Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.002%
Price spread now: Binance against KuCoin−0.061%7-day average +0.138% · you buy dearer than you sell
Net, funding: paid 7d − costs−$707as in the Funding arb table
Net, price: spread back to 7d avg − costs−$709as in the Price arb table
costs, in and out, $10k−$6896.891% of the position
Funding, last 7 days−0.181%−$18 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.061%, 7d avg +0.138%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.199% cheaper against KuCoin than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.138%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ONDSUSDTM | 7.3900 | 0.0100 | pay 0.0100% / 8h | 2h 57m | $79K | $580K | 20x |
| Short | Binance ONDSUSDT | 7.3855 | 0 | get 0.0000% / 8h | 2h 57m | $1.5M | $1.4M | 20x |
KuCoin ONDSUSDTM
Binance ONDSUSDTFunding 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: −0.061% → +0.138%
- −$19.86
- Slippage, 4 orders
- −$667.1
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$729.96
- Costs to cover
- 6.891%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 76 min ago; Binance: live order book, 5 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, 76 min ago | 6.73 bp | 454.5 bp −$454 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 2.03 bp | 24.7 bp −$25 | 82.9 bp −$829 | doesn't fit | doesn't fit |
ONDS on 11 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 ONDSUSDT | 0.0000% | 8h | 7.3830 | −0.095% | $2K | $5K | 20x | as long as short |
| Binance ONDSUSDTshort | 0.0000% | 8h | 7.3855 | −0.061% | $1.5M | $1.4M | 20x | |
| Bybit ONDSUSDT | 0.0000% | 8h | 7.3820 | −0.108% | $507K | $154K | 25x | as long as short |
| OKX ONDS-USDT-SWAP | 0.0000% | 8h | 7.3910 | +0.014% | $186K | $120K | 10x | as long as short |
| Gate ONDS_USDT | 0.0000% | 8h | 7.3780 | −0.162% | $367K | $214K | 20x | as long as short |
| Bitget ONDSUSDT | 0.0000% | 8h | 7.3870 | −0.041% | $890K | $433K | 20x | as long as short |
| GRVT ONDS_USDT_Perp | 0.0000% | 8h | 7.3842 | −0.078% | $2K | $152K | 10x | as long as short |
| SunX ONDS-USDT | 0.0000% | 8h | 7.3700 | −0.271% | $976 | $482K | 10x | as long as short |
| HTX ONDS-USDT | 0.0000% | 8h | 7.3700 | −0.271% | $5K | $1K | 10x | as long as short |
| Vest ONDS-USD-PERP | +0.0046% | 1h | 7.3800 | −0.135% | — | — | 5x | as long as short |
Aster ONDSUSDT
Bybit ONDSUSDT
OKX ONDS-USDT-SWAP
Gate ONDS_USDT
Bitget ONDSUSDT
GRVT ONDS_USDT_Perp
SunX ONDS-USDT
HTX ONDS-USDT
Vest ONDS-USD-PERPShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ONDSUSDTMlong | +0.0100% | 8h | 7.3900 | long leg | $79K | $580K | 20x |