Funding you earn now, next payment 16:00 UTC+0.0310%/8h= +34.0% APRnext payment +$3.10 per $10,000 · paid last 24h +0.067%
Price spread now: Binance against KuCoin−0.026%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$595as in the Funding arb table
Net, price: spread back to 7d avg − costs−$605as in the Price arb table
costs, in and out, $10k−$5985.981% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 7 days−0.025%−$3 · spread now −0.026%, 7d avg +0.044%
=Funding pays, the price is against you. Binance is 0.069% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.044%). If the spread goes back, that is −$7 on $10k: about 18 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.034% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.10 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BRKBUSDTM | 504.27 | 0.0100 | pay 0.0100% / 8h | 5h 49m | $47K | $1.5M | 20x |
| Short | Binance BRKBUSDT | 504.14 | 0.0410 | get 0.0410% / 8h | 5h 49m | $2.6M | $1.5M | 20x |
KuCoin BRKBUSDTM
Binance BRKBUSDTFunding 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
- $65.17
- Price spread: −0.026% → +0.044%
- −$6.95
- Slippage, 4 orders
- −$576.09
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$539.87
- Costs to cover
- 5.981%
- Break-even
- 65.0 days
Slippage from KuCoin: live order book, 4 min ago; Binance: live order book, 9 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, 4 min ago | 25.79 bp | 351.6 bp −$352 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.10 bp | 12.2 bp −$12 | 51.7 bp −$517 | doesn't fit | doesn't fit |
BRKB on 14 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX BRKBUSDC | −0.0317% | 4h | 503.93 | −0.067% | $26K | $247K | 10x | as long as short |
| QFEX BRK.B-USD | 0.0000% | 1h | 503.08 | −0.236% | $1.1M | $2.8M | 10x | as long as short |
| Aster BRKBUSDT | 0.0000% | 8h | 504.32 | +0.011% | $298K | $30K | 20x | as long as short |
| Bybit BRKBUSDT | 0.0000% | 8h | 504.08 | −0.038% | $98K | $41K | 25x | as long as short |
| Gate BRKB_USDT | 0.0000% | 8h | 504.40 | +0.026% | $541K | $33K | 20x | as long as short |
| SunX BRKB-USDT | 0.0000% | 8h | 503.94 | −0.065% | $1K | $1.1M | 10x | as long as short |
| HTX BRKB-USDT | 0.0000% | 8h | 504.29 | +0.004% | $7K | $40K | 20x | as long as short |
| Phemex BRKBUSDT | 0.0000% | 8h | 504.14 | −0.026% | $1.3M | $62K | 10x | as long as short |
| Bitget BRKBUSDT | +0.0015% | 8h | 504.23 | −0.008% | $396K | $65K | 20x | as long as short |
| KuCoin BRKBUSDTMlong | +0.0100% | 8h | 504.27 | long leg | $47K | $1.5M | 20x |
edgeX BRKBUSDC
QFEX BRK.B-USD
Aster BRKBUSDT
Bybit BRKBUSDT
Gate BRKB_USDT
SunX BRKB-USDT
HTX BRKB-USDT
Phemex BRKBUSDT
Bitget BRKBUSDTShow all 14 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BRKB | +0.0202% | 8h | 503.97 | −0.059% | $426K | $21K | — | as long as short |
| OKX BRKB-USDT-SWAP | +0.0269% | 8h | 504.66 | +0.077% | $487K | $148K | 20x | as long as short |
| Binance BRKBUSDTshort | +0.0410% | 8h | 504.14 | −0.026% | $2.6M | $1.5M | 20x | |
| GRVT BRKB_USDT_Perp | +0.0886% | 8h | 503.89 | −0.075% | $3K | $247K | 10x | as long as short |
Variational Omni BRKB
OKX BRKB-USDT-SWAP
GRVT BRKB_USDT_Perp