Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.4% APRnext payment −$0.34 per $10,000 · paid last 24h +0.028%
Price spread now: KuCoin against Binance+0.172%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$306as in the Funding arb table
Net, price: spread back to 7d avg − costs−$267as in the Price arb table
costs, in and out, $10k−$2832.829% of the position
Funding, last 7 days−0.235%−$23 on $10k
+Price spread, last 7 days−0.015%−$2 · spread now +0.172%, 7d avg +0.016%
=The price spread pays, funding is against you. KuCoin is 0.156% dearer against Binance than usual: you sell high and buy low (spread +0.172% now, against its 7-day average of +0.016%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TUSDT | 0.005233 | −0.0187 | get 0.0093% / 4h | 1h 38m | $3.3M | $7.4M | 50x |
| Short | KuCoin TUSDTM | 0.005242 | −0.0254 | pay 0.0127% / 4h | 1h 38m | $1.4M | $77K | 12x |
Binance TUSDT
KuCoin TUSDTMFunding 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
- −$14.12
- Price spread: +0.172% → +0.016%
- $15.64
- Slippage, 4 orders
- −$260.86
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$281.35
- Costs to cover
- 2.829%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; KuCoin: live order book, 2 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, 16 min ago | 0.96 bp | 13.6 bp −$14 | 39.3 bp −$393 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 11.44 bp | 121.1 bp −$121 | doesn't fit | doesn't fit | doesn't fit |
T 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.2917% | 1h | 0.005232 | −0.024% | $2K | $2K | 10x | as long as short |
| Variational Omni T | −0.0256% | 4h | 0.005219 | −0.268% | $8K | $9K | — | as long as short |
| KuCoin TUSDTMshort | −0.0254% | 4h | 0.005242 | +0.172% | $1.4M | $77K | 12x | |
| Bitget TUSDT | −0.0230% | 4h | 0.005226 | −0.134% | $888K | $506K | 50x | as long as short |
| Gate T_USDT | −0.0210% | 4h | 0.005240 | +0.134% | $216K | $78K | 20x | as long as short |
| Binance TUSDTlong | −0.0187% | 4h | 0.005233 | long leg | $3.3M | $7.4M | 50x | |
| MEXC T_USDT | −0.0186% | 4h | 0.005234 | +0.019% | $3.2M | $204K | 20x | as long as short |
| Bybit TUSDT | −0.0029% | 4h | 0.005230 | −0.057% | $1.6M | $1.5M | 25x | as long as short |
Kraken Futures PF_TUSD
Variational Omni T
Bitget TUSDT
Gate T_USDT
MEXC T_USDT
Bybit TUSDT