Funding you earn now, next payment 05:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h −0.038%
Price spread now: KuCoin against Coinbase International−0.332%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.332% cheaper against Coinbase International than usual: you would sell low and buy high (−$33 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International W-PERP-INTX | 0.01175 | 0.0400 | pay 0.0050% / 1h | 55m 05s | $14K | $14K | 50x |
| Short | KuCoin WUSDTM | 0.01171 | 0.0100 | get 0.0050% / 4h | 2h 55m | $384K | $199K | 50x |
Coinbase International W-PERP-INTX
KuCoin WUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Coinbase International. 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
- −$63
- Price spread: −0.332% → 0.000%
- −$33.19
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$118.19
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; KuCoin: live order book, 3 min ago. Net counts fees only.
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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 3 min ago | 8.52 bp | 179.9 bp −$180 | 612.5 bp −$6,125 | doesn't fit | doesn't fit |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | 0.0000% | 1h | 0.01173 | −0.153% | $15K | $3K | 10x | as long as short |
| Gate W_USDT | +0.0028% | 4h | 0.01169 | −0.511% | $427K | $233K | 75x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.902% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01174 | −0.077% | $2.0M | $305K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01173 | −0.182% | $2.9M | $5.5M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01171 | −0.323% | $4.1M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01172 | −0.213% | $1.3M | $1.6M | 20x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01172 | −0.221% | $12.5M | $1.3M | 50x | as long as short |
| KuCoin WUSDTMshort | +0.0100% | 4h | 0.01171 | −0.332% | $384K | $199K | 50x | |
| Bitget WUSDT | +0.0100% | 4h | 0.01172 | −0.247% | $1.3M | $544K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Gate W_USDT
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
MEXC W_USDT
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01172 | −0.255% | — | $6.8M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01174 | −0.043% | $44K | $42K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01173 | −0.196% | $72K | $40K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01174 | −0.070% | $126K | $366K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01172 | −0.214% | $60K | $151K | 5x | as long as short |
| Coinbase International W-PERP-INTXlong | +0.0400% | 1h | 0.01175 | long leg | $14K | $14K | 50x | |
| Kraken Futures PF_WUSD | +0.1738% | 1h | 0.01176 | +0.061% | $146K | $185K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Kraken Futures PF_WUSD