Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.061%
Price spread now: KuCoin against Phemex−0.138%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$434as in the Funding arb table
Net, price: spread back to 7d avg − costs−$484as in the Price arb table
costs, in and out, $10k−$4694.690% of the position
Funding, last 7 days+0.351%+$35 on $10k
+Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.138%, 7d avg +0.015%
=Funding pays, the price is against you. KuCoin is 0.153% cheaper against Phemex than usual: you would sell low and buy high (spread −0.138% now, against its 7-day average of +0.015%). If the spread goes back, that is −$15 on $10k: about 5.1 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HYUNDAIUSDT | 268.53 | 0 | get 0.0000% / 8h | 4h 05m | $2.3M | $108K | 10x |
| Short | KuCoin HYUNDAIUSDTM | 268.16 | 0.0100 | get 0.0050% / 4h | 5m 34s | $348K | $1.3M | 20x |
Phemex HYUNDAIUSDT
KuCoin HYUNDAIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Phemex. 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: −0.138% → +0.015%
- −$15.3
- Slippage, 4 orders
- −$444.98
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$463.28
- Costs to cover
- 4.690%
- Break-even
- 161.4 days
Slippage from Phemex: live order book, 3 min ago; KuCoin: 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 Phemex live order book, 3 min ago | 2.42 bp | 51.7 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 0.56 bp | 205.5 bp −$206 | 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 | 268.16 | −0.136% | $10K | $1K | 20x | as long as short |
| Binance HYUNDAIUSDT | 0.0000% | 4h | 268.47 | −0.023% | $1.8M | $1.5M | 25x | as long as short |
| Gate HYUNDAI_USDT | 0.0000% | 4h | 268.80 | +0.101% | $864K | $878K | 25x | as long as short |
| Bitget HYUNDAIUSDT | 0.0000% | 4h | 268.76 | +0.086% | $828K | $626K | 20x | as long as short |
| SunX HYUNDAI-USDT | 0.0000% | 4h | 268.47 | −0.022% | $1K | $718K | 10x | as long as short |
| HTX HYUNDAI-USDT | 0.0000% | 4h | 268.85 | +0.119% | $7K | $31K | 20x | as long as short |
| Phemex HYUNDAIUSDTlong | 0.0000% | 8h | 268.53 | long leg | $2.3M | $108K | 10x | |
| KuCoin HYUNDAIUSDTMshort | +0.0100% | 4h | 268.16 | −0.138% | $348K | $1.3M | 20x | |
| Bybit HYUNDAIUSDT | +0.0103% | 8h | 268.82 | +0.108% | $151K | $74K | 25x | as long as short |
| OKX HYUNDAI-USDT-SWAP | +0.0123% | 8h | 268.60 | +0.026% | $136K | $129K | 25x | as long as short |
Aster HYUNDAIUSDT
Binance HYUNDAIUSDT
Gate HYUNDAI_USDT
Bitget HYUNDAIUSDT
SunX HYUNDAI-USDT
HTX HYUNDAI-USDT
Bybit HYUNDAIUSDT
OKX HYUNDAI-USDT-SWAPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HYUNDAI_USDT_Perp | +0.0168% | 4h | 268.58 | +0.020% | $2K | $137K | 10x | as long as short |
| tradeXYZ xyz:HYUNDAI | +0.0635% | 1h | 268.61 | +0.030% | $957K | $1.4M | 10x | as long as short |
GRVT HYUNDAI_USDT_Perp
tradeXYZ xyz:HYUNDAI