Funding you earn now, next payment 04:00 UTC−0.0305%/8h= −33.4% APRnext payment −$1.53 per $10,000 · paid last 24h −0.040%
Price spread now: KuCoin against Binance+0.082%7-day average −0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,895as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,871as in the Price arb table
costs, in and out, $10k−$1,88618.859% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.082%, 7d avg −0.069%
=The price spread pays, funding is against you. KuCoin is 0.151% dearer against Binance than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.069%): +$15 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 7 days (−0.091% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.091% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.53 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 | Binance THEUSDT | 0.08245 | 0.0405 | pay 0.0203% / 4h | 26m 16s | $2.2M | $4.8M | 10x |
| Short | KuCoin THEUSDTM | 0.08252 | 0.0100 | get 0.0050% / 4h | 26m 16s | $115K | $108K | 10x |
Binance THEUSDT
KuCoin THEUSDTMFunding 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
- −$64.07
- Price spread: +0.082% → −0.069%
- $15.07
- Slippage, 4 orders
- −$1,863.89
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,934.89
- Costs to cover
- 18.859%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; KuCoin: live order book, 48 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, 11 min ago | 1.21 bp | 27.3 bp −$27 | 266.2 bp −$2,662 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 48 min ago | 11.93 bp | 989.2 bp −$989 | doesn't fit | doesn't fit | doesn't fit |
THE 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate THE_USDT | +0.0100% | 4h | 0.08260 | +0.179% | $66K | $77K | 10x | as long as short |
| KuCoin THEUSDTMshort | +0.0100% | 4h | 0.08252 | +0.082% | $115K | $108K | 10x | |
| Bitget THEUSDT | +0.0100% | 4h | 0.08240 | −0.064% | $443K | $373K | 10x | as long as short |
| Aster THEUSDT | +0.0391% | 4h | 0.08250 | +0.064% | $5K | $12K | 5x | as long as short |
| MEXC THE_USDT | +0.0404% | 4h | 0.08244 | −0.015% | $194K | $144K | 50x | as long as short |
| Binance THEUSDTlong | +0.0405% | 4h | 0.08245 | long leg | $2.2M | $4.8M | 10x | |
| BloFin THE-USDT | +0.0435% | 4h | 0.08267 | +0.264% | $143K | $5K | 50x | as long as short |
| Bybit THEUSDT | +0.0769% | 4h | 0.08231 | −0.173% | $551K | $450K | 20x | as long as short |
| BingX THE-USDT | +0.0772% | 4h | 0.08250 | +0.058% | — | $6.5M | — | as long as short |
Gate THE_USDT
Bitget THEUSDT
Aster THEUSDT
MEXC THE_USDT
BloFin THE-USDT
Bybit THEUSDT
BingX THE-USDT