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: Binance against KuCoin+0.151%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,509as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,503as 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)−0.072%−$7 · spread now +0.151%, 7d avg +0.088%
=The price spread pays, funding is against you. Binance is 0.063% dearer against KuCoin than usual: you sell high and buy low (spread +0.151% now, against its 7-day average of +0.088%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.004% in total) that is about 4 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HDUSDTM | 297.45 | 0.0100 | pay 0.0100% / 8h | 7h 53m | $116K | $462K | 20x |
| Short | Binance HDUSDT | 297.90 | 0 | get 0.0000% / 8h | 7h 53m | $343K | $372K | 20x |
KuCoin HDUSDTM
Binance HDUSDTFunding 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: +0.151% → +0.088%
- $6.28
- Slippage, 4 orders
- −$1,487
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,523.72
- Costs to cover
- 15.090%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 68 min ago; Binance: live order book, 53 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, 68 min ago | 29.92 bp | 845.7 bp −$846 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 53 min ago | 2.85 bp | 19.0 bp −$19 | 68.5 bp −$685 | 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 | +0.118% | $697 | $94K | 10x | as long as short |
| Aster HDUSDT | 0.0000% | 8h | 298.06 | +0.205% | $3K | $292 | 20x | as long as short |
| Binance HDUSDTshort | 0.0000% | 8h | 297.90 | +0.151% | $343K | $372K | 20x | |
| Bybit HDUSDT | 0.0000% | 8h | 298.17 | +0.242% | $58K | $2K | 25x | as long as short |
| Gate HD_USDT | 0.0000% | 8h | 297.60 | +0.050% | $128K | $2K | 20x | as long as short |
| Variational Omni HD | 0.0000% | 8h | 297.74 | +0.097% | $43K | $48K | — | as long as short |
| SunX HD-USDT | 0.0000% | 8h | 297.62 | +0.057% | $961 | $896K | 10x | as long as short |
| HTX HD-USDT | 0.0000% | 8h | 297.68 | +0.077% | $5K | $14K | 10x | as long as short |
| KuCoin HDUSDTMlong | +0.0100% | 8h | 297.45 | long leg | $116K | $462K | 20x |
GRVT HD_USDT_Perp
Aster HDUSDT
Bybit HDUSDT
Gate HD_USDT
Variational Omni HD
SunX HD-USDT
HTX HD-USDT