Funding you earn now, next payment 08:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.87 per $10,000 · paid last 24h +0.037%
Price spread now: Binance against KuCoin+0.027%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1221.224% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 2 days (all we have)+0.067%+$7 · spread now +0.027%, 7d avg +0.078%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.052% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.078%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin AAPLUSDTM | 339.12 | 0.0100 | pay 0.0100% / 8h | 5h 57m | $1.4M | $27K | 20x |
| Short | Binance AAPLUSDT | 339.21 | 0.0013 | get 0.0013% / 8h | 5h 57m | $22.3M | $67.0M | 25x |
KuCoin AAPLUSDTM
Binance AAPLUSDTFunding 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
- −$18.21
- Price spread: +0.027% → +0.078%
- −$5.16
- Slippage, 4 orders
- −$100.43
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$145.81
- Costs to cover
- 1.224%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Binance: live order book, 15 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, 3 min ago | 6.49 bp | 51.0 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.15 bp | 5.1 bp −$5 | 6.2 bp −$62 | 28.0 bp −$2,800 | doesn't fit |
AAPL on 32 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0534% | 4h | 339.19 | +0.022% | $81K | $328K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0133% | 1h | 338.91 | −0.062% | $28K | $67K | 10x | as long as short |
| Nado AAPL-PERP | −0.0085% | 1h | 339.08 | −0.012% | $555K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.08 | −0.011% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.19 | +0.021% | $6.0M | $39.1M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.13 | +0.003% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.94 | −0.053% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.27 | +0.044% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.24 | +0.034% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.21 | +0.026% | $17K | $433K | 10x | as long as short |
edgeX AAPLUSDC
Deribit AAPL_USDC-PERPETUAL
Nado AAPL-PERP
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX AAPL-USDT | 0.0000% | 8h | 339.17 | +0.015% | $471 | $4.7M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.31 | +0.056% | $53K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.30 | +0.053% | $2.1M | $6K | 10x | as long as short |
| QFEX AAPL-USD | +0.0013% | 1h | 339.05 | −0.021% | $3.2M | $4.9M | 10x | as long as short |
| Binance AAPLUSDTshort | +0.0013% | 8h | 339.21 | +0.027% | $22.3M | $67.0M | 25x | |
| Extended AAPL_24_5-USD | +0.0016% | 1h | 339.12 | 0.000% | $288K | $2.0M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.05 | −0.022% | $755K | $2.4M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.11 | −0.003% | $950K | $3.5M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.06 | −0.018% | $270K | $70K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.99 | −0.038% | — | $45K | 25x | as long as short |
| Hotstuff AAPL-PERP | +0.0048% | 1h | 339.00 | −0.035% | $36K | — | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0048% | 1h | 338.98 | −0.041% | $656K | $671K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.10 | −0.006% | $40.7M | $75.8M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.88 | −0.071% | $262K | $396K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.10 | −0.006% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.85 | −0.080% | $1.4M | $2.5M | 20x | as long as short |
| KuCoin AAPLUSDTMlong | +0.0100% | 8h | 339.12 | long leg | $1.4M | $27K | 20x | |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.10 | −0.006% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.11 | −0.003% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.05 | −0.022% | $11K | — | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.02 | −0.029% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 339.33 | +0.062% | $5K | $11K | 20x | as long as short |
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Extended AAPL_24_5-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Hotstuff AAPL-PERP
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL