Funding you earn now, next payment 08:00 UTC−0.0986%/8h= −108.0% APRnext payment −$4.93 per $10,000 · paid last 24h −0.107%
Price spread now: Binance against KuCoin−0.358%7-day average −0.153% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,025as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,028as in the Price arb table
costs, in and out, $10k−$1,00810.080% of the position
Funding, last 7 days−0.173%−$17 on $10k
+Price spread, last 4 days (all we have)+0.255%+$25 · spread now −0.358%, 7d avg −0.153%
=Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Binance is 0.204% cheaper against KuCoin than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.153%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.173% in total (about -9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.93 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 | KuCoin STOUSDTM | 0.04194 | 0.1086 | pay 0.0543% / 4h | 40m 34s | $1.0M | $18K | 25x |
| Short | Binance STOUSDT | 0.04179 | 0.0100 | get 0.0050% / 4h | 40m 34s | $3.4M | $1.5M | 20x |
KuCoin STOUSDTM
Binance STOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$207.06
- Price spread: −0.358% → −0.153%
- −$20.43
- Slippage, 4 orders
- −$985.97
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,235.46
- Costs to cover
- 10.080%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 14 min ago; Binance: live order book, 10 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 KuCoin live order book, 14 min ago | 13.12 bp | 302.5 bp −$302 | 5799.7 bp −$58.0K | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.20 bp | 24.4 bp −$24 | 111.7 bp −$1,117 | doesn't fit | doesn't fit |
STO on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster STOUSDT | +0.0100% | 4h | 0.04179 | −0.351% | $26K | $1K | 5x | as long as short |
| Binance STOUSDTshort | +0.0100% | 4h | 0.04179 | −0.358% | $3.4M | $1.5M | 20x | |
| Gate STO_USDT | +0.0100% | 4h | 0.04179 | −0.358% | $244K | $127K | 25x | as long as short |
| MEXC STO_USDT | +0.0100% | 4h | 0.04179 | −0.358% | $773K | $102K | 50x | as long as short |
| Bitget STOUSDT | +0.0100% | 4h | 0.04183 | −0.262% | $322K | $25K | 10x | as long as short |
| Bybit STOUSDT | +0.0458% | 4h | 0.04183 | −0.262% | $721K | $284K | 13x | as long as short |
| BingX STO-USDT | +0.0492% | 4h | 0.04182 | −0.286% | — | $6.5M | — | as long as short |
| Variational Omni STO | +0.0552% | 4h | 0.04188 | −0.151% | $4K | $213 | — | as long as short |
| KuCoin STOUSDTMlong | +0.1086% | 4h | 0.04194 | long leg | $1.0M | $18K | 25x |
Aster STOUSDT
Gate STO_USDT
MEXC STO_USDT
Bitget STOUSDT
Bybit STOUSDT
BingX STO-USDT
Variational Omni STO