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 Binance−0.165%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,509as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,517as in the Price arb table
costs, in and out, $10k−$1,50915.090% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 2 days (all we have)+0.086%+$9 · spread now −0.165%, 7d avg −0.088%
=Funding pays, the price is against you. KuCoin is 0.077% cheaper against Binance than usual: you would sell low and buy high (spread −0.165% now, against its 7-day average of −0.088%). If the spread goes back, that is −$8 on $10k: about 2.6 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.004% in total) that is about 5 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HDUSDT | 297.78 | 0 | get 0.0000% / 8h | 7h 53m | $343K | $372K | 20x |
| Short | KuCoin HDUSDTM | 297.29 | 0.0100 | get 0.0100% / 8h | 7h 53m | $115K | $463K | 20x |
Binance HDUSDT
KuCoin HDUSDTMFunding 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
- $21
- Price spread: −0.165% → −0.088%
- −$7.65
- Slippage, 4 orders
- −$1,487
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,495.65
- Costs to cover
- 15.090%
- Break-even
- 505.6 days
Slippage from Binance: live order book, 53 min ago; KuCoin: live order book, 69 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, 53 min ago | 2.85 bp | 22.1 bp −$22 | 76.0 bp −$760 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 69 min ago | 29.92 bp | 622.2 bp −$622 | doesn't fit | doesn't fit | doesn't fit |
HD 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 HD_USDT_Perp | −0.0630% | 8h | 297.80 | +0.006% | $697 | $94K | 10x | as long as short |
| Aster HDUSDT | 0.0000% | 8h | 298.06 | +0.094% | $3K | $292 | 20x | as long as short |
| Binance HDUSDTlong | 0.0000% | 8h | 297.78 | long leg | $343K | $372K | 20x | |
| Bybit HDUSDT | 0.0000% | 8h | 297.98 | +0.067% | $58K | $2K | 25x | as long as short |
| Gate HD_USDT | 0.0000% | 8h | 297.50 | −0.094% | $128K | $2K | 20x | as long as short |
| Variational Omni HD | 0.0000% | 8h | 297.74 | −0.014% | $43K | $48K | — | as long as short |
| SunX HD-USDT | 0.0000% | 8h | 297.63 | −0.051% | $961 | $896K | 10x | as long as short |
| HTX HD-USDT | 0.0000% | 8h | 297.25 | −0.178% | $5K | $14K | 10x | as long as short |
| KuCoin HDUSDTMshort | +0.0100% | 8h | 297.29 | −0.165% | $115K | $463K | 20x |
GRVT HD_USDT_Perp
Aster HDUSDT
Bybit HDUSDT
Gate HD_USDT
Variational Omni HD
SunX HD-USDT
HTX HD-USDT