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: Binance against KuCoin−0.183%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$870as in the Funding arb table
Net, price: spread back to 7d avg − costs−$877as 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)+0.027%+$3 · spread now −0.183%, 7d avg −0.105%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.078% cheaper against KuCoin than usual: you would sell low and buy high, −$8 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 | KuCoin USUALUSDTM | 0.01405 | 0.0100 | pay 0.0050% / 4h | 3h 57m | $259K | $62K | 20x |
| Short | Binance USUALUSDT | 0.01402 | 0.0100 | get 0.0050% / 4h | 3h 57m | $2.3M | $3.3M | 50x |
KuCoin USUALUSDTM
Binance USUALUSDTFunding 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
- $0
- Price spread: −0.183% → −0.105%
- −$7.83
- Slippage, 4 orders
- −$847.09
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$876.92
- Costs to cover
- 8.691%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 14 min ago; Binance: live order book, 8 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, 14 min ago | 21.23 bp | 339.5 bp −$340 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 2.49 bp | 26.9 bp −$27 | 122.4 bp −$1,224 | 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 | 0.01392 | −0.925% | $6K | $3K | 5.5x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01403 | −0.142% | $405K | $183K | 3x | as long as short |
| Binance USUALUSDTshort | +0.0100% | 4h | 0.01402 | −0.183% | $2.3M | $3.3M | 50x | |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01405 | +0.036% | $1.1M | $807K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01408 | +0.214% | $951K | $110K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01404 | −0.064% | $6.2M | $238K | 100x | as long as short |
| KuCoin USUALUSDTMlong | +0.0100% | 4h | 0.01405 | long leg | $259K | $62K | 20x | |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01404 | −0.071% | $833K | $393K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01405 | +0.021% | — | $1.2M | — | as long as short |
| Variational Omni USUAL | +0.0100% | 4h | 0.01408 | +0.235% | $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 | 0.01405 | +0.025% | $111K | $21K | 10x | as long as short |
Kraken Futures PF_USUALUSD