Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.002%
Price spread now: tradeXYZ against KuCoin+0.112%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1641.639% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 7 days−0.023%−$2 · spread now +0.112%, 7d avg −0.042%
=Together, before fees−0.043%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.154% dearer against KuCoin than usual: you sell high and buy low (spread +0.112% now, against its 7-day average of −0.042%): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.020% in total) that is about 53 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COINUSDTM | 196.25 | 0.0100 | pay 0.0100% / 8h | 2h 07m | $989K | $143K | 20x |
| Short | tradeXYZ xyz:COIN | 196.47 | 0.0050 | get 0.0006% / 1h | 7m 16s | $15.3M | $13.8M | 10x |
KuCoin COINUSDTM
tradeXYZ xyz:COINFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$10.5
- Price spread: +0.112% → −0.042%
- $15.37
- Slippage, 4 orders
- −$133.92
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$159.05
- Costs to cover
- 1.639%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 12 min ago; tradeXYZ: live order book, 12 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, 12 min ago | 18.42 bp | 104.0 bp −$104 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 12 min ago | 0.26 bp | 12.1 bp −$12 | 17.9 bp −$179 | 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 | −0.0768% | 8h | 196.70 | +0.229% | $6.4M | $10.7M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.49 | +0.122% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0110% | 1h | 195.96 | −0.148% | — | $289K | 25x | as long as short |
| Gate COIN_USDT | −0.0077% | 8h | 196.62 | +0.189% | $1.2M | $7.4M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.40 | +0.078% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.54 | +0.147% | $112K | $854K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.57 | +0.163% | $15.1M | $82.6M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.57 | +0.163% | $4.7M | $6.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.57 | +0.163% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.45 | +0.100% | $713K | $961K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Gate COIN_USDT
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
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 | 196.51 | +0.134% | $11K | $2.6M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.49 | +0.122% | $458K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 196.50 | +0.127% | $1.3M | $3.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.48 | +0.117% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COINshort | +0.0050% | 1h | 196.47 | +0.112% | $15.3M | $13.8M | 10x | |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.44 | +0.097% | $128K | $1.4M | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.32 | +0.036% | $450K | $2.9M | 10x | as long as short |
| SoDEX COIN-USD | +0.0062% | 1h | 196.51 | +0.132% | $90 | $3K | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 196.47 | +0.112% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTMlong | +0.0100% | 8h | 196.25 | long leg | $989K | $143K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.38 | +0.066% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.54 | +0.148% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.55 | +0.153% | $116 | — | 10x | as long as short |
| Lighter COIN | +0.0112% | 1h | 196.49 | +0.124% | $380K | $2.3M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.57 | +0.163% | $186K | $422K | 20x | as long as short |
| edgeX COINUSDC | +0.0687% | 4h | 196.40 | +0.077% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Polymarket Perps COIN-USD
Ondo Perps COIN-USD.P
SoDEX COIN-USD
Phoenix COIN
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Lighter COIN
BloFin COIN-USDT
edgeX COINUSDC