Funding you earn now, next payment 05:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h +0.038%
Price spread now: Coinbase International against KuCoin+0.441%51s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 0.441% dearer against KuCoin than usual: you sell high and buy low: +$44 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin WUSDTM | 0.01178 | 0.0100 | pay 0.0050% / 4h | 2h 17m | $392K | $194K | 50x |
| Short | Coinbase International W-PERP-INTX | 0.01183 | 0.0400 | get 0.0050% / 1h | 17m 18s | $13K | $14K | 50x |
KuCoin WUSDTM
Coinbase International W-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $63
- Price spread: +0.441% → 0.000%
- $44.14
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $85.14
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: KuCoin: live order book, 41 min ago; Coinbase International: no order-book sample. 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 KuCoin live order book, 41 min ago | 8.52 bp | 148.0 bp −$148 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
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 | 0.01179 | +0.068% | $14K | $3K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.632% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01180 | +0.170% | $2.0M | $287K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01179 | +0.066% | $3.0M | $5.5M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01176 | −0.195% | $4.1M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01178 | −0.034% | $1.3M | $1.6M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01176 | −0.127% | $426K | $248K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01179 | +0.085% | $12.3M | $1.4M | 50x | as long as short |
| KuCoin WUSDTMlong | +0.0100% | 4h | 0.01178 | long leg | $392K | $194K | 50x | |
| Bitget WUSDT | +0.0100% | 4h | 0.01180 | +0.170% | $1.3M | $582K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
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 | 0.01178 | +0.025% | — | $6.7M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01182 | +0.340% | $44K | $42K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01175 | −0.289% | $72K | $40K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01181 | +0.259% | $129K | $372K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01180 | +0.148% | $59K | $146K | 5x | as long as short |
| Coinbase International W-PERP-INTXshort | +0.0400% | 1h | 0.01183 | +0.441% | $13K | $14K | 50x | |
| Kraken Futures PF_WUSD | +0.1727% | 1h | 0.01183 | +0.444% | $147K | $186K | 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