Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Binance−0.083%7-day average +0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$869as in the Funding arb table
Net, price: spread back to 7d avg − costs−$888as in the Price arb table
costs, in and out, $10k−$8698.691% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 4 days (all we have)+0.240%+$24 · spread now −0.083%, 7d avg +0.105%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.188% cheaper against Binance than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.105%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USUALUSDT | 0.01405 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $2.3M | $3.3M | 50x |
| Short | KuCoin USUALUSDTM | 0.01404 | 0.0100 | get 0.0050% / 4h | 3h 55m | $259K | $62K | 20x |
Binance USUALUSDT
KuCoin USUALUSDTMFunding 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
- $0
- Price spread: −0.083% → +0.105%
- −$18.8
- Slippage, 4 orders
- −$847.09
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$887.9
- Costs to cover
- 8.691%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; KuCoin: live order book, 16 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 | 2.49 bp | 25.7 bp −$26 | 152.6 bp −$1,526 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 16 min ago | 21.23 bp | 477.0 bp −$477 | doesn't fit | doesn't fit | doesn't fit |
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.5000% | 1h | 0.01391 | −1.008% | $6K | $3K | 5.5x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01406 | +0.059% | $405K | $183K | 3x | as long as short |
| Binance USUALUSDTlong | +0.0100% | 4h | 0.01405 | long leg | $2.3M | $3.3M | 50x | |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01407 | +0.145% | $1.1M | $805K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01405 | −0.012% | $949K | $110K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01405 | −0.012% | $6.2M | $238K | 100x | as long as short |
| KuCoin USUALUSDTMshort | +0.0100% | 4h | 0.01404 | −0.083% | $259K | $62K | 20x | |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01406 | +0.059% | $835K | $393K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01406 | +0.088% | — | $1.2M | — | as long as short |
| Variational Omni USUAL | +0.0100% | 4h | 0.01407 | +0.102% | $11K | $1K | — | as long as short |
Injective USUAL/USDC PERP
Hyperliquid USUAL
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
Bitget USUALUSDT
BingX USUAL-USDT
Variational Omni USUALShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_USUALUSD | +0.0274% | 1h | 0.01406 | +0.030% | $111K | $21K | 10x | as long as short |
Kraken Futures PF_USUALUSD