Funding you earn now, next payment 08:00 UTC+0.0450%/8h= +49.3% APRnext payment +$2.25 per $10,000 · paid last 24h +0.038%
Price spread now: Binance against KuCoin+0.091%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$287as in the Funding arb table
Net, price: spread back to 7d avg − costs−$296as in the Price arb table
costs, in and out, $10k−$3043.036% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.091%, 7d avg +0.011%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Binance is 0.080% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.011%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.168% in total (about 8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.25 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 HANMIUSDTM | 175.15 | −0.1192 | get 0.0596% / 4h | 37m 24s | $10K | $471K | 20x |
| Short | Binance HANMIUSDT | 175.31 | −0.0742 | pay 0.0371% / 4h | 37m 24s | $95K | $1.4M | 20x |
KuCoin HANMIUSDTM
Binance HANMIUSDTFunding 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
- $94.6
- Price spread: +0.091% → +0.011%
- $8.01
- Slippage, 4 orders
- −$281.65
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$201.04
- Costs to cover
- 3.036%
- Break-even
- 21.9 days
Slippage from KuCoin: live order book, 66 min ago; Binance: live order book, 10 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, 66 min ago | 7.40 bp | 138.5 bp −$139 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 6.27 bp | 65.5 bp −$66 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget HANMIUSDT | −0.2695% | 8h | 175.41 | +0.148% | $35K | $2.0M | 20x | as long as short |
| GRVT HANMI_USDT_Perp | −0.1332% | 4h | 175.35 | +0.114% | $330 | $147K | 10x | as long as short |
| KuCoin HANMIUSDTMlong | −0.1192% | 4h | 175.15 | long leg | $10K | $471K | 20x | |
| Binance HANMIUSDTshort | −0.0742% | 4h | 175.31 | +0.091% | $95K | $1.4M | 20x | |
| OKX HANMI-USDT-SWAP | −0.0506% | 8h | 175.01 | −0.080% | $18K | $212K | 20x | as long as short |
| edgeX HANMIUSDC | −0.0281% | 4h | 175.19 | +0.022% | $18K | $260K | 10x | as long as short |
| Bybit HANMIUSDT | 0.0000% | 8h | 175.20 | +0.029% | $35K | $67K | 25x | as long as short |
| Gate HANMI_USDT | 0.0000% | 4h | 175.36 | +0.120% | $52K | $28K | 20x | as long as short |
| HTX HANMI-USDT | 0.0000% | 4h | 175.18 | +0.017% | $7K | $361K | 10x | as long as short |
Bitget HANMIUSDT
GRVT HANMI_USDT_Perp
OKX HANMI-USDT-SWAP
edgeX HANMIUSDC
Bybit HANMIUSDT
Gate HANMI_USDT
HTX HANMI-USDT