Funding you earn now, next payment 04:00 UTC+0.0341%/8h= +37.4% APRnext payment +$1.71 per $10,000 · paid last 24h +0.019%
Price spread now: KuCoin against Binance+0.106%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$970.970% of the position
Funding, last 7 days+0.202%+$20 on $10k
+Price spread, last 7 days−0.184%−$18 · spread now +0.106%, 7d avg −0.060%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and KuCoin is 0.167% dearer against Binance than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.060%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.202% in total (about 10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.71 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 | Binance PIEVERSEUSDT | 1.8062 | 0.0489 | pay 0.0244% / 4h | 1h 34m | $21.4M | $27.0M | 20x |
| Short | KuCoin PIEVERSEUSDTM | 1.8081 | 0.0830 | get 0.0415% / 4h | 1h 34m | $13.7M | $2.4M | 20x |
Binance PIEVERSEUSDT
KuCoin PIEVERSEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- $71.67
- Price spread: +0.106% → −0.060%
- $16.66
- Slippage, 4 orders
- −$75.04
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$8.71
- Costs to cover
- 0.970%
- Break-even
- 7.9 days
Slippage from Binance: live order book, 7 min ago; KuCoin: live order book, 5 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 Binance live order book, 7 min ago | 1.39 bp | 21.6 bp −$22 | 203.8 bp −$2,038 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 4.91 bp | 29.4 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
PIEVERSE on 14 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 PIEVERSEUSDT | +0.0100% | 4h | 1.8049 | −0.072% | $10.7M | $10.7M | 20x | as long as short |
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.8061 | −0.006% | $8.2M | $3.4M | 25x | as long as short |
| Bitget PIEVERSEUSDT | +0.0100% | 4h | 1.8078 | +0.090% | $3.9M | $2.2M | 10x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8088 | +0.144% | $48K | $10K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8063 | +0.006% | $2K | $673K | 20x | as long as short |
| OKX PIEVERSE-USDT-SWAP | +0.0400% | 4h | 1.8072 | +0.055% | $7.2M | $17.8M | 20x | as long as short |
| BloFin PIEVERSE-USDT | +0.0441% | 4h | 1.8140 | +0.432% | $1.1M | $2.3M | 40x | as long as short |
| BingX PIEVERSE-USDT | +0.0448% | 4h | 1.8064 | +0.011% | — | $7.1M | — | as long as short |
| edgeX PIEVERSEUSDC | +0.0487% | 4h | 1.8031 | −0.170% | $37K | $432K | 10x | as long as short |
| Extended PIEVERSE-USD | +0.0488% | 1h | 1.8059 | −0.016% | $43K | $245K | 5x | as long as short |
Bybit PIEVERSEUSDT
Gate PIEVERSE_USDT
Bitget PIEVERSEUSDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
OKX PIEVERSE-USDT-SWAP
BloFin PIEVERSE-USDT
BingX PIEVERSE-USDT
edgeX PIEVERSEUSDC
Extended PIEVERSE-USDShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PIEVERSE_USDT | +0.0488% | 4h | 1.8075 | +0.072% | $2.5M | $837K | 20x | as long as short |
| Binance PIEVERSEUSDTlong | +0.0489% | 4h | 1.8062 | long leg | $21.4M | $27.0M | 20x | |
| Aster PIEVERSEUSDT | +0.0662% | 4h | 1.8102 | +0.222% | $166K | $255K | 5x | as long as short |
| KuCoin PIEVERSEUSDTMshort | +0.0830% | 4h | 1.8081 | +0.106% | $13.7M | $2.4M | 20x |
MEXC PIEVERSE_USDT
Aster PIEVERSEUSDT