Funding you earn now, next payment 00:00 UTC−0.0518%/8h= −56.7% APRnext payment −$5.18 per $10,000 · paid last 24h −0.141%
Price spread now: KuCoin against Binance+0.070%7-day average +0.166% · you sell dearer than you buy
Net, funding: paid 7d − costs−$319as in the Funding arb table
Net, price: spread back to 7d avg − costs−$282as in the Price arb table
costs, in and out, $10k−$2732.729% of the position
Funding, last 7 days−0.457%−$46 on $10k
+Price spread, last 2 days (all we have)+0.404%+$40 · spread now +0.070%, 7d avg +0.166%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and KuCoin is 0.096% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.166%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BNCUSDT | 6.5934 | 0.0618 | pay 0.0618% / 8h | 1h 04m | $15.4M | $36.5M | 10x |
| Short | KuCoin BNCUSDTM | 6.5980 | 0.0100 | get 0.0100% / 8h | 1h 04m | $56K | $3.0M | 20x |
Binance BNCUSDT
KuCoin BNCUSDTMFunding 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
- −$108.82
- Price spread: +0.070% → +0.166%
- −$9.57
- Slippage, 4 orders
- −$250.86
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$391.25
- Costs to cover
- 2.729%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; KuCoin: live order book, 3 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 | 1.52 bp | 23.4 bp −$23 | 66.9 bp −$669 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 15.92 bp | 99.4 bp −$99 | doesn't fit | doesn't fit | doesn't fit |
BNC 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX BNC-USD | −0.0018% | 1h | 6.5900 | −0.051% | $54K | $40K | 10x | as long as short |
| Bybit BNCUSDT | 0.0000% | 8h | 6.5920 | −0.021% | $589K | $2.4M | 25x | as long as short |
| Bitget BNCUSDT | 0.0000% | 8h | 6.6041 | +0.163% | $1.2M | $3.7M | 5x | as long as short |
| Bullet BNC-USD | 0.0000% | 1h | 6.5922 | −0.017% | $10K | $74K | 10x | as long as short |
| KuCoin BNCUSDTMshort | +0.0100% | 8h | 6.5980 | +0.070% | $56K | $3.0M | 20x | |
| Aster BNCUSD1 | +0.0125% | 8h | 6.5911 | −0.035% | $189K | $23K | 10x | as long as short |
| HTX BNC-USDT | +0.0130% | 8h | 6.5870 | −0.097% | $14K | $32K | 10x | as long as short |
| Variational Omni BNC | +0.0472% | 8h | 6.5841 | −0.141% | $87K | $74K | — | as long as short |
| Binance BNCUSDTlong | +0.0618% | 8h | 6.5934 | long leg | $15.4M | $36.5M | 10x |
QFEX BNC-USD
Bybit BNCUSDT
Bitget BNCUSDT
Bullet BNC-USD
Aster BNCUSD1
HTX BNC-USDT
Variational Omni BNC