Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Binance+0.108%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$916as in the Funding arb table
Net, price: spread back to 7d avg − costs−$909as in the Price arb table
costs, in and out, $10k−$9219.208% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)−0.161%−$16 · spread now +0.108%, 7d avg −0.012%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.120% dearer against Binance than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPELLUSDT | 0.00009240 | 0.0100 | pay 0.0100% / 8h | 7h 40m | $1.5M | $1.5M | 50x |
| Short | KuCoin SPELLUSDTM | 0.00009250 | 0.0100 | get 0.0100% / 8h | 7h 40m | $193K | $26K | 30x |
Binance SPELLUSDT
KuCoin SPELLUSDTMFunding 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
- $0
- Price spread: +0.108% → −0.012%
- $11.98
- Slippage, 4 orders
- −$898.8
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$908.82
- Costs to cover
- 9.208%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; KuCoin: live order book, 4 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, 8 min ago | 5.41 bp | 28.5 bp −$29 | 223.6 bp −$2,236 | 14468.8 bp −$1.45M | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 32.43 bp | 485.7 bp −$486 | doesn't fit | doesn't fit | doesn't fit |
SPELL on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SPELLUSDTlong | +0.0100% | 8h | 0.00009240 | long leg | $1.5M | $1.5M | 50x | |
| Gate SPELL_USDT | +0.0100% | 8h | 0.00009220 | −0.216% | $52K | $24K | 20x | as long as short |
| MEXC SPELL_USDT | +0.0100% | 8h | 0.00009240 | 0.000% | $413K | $126K | 20x | as long as short |
| KuCoin SPELLUSDTMshort | +0.0100% | 8h | 0.00009250 | +0.108% | $193K | $26K | 30x | |
| Bitget SPELLUSDT | +0.0100% | 8h | 0.00009250 | +0.108% | $614K | $38K | 25x | as long as short |
| Variational Omni SPELL | +0.0100% | 8h | 0.00009254 | +0.147% | $212 | $1K | — | as long as short |
| Kraken Futures PF_SPELLUSD | +0.0977% | 1h | 0.00009245 | +0.054% | $15K | $2K | 10x | as long as short |
Gate SPELL_USDT
MEXC SPELL_USDT
Bitget SPELLUSDT
Variational Omni SPELL
Kraken Futures PF_SPELLUSD