Funding you earn now, next payment 08:00 UTC−0.0065%/8h= −7.2% APRnext payment −$0.65 per $10,000 · paid last 24h +0.021%
Price spread now: Binance against KuCoin+0.012%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as 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 +0.012%, 7d avg +0.034%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.021% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USDCUSDTM | 0.9994 | −0.0090 | get 0.0090% / 8h | 6h 27m | $2.5M | $20K | 30x |
| Short | Binance USDCUSDT | 0.9995 | −0.0155 | pay 0.0155% / 8h | 6h 27m | $4.5M | $4.3M | 50x |
KuCoin USDCUSDTM
Binance USDCUSDTFunding 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
- −$13.73
- Price spread: +0.012% → +0.034%
- −$2.13
- Slippage, 4 orders
- −$13
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$50.86
- Costs to cover
- 0.350%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 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, 4 min ago | 4.50 bp | 10.5 bp −$11 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.00 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.3 bp −$527 | 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 | −0.0171% | 8h | 0.9994 | 0.000% | $4.3M | $17K | 50x | as long as short |
| Binance USDCUSDTshort | −0.0155% | 8h | 0.9995 | +0.012% | $4.5M | $4.3M | 50x | |
| MEXC USDC_USDT | −0.0155% | 8h | 0.9995 | +0.010% | $19.4M | $586K | 200x | as long as short |
| KuCoin USDCUSDTMlong | −0.0090% | 8h | 0.9994 | long leg | $2.5M | $20K | 30x | |
| Kraken Futures PF_USDCUSD | −0.0059% | 1h | 0.9998 | +0.036% | $14K | $930 | 50x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.070% | $9.5M | $343K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.059% | $1.1M | $42K | 50x | as long as short |
| Gate USDC_USDT | +0.0048% | 8h | 0.9990 | −0.040% | $253K | $38K | 50x | as long as short |
Bitget USDCUSDT
MEXC USDC_USDT
Kraken Futures PF_USDCUSD
Bybit USDCUSDT
OKX USDC-USDT-SWAP
Gate USDC_USDT