Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.06 per $10,000 · paid last 24h −0.040%
Price spread now: Binance against KuCoin−0.143%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$481as in the Funding arb table
Net, price: spread back to 7d avg − costs−$455as in the Price arb table
costs, in and out, $10k−$4354.346% of the position
Funding, last 7 days−0.463%−$46 on $10k
+Price spread, last 7 days+0.286%+$29 · spread now −0.143%, 7d avg +0.057%
=Funding pays, the price is against you. Binance is 0.200% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of +0.057%). If the spread goes back, that is −$20 on $10k: about 2 months of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.463%, 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 PTBUSDTM | 0.001051 | 0.0100 | pay 0.0050% / 4h | 3h 56m | $1.6M | $7.2M | 20x |
| Short | Binance PTBUSDT | 0.001050 | 0.0111 | get 0.0056% / 4h | 3h 56m | $7.5M | $133.7M | 20x |
KuCoin PTBUSDTM
Binance PTBUSDTFunding 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
- $2.33
- Price spread: −0.143% → +0.057%
- −$20.01
- Slippage, 4 orders
- −$412.64
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$452.32
- Costs to cover
- 4.346%
- Break-even
- 1365.3 days
Slippage from KuCoin: live order book, 2 min ago; Binance: live order book, 2 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, 2 min ago | 12.07 bp | 236.3 bp −$236 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.44 bp | 53.1 bp −$53 | 208.6 bp −$2,086 | doesn't fit | doesn't fit |
PTB on 10 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 PTBUSDT | +0.0100% | 4h | 0.001050 | −0.152% | $1.6M | $21.7M | 25x | as long as short |
| Gate PTB_USDT | +0.0100% | 4h | 0.001047 | −0.390% | $1.8M | $4.6M | 25x | as long as short |
| KuCoin PTBUSDTMlong | +0.0100% | 4h | 0.001051 | long leg | $1.6M | $7.2M | 20x | |
| Variational Omni PTB | +0.0100% | 4h | 0.001092 | +3.887% | $32K | $69K | — | as long as short |
| Binance PTBUSDTshort | +0.0111% | 4h | 0.001050 | −0.143% | $7.5M | $133.7M | 20x | |
| Extended kPTB-USD | +0.0112% | 1h | 0.001046 | −0.499% | $4K | $42K | 5x | as long as short |
| MEXC PTB_USDT | +0.0148% | 4h | 0.001050 | −0.124% | $336K | $806K | 20x | as long as short |
| BingX PTB-USDT | +0.0154% | 4h | 0.001046 | −0.457% | — | $2.2M | — | as long as short |
| BloFin PTB-USDT | +0.0172% | 4h | 0.001058 | +0.656% | $449K | $619K | 20x | as long as short |
| Aster PTBUSDT | +0.0414% | 4h | 0.001051 | −0.022% | $79K | $876K | 5x | as long as short |
Bybit PTBUSDT
Gate PTB_USDT
Variational Omni PTB
Extended kPTB-USD
MEXC PTB_USDT
BingX PTB-USDT
BloFin PTB-USDT
Aster PTBUSDT