Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.028%
Price spread now: Binance against KuCoin+0.003%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$325as in the Funding arb table
Net, price: spread back to 7d avg − costs−$312as in the Price arb table
costs, in and out, $10k−$3063.056% of the position
Funding, last 7 days−0.195%−$20 on $10k
+Price spread, last 4 days (all we have)−1.431%−$143 · spread now +0.003%, 7d avg +0.069%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.066% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.069%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin INTWUSDTM | 33.250 | 0.0100 | pay 0.0100% / 8h | 5h 04m | $61K | $104K | 20x |
| Short | Binance INTWUSDT | 33.251 | 0 | get 0.0000% / 8h | 5h 04m | $3.1M | $33.7M | 25x |
KuCoin INTWUSDTM
Binance INTWUSDTFunding 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: +0.003% → +0.069%
- −$6.59
- Slippage, 4 orders
- −$283.62
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$333.21
- Costs to cover
- 3.056%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 9 min ago; Binance: live order book, 7 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, 9 min ago | 19.55 bp | 110.4 bp −$110 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.50 bp | 14.5 bp −$15 | 40.9 bp −$409 | 143.9 bp −$14.4K | doesn't fit |
INTW on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget INTWUSDT | −0.0330% | 8h | 33.217 | −0.099% | $389K | $1.6M | 20x | as long as short |
| Binance INTWUSDTshort | 0.0000% | 8h | 33.251 | +0.003% | $3.1M | $33.7M | 25x | |
| Bybit INTWUSDT | 0.0000% | 8h | 33.260 | +0.030% | $789K | $1.1M | 25x | as long as short |
| OKX INTW-USDT-SWAP | 0.0000% | 8h | 33.250 | 0.000% | $338K | $2.4M | 25x | as long as short |
| Gate INTW_USDT | 0.0000% | 8h | 33.250 | 0.000% | $526K | $2.1M | 25x | as long as short |
| MEXC INTW_USDT | 0.0000% | 8h | 33.220 | −0.090% | $1.4M | $413K | 50x | as long as short |
| HTX INTW-USDT | 0.0000% | 8h | 33.290 | +0.120% | $10K | $8K | 10x | as long as short |
| KuCoin INTWUSDTMlong | +0.0100% | 8h | 33.250 | long leg | $61K | $104K | 20x |
Bitget INTWUSDT
Bybit INTWUSDT
OKX INTW-USDT-SWAP
Gate INTW_USDT
MEXC INTW_USDT
HTX INTW-USDT