Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.022%
Price spread now: Binance against KuCoin+0.040%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$268as in the Funding arb table
Net, price: spread back to 7d avg − costs−$247as in the Price arb table
costs, in and out, $10k−$2512.511% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now +0.040%, 7d avg +0.002%
=The price spread pays, funding is against you. Binance is 0.038% dearer against KuCoin than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of +0.002%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BEUSDTM | 272.70 | 0.0100 | pay 0.0100% / 8h | 2h 50m | $369K | $17K | 20x |
| Short | Binance BEUSDT | 272.81 | 0 | get 0.0000% / 8h | 2h 50m | $8.3M | $37.0M | 25x |
KuCoin BEUSDTM
Binance BEUSDTFunding 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
- −$21
- Price spread: +0.040% → +0.002%
- $3.82
- Slippage, 4 orders
- −$229.13
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$268.31
- Costs to cover
- 2.511%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; Binance: live order book, 6 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, 7 min ago | 18.73 bp | 142.1 bp −$142 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.18 bp | 9.2 bp −$9 | 28.4 bp −$284 | 84.8 bp −$8,478 | doesn't fit |
BE on 21 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 BEUSDT | 0.0000% | 8h | 272.66 | −0.013% | $343K | $120K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 272.69 | −0.002% | $47K | $258K | 10x | as long as short |
| Binance BEUSDTshort | 0.0000% | 8h | 272.81 | +0.040% | $8.3M | $37.0M | 25x | |
| Gate BE_USDT | 0.0000% | 8h | 272.60 | −0.037% | $1.4M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 272.82 | +0.044% | $1.6M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 272.63 | −0.025% | $6K | $162K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 272.88 | +0.066% | $969 | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 272.87 | +0.062% | $12K | $35K | 20x | as long as short |
| Bybit BEUSDT | +0.0015% | 8h | 272.91 | +0.077% | $2.0M | $1.1M | 25x | as long as short |
| QFEX BE-USD | +0.0024% | 1h | 272.70 | 0.000% | $1.3M | $2.5M | 10x | as long as short |
Aster BEUSDT
Extended BE-USD
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
Bybit BEUSDT
QFEX BE-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BE | +0.0032% | 1h | 272.51 | −0.070% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 272.68 | −0.007% | $249K | $290K | 10x | as long as short |
| OKX BE-USDT-SWAP | +0.0032% | 8h | 272.75 | +0.018% | $2.6M | $6.9M | 25x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 272.40 | −0.110% | $114K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 272.84 | +0.051% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 272.60 | −0.037% | $5.9M | $2.7M | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0056% | 1h | 271.77 | −0.341% | $475K | $136K | 10x | as long as short |
| KuCoin BEUSDTMlong | +0.0100% | 8h | 272.70 | long leg | $369K | $17K | 20x | |
| Aevo BE-PERP | +0.0104% | 1h | 272.74 | +0.014% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 272.76 | +0.022% | $45K | $144K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0484% | 1h | 272.76 | +0.022% | $6K | $4K | 10x | as long as short |
Lighter BE
Lighter RH BE
OKX BE-USDT-SWAP
Arcus BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
Coinbase International BE-PERP-INTX
Aevo BE-PERP
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL