Funding you earn now, next payment 12:00 UTC−0.2432%/8h= −266.3% APRnext payment −$12.16 per $10,000 · paid last 24h −0.190%
Price spread now: KuCoin against Binance−0.409%7-day average −0.213% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,381as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,322as in the Price arb table
costs, in and out, $10k−$2,30323.028% of the position
Funding, last 7 days−0.780%−$78 on $10k
+Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.409%, 7d avg −0.213%
=Both sides work against this trade now: funding costs −$73 a day on $10k at the current rate, and KuCoin is 0.196% cheaper against Binance than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.213%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.780% in total (about -40.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$12.16 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XNYUSDT | 0.006405 | 0.2532 | pay 0.1266% / 4h | 3h 02m | $3.7M | $1.1M | 10x |
| Short | KuCoin XNYUSDTM | 0.006379 | 0.0100 | get 0.0050% / 4h | 3h 02m | $304K | $16K | 10x |
Binance XNYUSDT
KuCoin XNYUSDTMFunding 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
- −$510.74
- Price spread: −0.409% → −0.213%
- −$19.61
- Slippage, 4 orders
- −$2,280.78
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$2,833.13
- Costs to cover
- 23.028%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; KuCoin: live order book, 20 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, 4 min ago | 2.35 bp | 57.7 bp −$58 | 646.8 bp −$6,468 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 20 min ago | 71.54 bp | 1112.3 bp −$1,112 | doesn't fit | doesn't fit | doesn't fit |
XNY on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit XNYUSDT | +0.0100% | 4h | 0.006404 | −0.019% | $441K | $40K | 5x | as long as short |
| Gate XNY_USDT | +0.0100% | 4h | 0.006423 | +0.278% | $215K | $16K | 10x | as long as short |
| KuCoin XNYUSDTMshort | +0.0100% | 4h | 0.006379 | −0.409% | $304K | $16K | 10x | |
| Variational Omni XNY | +0.0100% | 4h | 0.006389 | −0.254% | $52K | $2K | — | as long as short |
| Aster XNYUSDT | +0.2107% | 4h | 0.006387 | −0.282% | $6K | $6K | 5x | as long as short |
| BingX XNY-USDT | +0.2430% | 4h | 0.006407 | +0.028% | — | $1.3M | — | as long as short |
| BloFin XNY-USDT | +0.2488% | 4h | 0.006380 | −0.394% | $227K | $6K | 10x | as long as short |
| MEXC XNY_USDT | +0.2532% | 4h | 0.006388 | −0.269% | $193K | $104K | 100x | as long as short |
| Binance XNYUSDTlong | +0.2532% | 4h | 0.006405 | long leg | $3.7M | $1.1M | 10x |
Bybit XNYUSDT
Gate XNY_USDT
Variational Omni XNY
Aster XNYUSDT
BingX XNY-USDT
BloFin XNY-USDT
MEXC XNY_USDT