Funding you earn now, next payment 21:00 UTC−0.1364%/8h= −149.4% APRpaid last 24h −0.648%
Price spread now: Coinbase International against KuCoin−2.398%51s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Coinbase International is 2.398% cheaper against KuCoin than usual: you would sell low and buy high (−$240 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SUSDTM | 0.03920 | 0.0100 | pay 0.0050% / 4h | 2h 26m | $1.8M | $3.1M | 50x |
| Short | Coinbase International S-PERP-INTX | 0.03826 | −0.1264 | pay 0.0158% / 1h | 26m 33s | $47K | $5K | 25x |
KuCoin SUSDTM
Coinbase International S-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$286.44
- Price spread: −2.398% → 0.000%
- −$239.8
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$548.24
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 6 min ago; Coinbase International: no order-book sample. Net counts fees only.
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 | 3.85 bp | 113.9 bp −$114 | 313.9 bp −$3,139 | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.1459% | 1h | 0.03911 | −0.221% | $33K | $30K | 10x | as long as short |
| Coinbase International S-PERP-INTXshort | −0.1264% | 1h | 0.03826 | −2.398% | $47K | $5K | 25x | |
| Variational Omni S | −0.1055% | 4h | 0.03895 | −0.629% | $606K | $34K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0189% / S +0.0183% | 1h | 0.03916 | −0.092% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03922 | +0.041% | $4 | — | 15x | as long as short |
| Orderly PERP_S_USDC | −0.0016% | 4h | 0.03914 | −0.153% | $101K | $337K | 10x | as long as short |
| Aster SUSDT | −0.0009% | 4h | 0.03918 | −0.046% | $43K | $212K | 10x | as long as short |
| 01 Exchange SUSD | 0.0000% | 1h | 0.03920 | 0.000% | $24K | $3K | 5x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03915 | −0.138% | $603 | — | 150x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0005% | 1h | 0.03918 | −0.051% | $66K | $10K | 10x | as long as short |
Kraken Futures PF_SUSD
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Orderly PERP_S_USDC
Aster SUSDT
01 Exchange SUSD
gTrade (Gains Network) S/USD
Deribit S_USDC-PERPETUALShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.592% | $2K | $37K | 12x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03923 | +0.077% | $164K | $240K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.03924 | +0.092% | $990K | $912K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03927 | +0.166% | $5.3M | $23.5M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03917 | −0.077% | $5.6M | $6.4M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03921 | +0.026% | $975K | $7.4M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03912 | −0.204% | $320K | $292K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03926 | +0.153% | $3.5M | $2.6M | 200x | as long as short |
| KuCoin SUSDTMlong | +0.0100% | 4h | 0.03920 | long leg | $1.8M | $3.1M | 50x | |
| Bitget SUSDT | +0.0100% | 4h | 0.03927 | +0.179% | $1.2M | $3.0M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03917 | −0.077% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03900 | −0.510% | $19K | $470K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03917 | −0.075% | $219K | $883K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03908 | −0.306% | $268K | $158K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0399% | 1h | 0.03910 | −0.255% | $114K | $291K | 5x | as long as short |
Injective S/USDC PERP
Lighter S
Hyperliquid S
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Backpack S_USDC_PERP