Funding you earn now, next payment 08:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.43 per $10,000 · paid last 24h −0.042%
Price spread now: KuCoin against Binance−0.148%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1311.305% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.148%, 7d avg −0.096%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.052% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.096%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BABAUSDT | 118.46 | 0.0143 | pay 0.0143% / 8h | 3h 26m | $15.7M | $30.7M | 20x |
| Short | KuCoin BABAUSDTM | 118.29 | 0.0100 | get 0.0100% / 8h | 3h 26m | $616K | $459K | 20x |
Binance BABAUSDT
KuCoin BABAUSDTMFunding 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
- −$9.06
- Price spread: −0.148% → −0.096%
- −$5.16
- Slippage, 4 orders
- −$108.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$144.76
- Costs to cover
- 1.305%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 47 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, 15 min ago | 0.42 bp | 8.3 bp −$8 | 16.5 bp −$165 | 76.8 bp −$7,681 | doesn't fit |
| Sell KuCoin live order book, 47 min ago | 19.45 bp | 42.4 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
BABA on 22 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 BABAUSDT | 0.0000% | 8h | 118.38 | −0.068% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.48 | +0.013% | $2.1M | $704K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.46 | −0.004% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.46 | −0.004% | $739 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.48 | +0.013% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0022% | 8h | 118.50 | +0.028% | $3K | $193K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.54 | +0.064% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.45 | −0.012% | $438K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.216% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.42 | −0.038% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.49 | +0.021% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.39 | −0.063% | $12.0M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.40 | −0.055% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.30 | −0.139% | $238K | $406K | 10x | as long as short |
| QFEX BABA-USD | +0.0056% | 1h | 118.43 | −0.029% | $1.2M | $3.8M | 10x | as long as short |
| Variational Omni BABA | +0.0066% | 8h | 118.51 | +0.042% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTMshort | +0.0100% | 8h | 118.29 | −0.148% | $616K | $459K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.47 | +0.004% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDTlong | +0.0143% | 8h | 118.46 | long leg | $15.7M | $30.7M | 20x | |
| Extended BABA_24_5-USD | +0.0144% | 1h | 118.43 | −0.027% | $43K | $354K | 10x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.43 | −0.029% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0306% | 8h | 118.45 | −0.012% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT