Funding you earn now, next payment 00:00 UTC+0.0406%/8h= +44.5% APRnext payment +$4.06 per $10,000 · paid last 24h −0.030%
Price spread now: Binance against KuCoin+0.008%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,429as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,425as in the Price arb table
costs, in and out, $10k−$1,41614.162% of the position
Funding, last 7 days−0.131%−$13 on $10k
+Price spread, last 2 days (all we have)+0.119%+$12 · spread now +0.008%, 7d avg +0.094%
=Funding pays, the price is against you. Binance is 0.087% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.008% now, against its 7-day average of +0.094%). If the spread goes back, that is −$9 on $10k: about 17 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 7 days funding on this pair cost −0.131%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.131% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.06 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 COSTUSDTM | 898.40 | 0.0100 | pay 0.0100% / 8h | 17m 54s | $41K | $848K | 20x |
| Short | Binance COSTUSDT | 898.47 | 0.0506 | get 0.0506% / 8h | 17m 54s | $1.1M | $969K | 20x |
KuCoin COSTUSDTM
Binance COSTUSDTFunding 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
- $85.34
- Price spread: +0.008% → +0.094%
- −$8.67
- Slippage, 4 orders
- −$1,394.19
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,339.52
- Costs to cover
- 14.162%
- Break-even
- 116.9 days
Slippage from KuCoin: live order book, 46 min ago; Binance: live order book, 15 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, 46 min ago | 16.14 bp | 1114.3 bp −$1,114 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.95 bp | 9.7 bp −$10 | 58.2 bp −$582 | doesn't fit | doesn't fit |
COST on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster COSTUSDT | 0.0000% | 8h | 898.25 | −0.016% | $45K | $178 | 20x | as long as short |
| Bybit COSTUSDT | 0.0000% | 8h | 898.94 | +0.060% | $470K | $192K | 25x | as long as short |
| OKX COST-USDT-SWAP | 0.0000% | 8h | 899.58 | +0.131% | $443K | $140K | 10x | as long as short |
| Gate COST_USDT | 0.0000% | 8h | 899.10 | +0.078% | $523K | $26K | 25x | as long as short |
| Bitget COSTUSDT | 0.0000% | 8h | 898.63 | +0.026% | $398K | $124K | 25x | as long as short |
| SunX COST-USDT | 0.0000% | 8h | 898.20 | −0.022% | $2K | $3.3M | 10x | as long as short |
| HTX COST-USDT | 0.0000% | 8h | 899.98 | +0.176% | $10K | $42K | 10x | as long as short |
| QFEX COST-USD | +0.0029% | 1h | 898.40 | 0.000% | $1.1M | $3.2M | 10x | as long as short |
| Injective COST/USDC PERP | +0.0033% | 1h | 891.98 | −0.715% | $2K | $28K | 12x | as long as short |
| Extended COST-USD | +0.0040% | 1h | 898.25 | −0.017% | — | — | 10x | as long as short |
Aster COSTUSDT
Bybit COSTUSDT
OKX COST-USDT-SWAP
Gate COST_USDT
Bitget COSTUSDT
SunX COST-USDT
HTX COST-USDT
QFEX COST-USD
Injective COST/USDC PERP
Extended COST-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest COST-USD-PERP | +0.0046% | 1h | 897.97 | −0.048% | — | — | 25x | as long as short |
| tradeXYZ xyz:COST | +0.0050% | 1h | 898.27 | −0.014% | $1.8M | $526K | 20x | as long as short |
| KuCoin COSTUSDTMlong | +0.0100% | 8h | 898.40 | long leg | $41K | $848K | 20x | |
| Variational Omni COST | +0.0324% | 8h | 898.39 | −0.001% | $42K | $19K | — | as long as short |
| Binance COSTUSDTshort | +0.0506% | 8h | 898.47 | +0.008% | $1.1M | $969K | 20x |
Vest COST-USD-PERP
tradeXYZ xyz:COST
Variational Omni COST