Funding you earn now, next payment 04:00 UTC+0.0112%/8h= +12.3% APRnext payment +$0.56 per $10,000 · paid last 24h −0.055%
Price spread now: KuCoin against Binance+0.156%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$224as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$2082.081% of the position
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 4 days (all we have)−0.567%−$57 · spread now +0.156%, 7d avg −0.010%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.166% dearer against Binance than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.010%. Mind the row above: over the last 7 days funding on this pair cost −0.159%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HANMIUSDT | 178.42 | −0.1470 | get 0.0735% / 4h | 1h 29m | $111K | $1.4M | 20x |
| Short | KuCoin HANMIUSDTM | 178.70 | −0.1358 | pay 0.0679% / 4h | 1h 29m | $12K | $515K | 20x |
Binance HANMIUSDT
KuCoin HANMIUSDTMFunding 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
- $23.56
- Price spread: +0.156% → −0.010%
- $16.63
- Slippage, 4 orders
- −$186.09
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$167.91
- Costs to cover
- 2.081%
- Break-even
- 56.9 days
Slippage from Binance: live order book, 3 min ago; KuCoin: live order book, 68 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, 3 min ago | 4.48 bp | 47.1 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 68 min ago | 6.71 bp | 47.4 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
HANMI on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT HANMI_USDT_Perp | −0.2494% | 4h | 178.43 | +0.004% | $173 | $147K | 10x | as long as short |
| Binance HANMIUSDTlong | −0.1470% | 4h | 178.42 | long leg | $111K | $1.4M | 20x | |
| KuCoin HANMIUSDTMshort | −0.1358% | 4h | 178.70 | +0.156% | $12K | $515K | 20x | |
| Bitget HANMIUSDT | −0.1012% | 8h | 178.60 | +0.100% | $41K | $2.0M | 20x | as long as short |
| Bybit HANMIUSDT | 0.0000% | 8h | 178.99 | +0.318% | $36K | $67K | 25x | as long as short |
| OKX HANMI-USDT-SWAP | 0.0000% | 8h | 178.40 | −0.012% | $15K | $197K | 20x | as long as short |
| Gate HANMI_USDT | 0.0000% | 4h | 179.10 | +0.380% | $53K | $27K | 20x | as long as short |
| HTX HANMI-USDT | 0.0000% | 4h | 178.47 | +0.027% | $7K | $345K | 10x | as long as short |
| edgeX HANMIUSDC | +0.0392% | 4h | 178.52 | +0.055% | $18K | $260K | 10x | as long as short |
GRVT HANMI_USDT_Perp
Bitget HANMIUSDT
Bybit HANMIUSDT
OKX HANMI-USDT-SWAP
Gate HANMI_USDT
HTX HANMI-USDT
edgeX HANMIUSDC