Funding you earn now, next payment 08:00 UTC−0.0177%/8h= −19.3% APRnext payment −$0.88 per $10,000 · paid last 24h +0.037%
Price spread now: Binance against KuCoin−0.029%7-day average +0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$859as in the Funding arb table
Net, price: spread back to 7d avg − costs−$928as in the Price arb table
costs, in and out, $10k−$9159.154% of the position
Funding, last 7 days+0.565%+$57 on $10k
+Price spread, last 7 days+0.179%+$18 · spread now −0.029%, 7d avg +0.096%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Binance is 0.125% cheaper against KuCoin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.096%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.565%, 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 | KuCoin OUSDTM | 0.5626 | 0.0310 | pay 0.0155% / 4h | 3h 59m | $1.3M | $665K | 20x |
| Short | Binance OUSDT | 0.5624 | 0.0133 | get 0.0067% / 4h | 3h 59m | $4.7M | $2.2M | 10x |
KuCoin OUSDTM
Binance OUSDTFunding 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
- −$37.1
- Price spread: −0.029% → +0.096%
- −$12.52
- Slippage, 4 orders
- −$893.35
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$964.97
- Costs to cover
- 9.154%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Binance: 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 KuCoin live order book, 5 min ago | 13.34 bp | 650.7 bp −$651 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 3.57 bp | 35.9 bp −$36 | 292.3 bp −$2,923 | doesn't fit | doesn't fit |
O 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OUSDT | +0.0100% | 4h | 0.5606 | −0.353% | $20K | $53K | 3x | as long as short |
| Gate O_USDT | +0.0100% | 4h | 0.5615 | −0.196% | $1.5M | $634K | 20x | as long as short |
| Bitget OUSDT | +0.0100% | 4h | 0.5626 | 0.000% | $1.6M | $396K | 10x | as long as short |
| Variational Omni O | +0.0100% | 4h | 0.5629 | +0.058% | $3K | $518 | — | as long as short |
| Binance OUSDTshort | +0.0133% | 4h | 0.5624 | −0.029% | $4.7M | $2.2M | 10x | |
| KuCoin OUSDTMlong | +0.0310% | 4h | 0.5626 | long leg | $1.3M | $665K | 20x | |
| BloFin O-USDT | +0.0449% | 4h | 0.5634 | +0.142% | $242K | $6K | 20x | as long as short |
| Bybit OUSDT | +0.0457% | 4h | 0.5623 | −0.053% | $704K | $1.0M | 20x | as long as short |
| BingX O-USDT | +0.0494% | 4h | 0.5625 | −0.018% | — | $1.7M | — | as long as short |
| MEXC O_USDT | +0.0546% | 4h | 0.5626 | 0.000% | $957K | $170K | 50x | as long as short |
Aster OUSDT
Gate O_USDT
Bitget OUSDT
Variational Omni O
BloFin O-USDT
Bybit OUSDT
BingX O-USDT
MEXC O_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX O-USDT-SWAP | +0.0552% | 4h | 0.5627 | +0.018% | $1.5M | $1.2M | 10x | as long as short |
OKX O-USDT-SWAP