Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.034%
Price spread now: Binance against KuCoin−0.057%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.255%−$26 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.057% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PAYPUSDTM | 17.670 | 0.0100 | pay 0.0100% / 8h | 50m 35s | $63K | $72K | 20x |
| Short | Binance PAYPUSDT | 17.660 | 0 | get 0.0000% / 8h | 50m 35s | $257K | $424K | 20x |
KuCoin PAYPUSDTM
Binance PAYPUSDTFunding 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: −0.057% → 0.000%
- −$5.66
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$48.66
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: KuCoin: no order-book sample; Binance: live order book, 26 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 26 min ago | 2.83 bp | 18.7 bp −$19 | 50.0 bp −$500 | doesn't fit | doesn't fit |
KuCoin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PAYP 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PAYPUSDT | 0.0000% | 8h | 17.676 | +0.034% | $7K | $792 | 20x | as long as short |
| Binance PAYPUSDTshort | 0.0000% | 8h | 17.660 | −0.057% | $257K | $424K | 20x | |
| Gate PAYP_USDT | 0.0000% | 8h | 17.670 | 0.000% | $82K | $7K | 25x | as long as short |
| Variational Omni PAYP | 0.0000% | 8h | 17.652 | −0.104% | $71K | $32K | — | as long as short |
| GRVT PAYP_USDT_Perp | 0.0000% | 8h | 17.660 | −0.056% | $130K | $530K | 10x | as long as short |
| SunX PAYP-USDT | 0.0000% | 8h | 17.650 | −0.113% | $2K | $1.9M | 10x | as long as short |
| HTX PAYP-USDT | 0.0000% | 8h | 17.600 | −0.396% | $8K | $3K | 10x | as long as short |
| KuCoin PAYPUSDTMlong | +0.0100% | 8h | 17.670 | long leg | $63K | $72K | 20x |
Aster PAYPUSDT
Gate PAYP_USDT
Variational Omni PAYP
GRVT PAYP_USDT_Perp
SunX PAYP-USDT
HTX PAYP-USDT