Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.071%
Price spread now: Binance against KuCoin−0.255%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$952as in the Funding arb table
Net, price: spread back to 7d avg − costs−$997as in the Price arb table
costs, in and out, $10k−$9799.794% of the position
Funding, last 7 days+0.277%+$28 on $10k
+Price spread, last 2 days (all we have)+0.098%+$10 · spread now −0.255%, 7d avg −0.078%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.177% cheaper against KuCoin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.078%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.277%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BSPUSDTM | 38.610 | 0.0100 | pay 0.0100% / 8h | 7h 43m | $50K | $225K | 20x |
| Short | Binance BSPUSDT | 38.511 | 0 | get 0.0000% / 8h | 7h 43m | $480K | $690K | 10x |
KuCoin BSPUSDTM
Binance BSPUSDTFunding 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: −0.255% → −0.078%
- −$17.7
- Slippage, 4 orders
- −$957.35
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,018.06
- Costs to cover
- 9.794%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 47 min ago; Binance: live order book, 18 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, 47 min ago | 25.91 bp | 236.5 bp −$236 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 18 min ago | 2.60 bp | 70.4 bp −$70 | 642.3 bp −$6,423 | doesn't fit | doesn't fit |
BSP on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance BSPUSDTshort | 0.0000% | 8h | 38.511 | −0.255% | $480K | $690K | 10x | |
| Bybit BSPUSDT | 0.0000% | 8h | 38.540 | −0.181% | $380K | $80K | 25x | as long as short |
| OKX BSP-USDT-SWAP | 0.0000% | 8h | 38.410 | −0.518% | $153K | $159K | 10x | as long as short |
| Gate BSP_USDT | 0.0000% | 8h | 38.500 | −0.285% | $251K | $249K | 25x | as long as short |
| Bitget BSPUSDT | 0.0000% | 8h | 38.513 | −0.251% | $100K | $64K | 20x | as long as short |
| KuCoin BSPUSDTMlong | +0.0100% | 8h | 38.610 | long leg | $50K | $225K | 20x | |
| HTX BSP-USDT | +0.0100% | 8h | 38.520 | −0.233% | $6K | $42K | 10x | as long as short |
Bybit BSPUSDT
OKX BSP-USDT-SWAP
Gate BSP_USDT
Bitget BSPUSDT
HTX BSP-USDT