Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.026%
Price spread now: KuCoin against Binance−0.124%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$188as in the Price arb table
costs, in and out, $10k−$1781.778% of the position
Funding, last 7 days+0.165%+$16 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now −0.124%, 7d avg −0.026%
=Funding pays, the price is against you. KuCoin is 0.098% cheaper against Binance than usual: you would sell low and buy high (spread −0.124% now, against its 7-day average of −0.026%). If the spread goes back, that is −$10 on $10k: about 3.3 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COINUSDT | 196.53 | 0 | get 0.0000% / 8h | 2h 49m | $14.7M | $80.7M | 20x |
| Short | KuCoin COINUSDTM | 196.29 | 0.0100 | get 0.0100% / 8h | 2h 49m | $989K | $143K | 20x |
Binance COINUSDT
KuCoin COINUSDTMFunding 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
- $21
- Price spread: −0.124% → −0.026%
- −$9.79
- Slippage, 4 orders
- −$155.81
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$166.59
- Costs to cover
- 1.778%
- Break-even
- 62.5 days
Slippage from Binance: live order book, 8 min ago; KuCoin: live order book, 35 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 | 0.25 bp | 7.7 bp −$8 | 13.4 bp −$134 | 50.9 bp −$5,090 | doesn't fit |
| Sell KuCoin live order book, 35 min ago | 13.50 bp | 76.2 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0730% | 8h | 196.62 | +0.044% | $6.3M | $10.5M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.41 | −0.063% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0217% | 8h | 196.56 | +0.014% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0113% | 1h | 195.85 | −0.348% | — | $281K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.41 | −0.065% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.46 | −0.039% | $114K | $857K | 10x | as long as short |
| Binance COINUSDTlong | 0.0000% | 8h | 196.53 | long leg | $14.7M | $80.7M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 196.51 | −0.012% | $4.7M | $6.1M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.53 | −0.002% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.56 | +0.014% | $703K | $955K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 196.39 | −0.073% | $23K | $2.5M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.52 | −0.007% | $383K | $2.1M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.48 | −0.027% | $453K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 196.47 | −0.032% | $1.3M | $3.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.54 | +0.004% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.37 | −0.083% | $15.3M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.38 | −0.078% | $132K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.46 | −0.037% | $74 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.36 | −0.088% | $351K | $2.8M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 196.30 | −0.119% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTMshort | +0.0100% | 8h | 196.29 | −0.124% | $989K | $143K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.26 | −0.139% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.51 | −0.012% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.53 | −0.001% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.60 | +0.034% | $188K | $394K | 20x | as long as short |
| edgeX COINUSDC | +0.0194% | 4h | 196.32 | −0.109% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC