Funding you earn now, next payment 08:00 UTC+0.1473%/8h= +161.3% APRnext payment +$7.37 per $10,000 · paid last 24h +0.129%
Price spread now: KuCoin against Binance−0.110%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$783as in the Funding arb table
Net, price: spread back to 7d avg − costs−$823as in the Price arb table
costs, in and out, $10k−$8178.167% of the position
Funding, last 7 days+0.337%+$34 on $10k
+Price spread, last 4 days (all we have)+0.207%+$21 · spread now −0.110%, 7d avg −0.051%
=Funding pays, the price is against you. KuCoin is 0.059% cheaper against Binance than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of −0.051%). If the spread goes back, that is −$6 on $10k: about 3 hours of funding at the current rate (+$44 a day). At the pace of the last 7 days (+0.337% in total) that is about 29 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.337% in total (about 17.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.37 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 RECALLUSDT | 0.04559 | 0.0881 | pay 0.0440% / 4h | 2h 36m | $1.4M | $867K | 40x |
| Short | KuCoin RECALLUSDTM | 0.04554 | 0.2354 | get 0.1177% / 4h | 2h 36m | $584K | $818K | 40x |
Binance RECALLUSDT
KuCoin RECALLUSDTMFunding 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
- $309.42
- Price spread: −0.110% → −0.051%
- −$5.9
- Slippage, 4 orders
- −$794.71
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$513.19
- Costs to cover
- 8.167%
- Break-even
- 18.6 days
Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 48 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, 12 min ago | 4.37 bp | 37.5 bp −$38 | 332.7 bp −$3,327 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 48 min ago | 9.90 bp | 303.9 bp −$304 | doesn't fit | doesn't fit | doesn't fit |
RECALL 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit RECALLUSDT | +0.0100% | 4h | 0.04542 | −0.373% | $753K | $237K | 25x | as long as short |
| Gate RECALL_USDT | +0.0100% | 4h | 0.04550 | −0.197% | $62K | $15K | 25x | as long as short |
| Bitget RECALLUSDT | +0.0100% | 4h | 0.04549 | −0.219% | $711K | $108K | 25x | as long as short |
| Variational Omni RECALL | +0.0100% | 4h | 0.04545 | −0.312% | $6K | $667 | — | as long as short |
| OKX RECALL-USDT-SWAP | +0.0400% | 4h | 0.04557 | −0.044% | $130K | $216K | 10x | as long as short |
| Extended RECALL-USD | +0.0880% | 1h | 0.04558 | −0.020% | $2K | $163K | 5x | as long as short |
| Binance RECALLUSDTlong | +0.0881% | 4h | 0.04559 | long leg | $1.4M | $867K | 40x | |
| MEXC RECALL_USDT | +0.0894% | 4h | 0.04558 | −0.022% | $498K | $142K | 50x | as long as short |
| BingX RECALL-USDT | +0.0908% | 4h | 0.04551 | −0.175% | — | $6.5M | — | as long as short |
| Aster RECALLUSDT | +0.1791% | 4h | 0.04553 | −0.130% | $19K | $16K | 5x | as long as short |
Bybit RECALLUSDT
Gate RECALL_USDT
Bitget RECALLUSDT
Variational Omni RECALL
OKX RECALL-USDT-SWAP
Extended RECALL-USD
MEXC RECALL_USDT
BingX RECALL-USDT
Aster RECALLUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RECALLUSDTMshort | +0.2354% | 4h | 0.04554 | −0.110% | $584K | $818K | 40x |