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: KuCoin against Binance−0.031%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$375as in the Funding arb table
Net, price: spread back to 7d avg − costs−$391as in the Price arb table
costs, in and out, $10k−$3963.956% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 2 days (all we have)−0.423%−$42 · spread now −0.031%, 7d avg −0.072%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.042% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MARAUSDT | 13.090 | 0 | get 0.0000% / 8h | 1h 29m | $175K | $478K | 20x |
| Short | KuCoin MARAUSDTM | 13.086 | 0.0100 | get 0.0100% / 8h | 1h 29m | $30K | $2.9M | 20x |
Binance MARAUSDT
KuCoin MARAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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: −0.031% → −0.072%
- $4.18
- Slippage, 4 orders
- −$373.63
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$370.44
- Costs to cover
- 3.956%
- Break-even
- 130.5 days
Slippage from Binance: live order book, 63 min ago; KuCoin: live order book, 8 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 Binance live order book, 63 min ago | 7.66 bp | 22.5 bp −$22 | 123.8 bp −$1,238 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 4.20 bp | 176.7 bp −$177 | doesn't fit | doesn't fit | doesn't fit |
MARA 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MARAUSDC | −0.0627% | 4h | 13.096 | +0.044% | $15K | $314K | 10x | as long as short |
| Bitget MARAUSDT | −0.0214% | 8h | 13.071 | −0.145% | $97K | $2.9M | 20x | as long as short |
| Binance MARAUSDTlong | 0.0000% | 8h | 13.090 | long leg | $175K | $478K | 20x | |
| Bybit MARAUSDT | 0.0000% | 8h | 13.090 | 0.000% | $257K | $137K | 25x | as long as short |
| OKX MARA-USDT-SWAP | 0.0000% | 8h | 13.100 | +0.076% | $60K | $186K | 20x | as long as short |
| Gate MARA_USDT | 0.0000% | 8h | 13.103 | +0.099% | $30K | $14K | 20x | as long as short |
| HTX MARA-USDT | 0.0000% | 8h | 13.080 | −0.076% | $5K | $262K | 20x | as long as short |
| Phemex MARAUSDT | 0.0000% | 8h | 13.080 | −0.076% | $374K | $38K | 20x | as long as short |
| Extended MARA-USD | +0.0040% | 1h | 13.321 | +1.765% | $1K | — | 5x | as long as short |
| KuCoin MARAUSDTMshort | +0.0100% | 8h | 13.086 | −0.031% | $30K | $2.9M | 20x |
edgeX MARAUSDC
Bitget MARAUSDT
Bybit MARAUSDT
OKX MARA-USDT-SWAP
Gate MARA_USDT
HTX MARA-USDT
Phemex MARAUSDT
Extended MARA-USD