Funding you earn now, next payment 00:00 UTC−0.0328%/8h= −35.9% APRnext payment −$3.28 per $10,000 · paid last 24h −0.020%
Price spread now: KuCoin against Binance−0.075%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$411as in the Funding arb table
Net, price: spread back to 7d avg − costs−$400as in the Price arb table
costs, in and out, $10k−$3983.976% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 2 days (all we have)−0.007%−$1 · spread now −0.075%, 7d avg −0.055%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and KuCoin is 0.021% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.055%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.132% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.28 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 AMATUSDT | 466.68 | 0.0428 | pay 0.0428% / 8h | 17m 45s | $8.9M | $12.7M | 20x |
| Short | KuCoin AMATUSDTM | 466.33 | 0.0100 | get 0.0100% / 8h | 17m 45s | $406K | $429K | 20x |
Binance AMATUSDT
KuCoin AMATUSDTMFunding 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
- −$68.8
- Price spread: −0.075% → −0.055%
- −$2.08
- Slippage, 4 orders
- −$375.59
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$468.47
- Costs to cover
- 3.976%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; KuCoin: live order book, 44 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, 8 min ago | 0.11 bp | 11.5 bp −$12 | 37.6 bp −$376 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 44 min ago | 6.66 bp | 180.4 bp −$180 | doesn't fit | doesn't fit | doesn't fit |
AMAT on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster AMATUSDT | 0.0000% | 8h | 466.93 | +0.053% | $10K | $11K | 20x | as long as short |
| Bybit AMATUSDT | 0.0000% | 8h | 466.68 | 0.000% | $929K | $618K | 25x | as long as short |
| OKX AMAT-USDT-SWAP | 0.0000% | 8h | 466.89 | +0.045% | $1.4M | $1.6M | 20x | as long as short |
| Gate AMAT_USDT | 0.0000% | 8h | 466.80 | +0.025% | $2.0M | $6.4M | 50x | as long as short |
| Bitget AMATUSDT | 0.0000% | 8h | 466.89 | +0.045% | $2.1M | $1.7M | 20x | as long as short |
| Vest AMAT-USD-PERP | +0.0046% | 1h | 466.41 | −0.058% | — | — | 10x | as long as short |
| tradeXYZ xyz:AMAT | +0.0070% | 1h | 466.62 | −0.013% | $2.6M | $2.3M | 10x | as long as short |
| KuCoin AMATUSDTMshort | +0.0100% | 8h | 466.33 | −0.075% | $406K | $429K | 20x | |
| SunX AMAT-USDT | +0.0100% | 8h | 466.32 | −0.078% | $1K | $379K | 10x | as long as short |
| HTX AMAT-USDT | +0.0100% | 8h | 467.84 | +0.248% | $170K | $40K | 20x | as long as short |
Aster AMATUSDT
Bybit AMATUSDT
OKX AMAT-USDT-SWAP
Gate AMAT_USDT
Bitget AMATUSDT
Vest AMAT-USD-PERP
tradeXYZ xyz:AMAT
SunX AMAT-USDT
HTX AMAT-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AMAT | +0.0323% | 8h | 466.45 | −0.049% | $86K | $24K | — | as long as short |
| Phoenix AMAT | +0.0360% | 1h | 466.60 | −0.018% | $19K | $131K | 10x | as long as short |
| Extended AMAT-USD | +0.0424% | 1h | 466.46 | −0.047% | $5K | $27K | 10x | as long as short |
| Binance AMATUSDTlong | +0.0428% | 8h | 466.68 | long leg | $8.9M | $12.7M | 20x | |
| BloFin AMAT-USDT | +0.0434% | 8h | 466.68 | 0.000% | $109K | $80K | 20x | as long as short |
| GRVT AMAT_USDT_Perp | +0.0627% | 8h | 466.66 | −0.004% | $247 | $100K | 10x | as long as short |
Variational Omni AMAT
Phoenix AMAT
Extended AMAT-USD
BloFin AMAT-USDT
GRVT AMAT_USDT_Perp