Funding you earn now, next payment 08:00 UTC−0.0148%/8h= −16.2% APRnext payment −$1.48 per $10,000 · paid last 24h +0.114%
Price spread now: KuCoin against Binance−0.005%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$915as in the Funding arb table
Net, price: spread back to 7d avg − costs−$968as in the Price arb table
costs, in and out, $10k−$9629.618% of the position
Funding, last 7 days+0.463%+$46 on $10k
+Price spread, last 2 days (all we have)+0.022%+$2 · spread now −0.005%, 7d avg +0.052%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.057% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.052%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.463%, 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 | Binance DKNGUSDT | 22.091 | 0.0555 | pay 0.0555% / 8h | 4h 16m | $285K | $638K | 20x |
| Short | KuCoin DKNGUSDTM | 22.090 | 0.0407 | get 0.0407% / 8h | 4h 16m | $90K | $386K | 20x |
Binance DKNGUSDT
KuCoin DKNGUSDTMFunding 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
- −$31.08
- Price spread: −0.005% → +0.052%
- −$5.74
- Slippage, 4 orders
- −$939.81
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$998.63
- Costs to cover
- 9.618%
- Break-even
- never at this rate
Slippage from Binance: live order book, 45 min ago; KuCoin: live order book, 65 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, 45 min ago | 4.52 bp | 33.0 bp −$33 | 132.5 bp −$1,325 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 65 min ago | 6.80 bp | 322.2 bp −$322 | doesn't fit | doesn't fit | doesn't fit |
DKNG on 12 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 DKNGUSDT | 0.0000% | 8h | 22.089 | −0.012% | $1K | $11K | 20x | as long as short |
| Bybit DKNGUSDT | 0.0000% | 8h | 22.070 | −0.096% | $81K | $67K | 25x | as long as short |
| Gate DKNG_USDT | 0.0000% | 8h | 22.108 | +0.076% | $110K | $7K | 20x | as long as short |
| Bitget DKNGUSDT | 0.0000% | 8h | 22.046 | −0.204% | $125K | $68K | 20x | as long as short |
| SunX DKNG-USDT | 0.0000% | 8h | 22.080 | −0.051% | $1K | $692K | 10x | as long as short |
| HTX DKNG-USDT | 0.0000% | 8h | 22.080 | −0.051% | $6K | $4K | 10x | as long as short |
| Injective DKNG/USDC PERP | +0.0033% | 1h | 21.990 | −0.458% | $707 | $6K | 12x | as long as short |
| OKX DKNG-USDT-SWAP | +0.0099% | 8h | 22.030 | −0.277% | $113K | $114K | 20x | as long as short |
| KuCoin DKNGUSDTMshort | +0.0407% | 8h | 22.090 | −0.005% | $90K | $386K | 20x | |
| Variational Omni DKNG | +0.0502% | 8h | 22.086 | −0.023% | $78K | $51K | — | as long as short |
Aster DKNGUSDT
Bybit DKNGUSDT
Gate DKNG_USDT
Bitget DKNGUSDT
SunX DKNG-USDT
HTX DKNG-USDT
Injective DKNG/USDC PERP
OKX DKNG-USDT-SWAP
Variational Omni DKNGShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:DKNG | +0.0524% | 1h | 22.108 | +0.076% | $1.8M | $2.1M | 10x | as long as short |
| Binance DKNGUSDTlong | +0.0555% | 8h | 22.091 | long leg | $285K | $638K | 20x |
tradeXYZ xyz:DKNG