Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.061%
Price spread now: Phemex against KuCoin−0.115%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$565as in the Funding arb table
Net, price: spread back to 7d avg − costs−$540as in the Price arb table
costs, in and out, $10k−$5305.302% of the position
Funding, last 7 days−0.351%−$35 on $10k
+Price spread, last 3 days (all we have)+0.116%+$12 · spread now −0.115%, 7d avg −0.014%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.101% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HYUNDAIUSDTM | 269.07 | 0.0100 | pay 0.0050% / 4h | 1h 50m | $510K | $1.2M | 20x |
| Short | Phemex HYUNDAIUSDT | 268.76 | 0 | get 0.0000% / 8h | 5h 50m | $2.3M | $93K | 10x |
KuCoin HYUNDAIUSDTM
Phemex HYUNDAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: −0.115% → −0.014%
- −$10.15
- Slippage, 4 orders
- −$506.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$561.31
- Costs to cover
- 5.302%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Phemex: 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, 4 min ago | 3.53 bp | 158.8 bp −$159 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.98 bp | 48.7 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
HYUNDAI on 12 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 HYUNDAIUSDT | 0.0000% | 4h | 268.64 | −0.160% | $9K | $553 | 20x | as long as short |
| Binance HYUNDAIUSDT | 0.0000% | 4h | 268.73 | −0.126% | $1.7M | $1.3M | 25x | as long as short |
| Bybit HYUNDAIUSDT | 0.0000% | 8h | 268.97 | −0.037% | $150K | $62K | 25x | as long as short |
| OKX HYUNDAI-USDT-SWAP | 0.0000% | 8h | 268.89 | −0.067% | $133K | $110K | 25x | as long as short |
| Gate HYUNDAI_USDT | 0.0000% | 4h | 268.80 | −0.100% | $865K | $837K | 25x | as long as short |
| Bitget HYUNDAIUSDT | 0.0000% | 4h | 268.71 | −0.134% | $819K | $450K | 20x | as long as short |
| GRVT HYUNDAI_USDT_Perp | 0.0000% | 4h | 268.74 | −0.123% | $3K | $131K | 10x | as long as short |
| SunX HYUNDAI-USDT | 0.0000% | 4h | 268.80 | −0.100% | $938 | $714K | 10x | as long as short |
| HTX HYUNDAI-USDT | 0.0000% | 4h | 268.99 | −0.030% | $8K | $30K | 20x | as long as short |
| Phemex HYUNDAIUSDTshort | 0.0000% | 8h | 268.76 | −0.115% | $2.3M | $93K | 10x |
Aster HYUNDAIUSDT
Binance HYUNDAIUSDT
Bybit HYUNDAIUSDT
OKX HYUNDAI-USDT-SWAP
Gate HYUNDAI_USDT
Bitget HYUNDAIUSDT
GRVT HYUNDAI_USDT_Perp
SunX HYUNDAI-USDT
HTX HYUNDAI-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HYUNDAIUSDTMlong | +0.0100% | 4h | 269.07 | long leg | $510K | $1.2M | 20x | |
| tradeXYZ xyz:HYUNDAI | +0.0590% | 1h | 268.76 | −0.115% | $959K | $1.3M | 10x | as long as short |
tradeXYZ xyz:HYUNDAI