Funding you earn now, next payment 08:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.42 per $10,000 · paid last 24h −0.025%
Price spread now: Binance against KuCoin+0.111%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$800.802% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 7 days+0.033%+$3 · spread now +0.111%, 7d avg +0.051%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.060% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.051%. Mind the row above: over the last 7 days funding on this pair cost −0.069%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPUSDTM | 0.1251 | 0.0058 | pay 0.0058% / 8h | 42m 02s | $2.8M | $6.2M | 75x |
| Short | Binance OPUSDT | 0.1252 | 0.0100 | get 0.0100% / 8h | 42m 02s | $19.8M | $67.2M | 75x |
KuCoin OPUSDTM
Binance OPUSDTFunding 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
- $8.82
- Price spread: +0.111% → +0.051%
- $6
- Slippage, 4 orders
- −$58.17
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$65.34
- Costs to cover
- 0.802%
- Break-even
- 58.9 days
Slippage from KuCoin: live order book, 6 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, 6 min ago | 3.98 bp | 27.5 bp −$27 | 79.3 bp −$793 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.40 bp | 9.6 bp −$10 | 18.1 bp −$181 | 80.8 bp −$8,079 | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1660% | 1h | 0.1245 | −0.480% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0898% / S +0.0202% | 1h | 0.1253 | +0.126% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0054% | 8h | 0.1252 | +0.080% | $12K | $236K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1252 | +0.072% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1253 | +0.160% | $32K | $154K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1253 | +0.152% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0034% | 8h | 0.1253 | +0.184% | $222K | $47K | — | as long as short |
| KuCoin OPUSDTMlong | +0.0058% | 8h | 0.1251 | long leg | $2.8M | $6.2M | 75x | |
| Coinbase International OP-PERP-INTX | +0.0080% | 1h | 0.1251 | 0.000% | $24K | $65K | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1253 | +0.200% | $288K | $1.1M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Coinbase International OP-PERP-INTX
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1253 | +0.152% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1253 | +0.138% | $206K | $210K | 10x | as long as short |
| Binance OPUSDTshort | +0.0100% | 8h | 0.1252 | +0.111% | $19.8M | $67.2M | 75x | |
| Bybit OPUSDT | +0.0100% | 8h | 0.1252 | +0.056% | $18.3M | $26.1M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1252 | +0.096% | $6.0M | $29.4M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1252 | +0.104% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1253 | +0.120% | $22.3M | $7.8M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1252 | +0.080% | $5.7M | $6.9M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1252 | +0.112% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1252 | +0.096% | $115K | $219K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1256 | +0.408% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1250 | −0.065% | $305K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1250 | −0.080% | $43K | $698K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1253 | +0.128% | $209 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1252 | +0.056% | $166K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1252 | +0.041% | $101K | $600K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1253 | +0.141% | $3K | $1K | 3x | as long as short |
| Kraken Futures PF_OPUSD | +0.0164% | 1h | 0.1253 | +0.196% | $748K | $670K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1250 | −0.096% | $997K | $323K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0444% | 1h | 0.1252 | +0.070% | $696 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP