Funding you earn now, next payment 00:00 UTC+0.0326%/8h= +35.7% APRnext payment +$1.63 per $10,000 · paid last 24h −0.058%
Price spread now: Binance against KuCoin−0.148%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$261as in the Funding arb table
Net, price: spread back to 7d avg − costs−$210as in the Price arb table
costs, in and out, $10k−$1971.972% of the position
Funding, last 7 days−0.640%−$64 on $10k
+Price spread, last 7 days−0.006%−$1 · spread now −0.148%, 7d avg −0.016%
=Funding pays, the price is against you. Binance is 0.131% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.148% now, against its 7-day average of −0.016%). If the spread goes back, that is −$13 on $10k: about 32 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.640%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TUSDTM | 0.005165 | −0.0856 | get 0.0428% / 4h | 1h 36m | $1.3M | $108K | 12x |
| Short | Binance TUSDT | 0.005157 | −0.0530 | pay 0.0265% / 4h | 1h 36m | $3.2M | $10.1M | 50x |
KuCoin TUSDTM
Binance TUSDTFunding 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
- $68.5
- Price spread: −0.148% → −0.016%
- −$13.13
- Slippage, 4 orders
- −$175.25
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$141.88
- Costs to cover
- 1.972%
- Break-even
- 21.5 days
Slippage from KuCoin: live order book, 4 min ago; Binance: 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 KuCoin live order book, 4 min ago | 3.87 bp | 89.8 bp −$90 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.97 bp | 11.3 bp −$11 | 33.4 bp −$334 | 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 | −0.4841% | 1h | 0.005160 | −0.103% | $2K | $2K | 10x | as long as short |
| Bybit TUSDT | −0.1000% | 4h | 0.005157 | −0.155% | $1.6M | $2.2M | 25x | as long as short |
| Variational Omni T | −0.0883% | 4h | 0.005167 | +0.047% | $7K | $13K | — | as long as short |
| Gate T_USDT | −0.0858% | 4h | 0.005166 | +0.019% | $214K | $120K | 20x | as long as short |
| KuCoin TUSDTMlong | −0.0856% | 4h | 0.005165 | long leg | $1.3M | $108K | 12x | |
| Bitget TUSDT | −0.0646% | 4h | 0.005155 | −0.194% | $886K | $766K | 50x | as long as short |
| Binance TUSDTshort | −0.0530% | 4h | 0.005157 | −0.148% | $3.2M | $10.1M | 50x | |
| MEXC T_USDT | −0.0526% | 4h | 0.005159 | −0.116% | $3.1M | $264K | 20x | as long as short |
Kraken Futures PF_TUSD
Bybit TUSDT
Variational Omni T
Gate T_USDT
Bitget TUSDT
MEXC T_USDT