Funding you earn now, next payment 04:00 UTC−0.0477%/8h= −52.2% APRnext payment −$2.39 per $10,000 · paid last 24h −0.165%
Price spread now: KuCoin against Binance+0.314%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,444as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,352as in the Price arb table
costs, in and out, $10k−$1,37913.789% of the position
Funding, last 7 days−0.649%−$65 on $10k
+Price spread, last 4 days (all we have)−0.403%−$40 · spread now +0.314%, 7d avg +0.045%
=The price spread pays, funding is against you. KuCoin is 0.270% dearer against Binance than usual: you sell high and buy low (spread +0.314% now, against its 7-day average of +0.045%): +$27 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 45 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SONICUSDT | 0.02636 | 0.0939 | pay 0.0470% / 4h | 25m 14s | $1.4M | $2.2M | 10x |
| Short | KuCoin SONICUSDTM | 0.02644 | 0.0462 | get 0.0231% / 4h | 25m 14s | $490K | $25K | 10x |
Binance SONICUSDT
KuCoin SONICUSDTMFunding 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
- −$100.2
- Price spread: +0.314% → +0.045%
- $26.96
- Slippage, 4 orders
- −$1,356.86
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,452.1
- Costs to cover
- 13.789%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; KuCoin: live order book, 58 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, 9 min ago | 1.90 bp | 58.6 bp −$59 | 559.4 bp −$5,594 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 58 min ago | 94.67 bp | 664.9 bp −$665 | doesn't fit | doesn't fit | doesn't fit |
SONIC on 8 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 SONICUSDT | +0.0100% | 4h | 0.02634 | −0.065% | $1.0M | $997K | 25x | as long as short |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02635 | −0.027% | $135K | $90K | 25x | as long as short |
| Variational Omni SONIC | +0.0100% | 4h | 0.02635 | −0.027% | $3K | $2K | — | as long as short |
| Bitget SONICUSDT | +0.0162% | 4h | 0.02635 | −0.027% | $413K | $462K | 10x | as long as short |
| KuCoin SONICUSDTMshort | +0.0462% | 4h | 0.02644 | +0.314% | $490K | $25K | 10x | |
| BloFin SONIC-USDT | +0.0904% | 4h | 0.02637 | +0.049% | $130K | $4K | 10x | as long as short |
| Binance SONICUSDTlong | +0.0939% | 4h | 0.02636 | long leg | $1.4M | $2.2M | 10x | |
| MEXC SONIC_USDT | +0.0956% | 4h | 0.02634 | −0.065% | $855K | $132K | 50x | as long as short |
Bybit SONICUSDT
Gate SONIC_USDT
Variational Omni SONIC
Bitget SONICUSDT
BloFin SONIC-USDT
MEXC SONIC_USDT