Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Phemex−0.215%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,030as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,075as in the Price arb table
costs, in and out, $10k−$1,06510.649% of the position
Funding, last 7 days+0.354%+$35 on $10k
+Price spread, last 4 days (all we have)−0.098%−$10 · spread now −0.215%, 7d avg −0.110%
=Funding pays, the price is against you. KuCoin is 0.105% cheaper against Phemex than usual: you would sell low and buy high (spread −0.215% now, against its 7-day average of −0.110%). If the spread goes back, that is −$10 on $10k: about 3.5 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 | Phemex CSCOUSDT | 111.71 | 0 | get 0.0000% / 8h | 1h 25m | $1.3M | $40K | 10x |
| Short | KuCoin CSCOUSDTM | 111.47 | 0.0100 | get 0.0100% / 8h | 1h 25m | $328K | $843K | 20x |
Phemex CSCOUSDT
KuCoin CSCOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Phemex. 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: −0.215% → −0.110%
- −$10.49
- Slippage, 4 orders
- −$1,040.9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,054.39
- Costs to cover
- 10.649%
- Break-even
- 358.5 days
Slippage from Phemex: live order book, 3 min ago; KuCoin: live order book, 39 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 Phemex live order book, 3 min ago | 1.79 bp | 43.5 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 39 min ago | 22.38 bp | 281.2 bp −$281 | doesn't fit | doesn't fit | doesn't fit |
CSCO on 13 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 CSCOUSDT | 0.0000% | 8h | 111.69 | −0.022% | $4K | $6K | 20x | as long as short |
| Binance CSCOUSDT | 0.0000% | 8h | 111.71 | +0.002% | $739K | $509K | 20x | as long as short |
| Bybit CSCOUSDT | 0.0000% | 8h | 111.68 | −0.027% | $411K | $32K | 25x | as long as short |
| OKX CSCO-USDT-SWAP | 0.0000% | 8h | 111.61 | −0.090% | $270K | $159K | 20x | as long as short |
| Gate CSCO_USDT | 0.0000% | 8h | 111.61 | −0.090% | $305K | $9K | 25x | as long as short |
| Bitget CSCOUSDT | 0.0000% | 8h | 111.70 | −0.009% | $321K | $85K | 20x | as long as short |
| Variational Omni CSCO | 0.0000% | 8h | 111.70 | −0.009% | $39K | $40K | — | as long as short |
| GRVT CSCO_USDT_Perp | 0.0000% | 8h | 111.70 | −0.007% | $475 | $171K | 10x | as long as short |
| SunX CSCO-USDT | 0.0000% | 8h | 111.70 | −0.009% | $1K | $1.4M | 10x | as long as short |
| HTX CSCO-USDT | 0.0000% | 8h | 111.82 | +0.098% | $6K | $3K | 10x | as long as short |
Aster CSCOUSDT
Binance CSCOUSDT
Bybit CSCOUSDT
OKX CSCO-USDT-SWAP
Gate CSCO_USDT
Bitget CSCOUSDT
Variational Omni CSCO
GRVT CSCO_USDT_Perp
SunX CSCO-USDT
HTX CSCO-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex CSCOUSDTlong | 0.0000% | 8h | 111.71 | long leg | $1.3M | $40K | 10x | |
| KuCoin CSCOUSDTMshort | +0.0100% | 8h | 111.47 | −0.215% | $328K | $843K | 20x | |
| Extended CSCO_24_5-USD | +0.0104% | 1h | 111.52 | −0.170% | $233K | $2K | 10x | as long as short |
Extended CSCO_24_5-USD