Funding you earn now, next payment 00:00 UTC+0.0716%/8h= +78.4% APRnext payment +$7.16 per $10,000 · paid last 24h +0.141%
Price spread now: Binance against KuCoin−0.104%7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costs−$283as in the Funding arb table
Net, price: spread back to 7d avg − costs−$322as in the Price arb table
costs, in and out, $10k−$3283.283% of the position
Funding, last 7 days+0.457%+$46 on $10k
+Price spread, last 2 days (all we have)−0.290%−$29 · spread now −0.104%, 7d avg −0.164%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Binance is 0.060% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.164%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.457% in total (about 23.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.16 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 | KuCoin BNCUSDTM | 6.6310 | 0.0100 | pay 0.0100% / 8h | 19m 38s | $56K | $3.0M | 20x |
| Short | Binance BNCUSDT | 6.6241 | 0.0816 | get 0.0816% / 8h | 19m 38s | $15.5M | $36.7M | 10x |
KuCoin BNCUSDTM
Binance BNCUSDTFunding 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
- $150.43
- Price spread: −0.104% → −0.164%
- $6.05
- Slippage, 4 orders
- −$306.34
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$171.86
- Costs to cover
- 3.283%
- Break-even
- 15.0 days
Slippage from KuCoin: live order book, 3 min ago; Binance: live order book, 7 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 | 15.81 bp | 126.1 bp −$126 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.51 bp | 18.8 bp −$19 | 62.9 bp −$629 | 432.7 bp −$43.3K | 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 | −0.0019% | 1h | 6.6200 | −0.166% | $54K | $40K | 10x | as long as short |
| Bybit BNCUSDT | 0.0000% | 8h | 6.6250 | −0.090% | $587K | $2.4M | 25x | as long as short |
| Bitget BNCUSDT | 0.0000% | 8h | 6.6376 | +0.100% | $1.2M | $3.6M | 5x | as long as short |
| Bullet BNC-USD | 0.0000% | 1h | 6.6229 | −0.122% | $10K | $74K | 10x | as long as short |
| KuCoin BNCUSDTMlong | +0.0100% | 8h | 6.6310 | long leg | $56K | $3.0M | 20x | |
| HTX BNC-USDT | +0.0268% | 8h | 6.6240 | −0.106% | $14K | $32K | 10x | as long as short |
| Aster BNCUSD1 | +0.0289% | 8h | 6.6119 | −0.289% | $190K | $23K | 10x | as long as short |
| Variational Omni BNC | +0.0646% | 8h | 6.6211 | −0.149% | $87K | $74K | — | as long as short |
| Binance BNCUSDTshort | +0.0816% | 8h | 6.6241 | −0.104% | $15.5M | $36.7M | 10x |
QFEX BNC-USD
Bybit BNCUSDT
Bitget BNCUSDT
Bullet BNC-USD
HTX BNC-USDT
Aster BNCUSD1
Variational Omni BNC