
| Bybit NOTUSDT | +0.0075% | 4h | 0.0005082 | +0.059% | $2.1M | $857K | 25x | as long as short |
| Lighter 1000NOT | +0.0096% | 1h | 0.0005100 | +0.417% | $11K | $4K | 3x | as long as short |
| Hyperliquid NOT | +0.0100% | 1h | 0.0005090 | +0.217% | $371K | $51K | 3x | as long as short |
| Aster NOTUSDT | +0.0100% | 4h | 0.0005089 | +0.201% | $14K | $9K | 5x | as long as short |
| Binance NOTUSDTshort | +0.0100% | 4h | 0.0005089 | +0.197% | $2.1M | $3.1M | 50x | |
| OKX NOT-USDT-SWAP | +0.0100% | 4h | 0.0005091 | +0.236% | $637K | $656K | 20x | as long as short |
Variational Omni NOT
Injective NOT/USDC PERP
BloFin NOT-USDT
Bybit NOTUSDT
Lighter 1000NOT
Hyperliquid NOT
Aster NOTUSDT
OKX NOT-USDT-SWAPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NOT_USDT | +0.0100% | 4h | 0.0005087 | +0.158% | $144K | $68K | 50x | as long as short |
| MEXC NOT_USDT | +0.0100% | 4h | 0.0005088 | +0.177% | $1.3M | $441K | 200x | as long as short |
| Bitget NOTUSDT | +0.0100% | 4h | 0.0005094 | +0.295% | $676K | $411K | 50x | as long as short |
| BingX NOT-USDT | +0.0100% | 4h | 0.0005092 | +0.256% | — | $8.8M | — | as long as short |
| Extended kNOT-USD | +0.0104% | 1h | 0.0005088 | +0.170% | $4K | $491 | 5x | as long as short |
| Kraken Futures PF_NOTUSD | +0.1931% | 1h | 0.0005124 | +0.886% | $50K | $9K | 10x | as long as short |
Gate NOT_USDT
MEXC NOT_USDT
Bitget NOTUSDT
BingX NOT-USDT
Extended kNOT-USD
Kraken Futures PF_NOTUSD