Funding you earn now, next payment 08:00 UTC−0.0361%/8h= −39.5% APRnext payment −$3.61 per $10,000 · paid last 24h −0.030%
Price spread now: Binance against KuCoin−0.014%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$672as in the Funding arb table
Net, price: spread back to 7d avg − costs−$682as in the Price arb table
costs, in and out, $10k−$6866.858% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.014%, 7d avg −0.054%
=The price spread pays, funding is against you. Binance is 0.040% dearer against KuCoin than usual: you sell high and buy low (spread −0.014% now, against its 7-day average of −0.054%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.133%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.133% in total (about 6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.61 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 HPEUSDTM | 61.620 | 0.0361 | pay 0.0361% / 8h | 2h 49m | $229K | $433K | 20x |
| Short | Binance HPEUSDT | 61.611 | 0 | get 0.0000% / 8h | 2h 49m | $468K | $4.5M | 20x |
KuCoin HPEUSDTM
Binance HPEUSDTFunding 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
- −$75.81
- Price spread: −0.014% → −0.054%
- $3.97
- Slippage, 4 orders
- −$663.76
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$757.59
- Costs to cover
- 6.858%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 8 min ago; Binance: live order book, 3 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, 8 min ago | 13.80 bp | 251.2 bp −$251 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.62 bp | 19.4 bp −$19 | 66.1 bp −$661 | doesn't fit | doesn't fit |
HPE on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HPEUSDT | 0.0000% | 8h | 61.571 | −0.079% | $830 | $146 | 20x | as long as short |
| Binance HPEUSDTshort | 0.0000% | 8h | 61.611 | −0.014% | $468K | $4.5M | 20x | |
| Bybit HPEUSDT | 0.0000% | 8h | 61.560 | −0.097% | $319K | $193K | 25x | as long as short |
| OKX HPE-USDT-SWAP | 0.0000% | 8h | 61.540 | −0.130% | $203K | $371K | 20x | as long as short |
| Gate HPE_USDT | 0.0000% | 8h | 61.570 | −0.081% | $159K | $36K | 20x | as long as short |
| Bitget HPEUSDT | 0.0000% | 8h | 61.560 | −0.097% | $952K | $358K | 20x | as long as short |
| Variational Omni HPE | 0.0000% | 8h | 61.599 | −0.034% | $36K | $258K | — | as long as short |
| SunX HPE-USDT | 0.0000% | 8h | 61.530 | −0.146% | $739 | $288K | 10x | as long as short |
| HTX HPE-USDT | 0.0000% | 8h | 61.540 | −0.130% | $8K | $1K | 10x | as long as short |
| KuCoin HPEUSDTMlong | +0.0361% | 8h | 61.620 | long leg | $229K | $433K | 20x |
Aster HPEUSDT
Bybit HPEUSDT
OKX HPE-USDT-SWAP
Gate HPE_USDT
Bitget HPEUSDT
Variational Omni HPE
SunX HPE-USDT
HTX HPE-USDT