Funding you earn now, next payment 08:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.49 per $10,000 · paid last 24h −0.021%
Price spread now: KuCoin against Binance−0.019%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 7 days+0.002%$0 · spread now −0.019%, 7d avg −0.034%
=The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USDCUSDT | 0.9996 | −0.0158 | get 0.0158% / 8h | 5h 41m | $4.6M | $4.5M | 50x |
| Short | KuCoin USDCUSDTM | 0.9994 | −0.0109 | pay 0.0109% / 8h | 5h 41m | $2.5M | $20K | 30x |
Binance USDCUSDT
KuCoin USDCUSDTMFunding 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
- $10.32
- Price spread: −0.019% → −0.034%
- $1.48
- Slippage, 4 orders
- −$13
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$23.2
- Costs to cover
- 0.350%
- Break-even
- 22.7 days
Slippage from Binance: live order book, 11 min ago; KuCoin: live order book, 6 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 | 0.00 bp | 5.0 bp −$5 | 5.0 bp −$50 | 7.9 bp −$789 | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 4.50 bp | 14.5 bp −$14 | 389.6 bp −$3,896 | doesn't fit | doesn't fit |
USDC 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget USDCUSDT | −0.0175% | 8h | 0.9994 | −0.019% | $4.3M | $16K | 50x | as long as short |
| Binance USDCUSDTlong | −0.0158% | 8h | 0.9996 | long leg | $4.6M | $4.5M | 50x | |
| MEXC USDC_USDT | −0.0158% | 8h | 0.9996 | −0.001% | $20.8M | $741K | 200x | as long as short |
| KuCoin USDCUSDTMshort | −0.0109% | 8h | 0.9994 | −0.019% | $2.5M | $20K | 30x | |
| Kraken Futures PF_USDCUSD | −0.0097% | 1h | 0.9998 | +0.016% | $14K | $930 | 50x | as long as short |
| Gate USDC_USDT | −0.0046% | 8h | 0.9992 | −0.039% | $253K | $39K | 50x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.051% | $9.5M | $345K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0001 | +0.047% | $1.1M | $41K | 50x | as long as short |
Bitget USDCUSDT
MEXC USDC_USDT
Kraken Futures PF_USDCUSD
Gate USDC_USDT
Bybit USDCUSDT
OKX USDC-USDT-SWAP