Funding you earn now, next payment 00:00 UTC−0.0606%/8h= −66.3% APRnext payment −$3.03 per $10,000 · paid last 24h −0.147%
Price spread now: KuCoin against Binance−0.123%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1091.092% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 7 days+0.233%+$23 · spread now −0.123%, 7d avg −0.088%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and KuCoin is 0.035% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.088%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.03 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 RIVERUSDT | 1.2756 | 0.0706 | pay 0.0353% / 4h | 53m 57s | $6.1M | $10.3M | 50x |
| Short | KuCoin RIVERUSDTM | 1.2740 | 0.0100 | get 0.0050% / 4h | 53m 57s | $2.5M | $2.1M | 50x |
Binance RIVERUSDT
KuCoin RIVERUSDTMFunding 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
- −$127.16
- Price spread: −0.123% → −0.088%
- −$3.47
- Slippage, 4 orders
- −$87.18
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$239.81
- Costs to cover
- 1.092%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; KuCoin: live order book, 3 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, 1 min ago | 3.92 bp | 16.3 bp −$16 | 65.0 bp −$650 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 3.93 bp | 31.2 bp −$31 | 534.1 bp −$5,341 | doesn't fit | doesn't fit |
RIVER on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RIVER | +0.0096% | 1h | 1.2750 | −0.044% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2750 | −0.044% | $2.1M | $3.8M | 20x | as long as short |
| KuCoin RIVERUSDTMshort | +0.0100% | 4h | 1.2740 | −0.123% | $2.5M | $2.1M | 50x | |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2720 | −0.280% | $2K | $964K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2750 | −0.044% | $49K | $95K | 20x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0172% | 4h | 1.2715 | −0.319% | $39K | $415K | 10x | as long as short |
| Bitget RIVERUSDT | +0.0312% | 4h | 1.2740 | −0.123% | $3.0M | $1.9M | 20x | as long as short |
| Gate RIVER_USDT | +0.0380% | 4h | 1.2730 | −0.201% | $423K | $107K | 20x | as long as short |
| Aster RIVERUSDT | +0.0598% | 4h | 1.2741 | −0.113% | $73K | $29K | 10x | as long as short |
| MEXC RIVER_USDT | +0.0700% | 4h | 1.2750 | −0.044% | $3.7M | $1.5M | 50x | as long as short |
Lighter RIVER
OKX RIVER-USDT-SWAP
SunX RIVER-USDT
HTX RIVER-USDT
GRVT RIVER_USDT_Perp
Bitget RIVERUSDT
Gate RIVER_USDT
Aster RIVERUSDT
MEXC RIVER_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance RIVERUSDTlong | +0.0706% | 4h | 1.2756 | long leg | $6.1M | $10.3M | 50x | |
| Kraken Futures PF_RIVERUSD | +0.0719% | 1h | 1.2774 | +0.143% | $59K | $62K | 10x | as long as short |
| BloFin RIVER-USDT | +0.0754% | 4h | 1.2750 | −0.044% | $417K | $33K | 50x | as long as short |
| Variational Omni RIVER | +0.1081% | 4h | 1.2733 | −0.176% | $43K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.1342% | 4h | 1.2750 | −0.044% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDT | +0.1411% | 4h | 1.2750 | −0.044% | $3.8M | $1.7M | 25x | as long as short |
Kraken Futures PF_RIVERUSD
BloFin RIVER-USDT
Variational Omni RIVER
BingX RIVER-USDT
Bybit RIVERUSDT