Funding you earn now, next payment 08:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.43 per $10,000 · paid last 24h +0.050%
Price spread now: Binance against KuCoin+0.384%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,851as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,830as in the Price arb table
costs, in and out, $10k−$1,86118.613% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 4 days (all we have)−0.370%−$37 · spread now +0.384%, 7d avg +0.070%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.314% dearer against KuCoin than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.070%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin THEUSDTM | 0.08334 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $121K | $114K | 10x |
| Short | Binance THEUSDT | 0.08366 | 0.0185 | get 0.0093% / 4h | 1h 58m | $2.2M | $4.9M | 10x |
KuCoin THEUSDTM
Binance THEUSDTFunding 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
- $17.88
- Price spread: +0.384% → +0.070%
- $31.38
- Slippage, 4 orders
- −$1,839.25
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,812
- Costs to cover
- 18.613%
- Break-even
- 716.6 days
Slippage from KuCoin: live order book, 50 min ago; Binance: live order book, 9 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, 50 min ago | 12.15 bp | 875.5 bp −$876 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 3.01 bp | 34.0 bp −$34 | 238.1 bp −$2,381 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster THEUSDT | +0.0100% | 4h | 0.08359 | +0.300% | $5K | $14K | 5x | as long as short |
| Bybit THEUSDT | +0.0100% | 4h | 0.08355 | +0.252% | $559K | $475K | 20x | as long as short |
| Gate THE_USDT | +0.0100% | 4h | 0.08330 | −0.048% | $67K | $75K | 10x | as long as short |
| KuCoin THEUSDTMlong | +0.0100% | 4h | 0.08334 | long leg | $121K | $114K | 10x | |
| Bitget THEUSDT | +0.0100% | 4h | 0.08374 | +0.480% | $483K | $433K | 10x | as long as short |
| BloFin THE-USDT | +0.0151% | 4h | 0.08359 | +0.300% | $143K | $7K | 50x | as long as short |
| MEXC THE_USDT | +0.0174% | 4h | 0.08366 | +0.384% | $215K | $151K | 50x | as long as short |
| BingX THE-USDT | +0.0184% | 4h | 0.08365 | +0.372% | — | $6.5M | — | as long as short |
| Binance THEUSDTshort | +0.0185% | 4h | 0.08366 | +0.384% | $2.2M | $4.9M | 10x |
Aster THEUSDT
Bybit THEUSDT
Gate THE_USDT
Bitget THEUSDT
BloFin THE-USDT
MEXC THE_USDT
BingX THE-USDT