Funding you earn now, next payment 12:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.31 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin−0.125%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$400as in the Funding arb table
Net, price: spread back to 7d avg − costs−$400as in the Price arb table
costs, in and out, $10k−$3973.967% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 7 days+0.067%+$7 · spread now −0.125%, 7d avg −0.093%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.033% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.093%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TURBOUSDTM | 0.001084 | 0.0162 | pay 0.0081% / 4h | 2h 58m | $1.9M | $958K | 20x |
| Short | Binance TURBOUSDT | 0.001083 | 0.0100 | get 0.0050% / 4h | 2h 58m | $3.0M | $6.7M | 50x |
Funding 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
- −$13.02
- Price spread: −0.125% → −0.093%
- −$3.27
- Slippage, 4 orders
- −$374.74
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$413.03
- Costs to cover
- 3.967%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 8 min ago; Binance: live order book, 10 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, 8 min ago | 7.80 bp | 165.9 bp −$166 | 540.6 bp −$5,406 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 3.22 bp | 23.2 bp −$23 | 79.9 bp −$799 | doesn't fit | doesn't fit |
TURBO on 14 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_TURBOUSD | −0.1962% | 1h | 0.001085 | +0.055% | $72K | $33K | 20x | as long as short |
| Injective TURBO/USDC PERP | +0.0033% | 1h | 0.001069 | −1.393% | $83 | $4 | 5.5x | as long as short |
| BloFin TURBO-USDT | +0.0099% | 4h | 0.001086 | +0.175% | $155K | $504K | 75x | as long as short |
| Hyperliquid TURBO | +0.0100% | 1h | 0.001085 | +0.083% | $319K | $173K | 3x | as long as short |
| Aster TURBOUSDT | +0.0100% | 4h | 0.001083 | −0.141% | $10K | $20K | 10x | as long as short |
| Binance TURBOUSDTshort | +0.0100% | 4h | 0.001083 | −0.125% | $3.0M | $6.7M | 50x | |
| Bybit 1000TURBOUSDT | +0.0100% | 4h | 0.001084 | −0.028% | $394K | $791K | 25x | as long as short |
| OKX TURBO-USDT-SWAP | +0.0100% | 4h | 0.001083 | −0.138% | $917K | $2.4M | 20x | as long as short |
| Gate TURBO_USDT | +0.0100% | 4h | 0.001084 | +0.028% | $393K | $346K | 25x | as long as short |
| MEXC TURBO_USDT | +0.0100% | 4h | 0.001082 | −0.175% | $5.6M | $604K | 20x | as long as short |
Show all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TURBOUSDT | +0.0100% | 4h | 0.001084 | −0.009% | $1.1M | $614K | 25x | as long as short |
| BingX TURBO-USDT | +0.0100% | 4h | 0.001083 | −0.129% | — | $9.6M | — | as long as short |
| Extended TURBO-USD | +0.0104% | 1h | 0.001082 | −0.175% | $456 | $194K | 5x | as long as short |
| KuCoin TURBOUSDTMlong | +0.0162% | 4h | 0.001084 | long leg | $1.9M | $958K | 20x |
KuCoin TURBOUSDTM
Binance TURBOUSDT
Kraken Futures PF_TURBOUSD
Injective TURBO/USDC PERP
BloFin TURBO-USDT
Hyperliquid TURBO
Aster TURBOUSDT
Bybit 1000TURBOUSDT
OKX TURBO-USDT-SWAP
Gate TURBO_USDT
MEXC TURBO_USDT
Bitget TURBOUSDT
BingX TURBO-USDT
Extended TURBO-USD