Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.028%
Price spread now: Binance against KuCoin−0.014%7-day average +0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$695as in the Funding arb table
Net, price: spread back to 7d avg − costs−$688as in the Price arb table
costs, in and out, $10k−$6796.793% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.014%, 7d avg +0.073%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.086% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.073%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin GMEUSDTM | 23.550 | 0.0100 | pay 0.0100% / 8h | 1h 40m | $160K | $977K | 20x |
| Short | Binance GMEUSDT | 23.547 | 0 | get 0.0000% / 8h | 1h 40m | $1.1M | $5.3M | 20x |
KuCoin GMEUSDTM
Binance GMEUSDTFunding 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
- −$21
- Price spread: −0.014% → +0.073%
- −$8.64
- Slippage, 4 orders
- −$657.27
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$708.92
- Costs to cover
- 6.793%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 49 min ago; Binance: 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, 49 min ago | 6.35 bp | 298.2 bp −$298 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 2.12 bp | 14.0 bp −$14 | 42.8 bp −$428 | doesn't fit | doesn't fit |
GME 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:GME | −0.0510% | 1h | 23.552 | +0.008% | $3.6M | $2.7M | 10x | as long as short |
| Aster GMEUSDT | 0.0000% | 8h | 23.554 | +0.016% | $11K | $20K | 20x | as long as short |
| Binance GMEUSDTshort | 0.0000% | 8h | 23.547 | −0.014% | $1.1M | $5.3M | 20x | |
| OKX GME-USDT-SWAP | 0.0000% | 8h | 23.540 | −0.042% | $301K | $200K | 20x | as long as short |
| Gate GME_USDT | 0.0000% | 8h | 23.564 | +0.059% | $479K | $23K | 20x | as long as short |
| Bitget GMEUSDT | 0.0000% | 8h | 23.570 | +0.085% | $377K | $908K | 20x | as long as short |
| Variational Omni GME | 0.0000% | 8h | 23.541 | −0.039% | $216K | $253K | — | as long as short |
| SunX GME-USDT | 0.0000% | 8h | 23.550 | 0.000% | — | $2.4M | 10x | as long as short |
| HTX GME-USDT | 0.0000% | 8h | 23.590 | +0.170% | $12K | $10K | 10x | as long as short |
| Lighter GME | +0.0032% | 1h | 23.550 | 0.000% | — | — | 10x | as long as short |
tradeXYZ xyz:GME
Aster GMEUSDT
OKX GME-USDT-SWAP
Gate GME_USDT
Bitget GMEUSDT
Variational Omni GME
SunX GME-USDT
HTX GME-USDT
Lighter GMEShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus GME-USD | +0.0040% | 1h | 23.540 | −0.042% | $1K | $7K | 10x | as long as short |
| KuCoin GMEUSDTMlong | +0.0100% | 8h | 23.550 | long leg | $160K | $977K | 20x | |
| Injective GME/USDC PERP | +0.0220% | 1h | 23.800 | +1.062% | $3K | $26K | 5.5x | as long as short |
Arcus GME-USD
Injective GME/USDC PERP