TRUTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0446%/8h= −48.9% APRnext payment −$2.23 per $10,000 · paid last 24h −0.065%

Price spread now: KuCoin against Binance−0.103%7-day average −0.189% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,716as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,708as in the Price arb table

costs, in and out, $10k−$1,71717.169% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.103%, 7d avg −0.189%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.086% dearer against Binance than usual: you sell high and buy low (spread −0.103% now, against its 7-day average of −0.189%): +$9 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 15 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.010% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.23 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 TRUTHUSDT	0.01360	0.0546	pay 0.0273% / 4h	1h 37m	$4.3M	$1.6M	20x
Short	KuCoin TRUTHUSDTM	0.01359	0.0100	get 0.0050% / 4h	1h 37m	$1.1M	$52K	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee KuCoinbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$93.71
Price spread: −0.103% → −0.189%: $8.56
Slippage, 4 orders: −$1,694.91
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,802.05
Costs to cover: 17.169%
Break-even: never at this rate

Slippage from Binance: live order book, 15 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, 15 min ago	3.31 bp	52.0 bp −$52	447.1 bp −$4,471	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	20.95 bp	644.3 bp −$644	doesn't fit	doesn't fit	doesn't fit

TRUTH on 10 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 TRUTH_USDT	+0.0100%	4h	0.01358	−0.198%	$424K	$63K	20x	as long as short
KuCoin TRUTHUSDTMshort	+0.0100%	4h	0.01359	−0.103%	$1.1M	$52K	10x
Aster TRUTHUSDT	+0.0525%	4h	0.01361	+0.033%	$36K	$7K	5x	as long as short
BloFin TRUTH-USDT	+0.0527%	4h	0.01361	+0.029%	$197K	$13K	50x	as long as short
Extended TRUTH-USD	+0.0544%	1h	0.01360	−0.019%	$3K	$180K	5x	as long as short
Binance TRUTHUSDTlong	+0.0546%	4h	0.01360	long leg	$4.3M	$1.6M	20x
OKX TRUTH-USDT-SWAP	+0.0547%	4h	0.01365	+0.309%	$186K	$286K	10x	as long as short
MEXC TRUTH_USDT	+0.0550%	4h	0.01360	0.000%	$11.8M	$132K	20x	as long as short
BingX TRUTH-USDT	+0.0566%	4h	0.01361	+0.074%	—	$6.5M	—	as long as short
Bybit TRUTHUSDT	+0.0569%	4h	0.01362	+0.110%	$1.3M	$454K	20x	as long as short