Funding you earn now, next payment 08:00 UTC−0.0488%/8h= −53.4% APRnext payment −$4.88 per $10,000 · paid last 24h −0.099%
Price spread now: KuCoin against Binance−0.125%7-day average −0.202% · you buy dearer than you sell
Net, funding: paid 7d − costs−$669as in the Funding arb table
Net, price: spread back to 7d avg − costs−$654as in the Price arb table
costs, in and out, $10k−$6616.615% of the position
Funding, last 7 days−0.080%−$8 on $10k
+Price spread, last 7 days+0.081%+$8 · spread now −0.125%, 7d avg −0.202%
=The price spread pays, funding is against you. KuCoin is 0.077% dearer against Binance than usual: you sell high and buy low (spread −0.125% now, against its 7-day average of −0.202%): +$8 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.080% in total) that is about 6.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.080% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.88 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PDDUSDT | 80.120 | 0.0588 | pay 0.0588% / 8h | 3h 48m | $1.4M | $973K | 20x |
| Short | KuCoin PDDUSDTM | 80.020 | 0.0100 | get 0.0100% / 8h | 3h 48m | $32K | $2.8M | 20x |
Binance PDDUSDT
KuCoin PDDUSDTMFunding 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
- −$102.38
- Price spread: −0.125% → −0.202%
- $7.71
- Slippage, 4 orders
- −$639.46
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$756.14
- Costs to cover
- 6.615%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; KuCoin: live order book, 3 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, 14 min ago | 1.25 bp | 16.5 bp −$17 | 77.3 bp −$773 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 13.74 bp | 310.5 bp −$310 | doesn't fit | doesn't fit | doesn't fit |
PDD on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PDDUSDT | 0.0000% | 8h | 79.950 | −0.212% | $258K | $2.0M | 25x | as long as short |
| Bitget PDDUSDT | 0.0000% | 8h | 80.010 | −0.137% | $1.3M | $198K | 20x | as long as short |
| edgeX PDDUSDC | +0.0010% | 4h | 80.147 | +0.033% | $162K | $224K | 10x | as long as short |
| Injective PDD/USDC PERP | +0.0033% | 1h | 79.270 | −1.061% | $11K | $8K | 12x | as long as short |
| Extended PDD_24_5-USD | +0.0040% | 1h | 79.850 | −0.337% | $3K | — | 5x | as long as short |
| KuCoin PDDUSDTMshort | +0.0100% | 8h | 80.020 | −0.125% | $32K | $2.8M | 20x | |
| HTX PDD-USDT | +0.0100% | 8h | 80.250 | +0.162% | $7K | $305K | 20x | as long as short |
| Gate PDD_USDT | +0.0259% | 8h | 79.810 | −0.387% | $487K | $37K | 20x | as long as short |
| Binance PDDUSDTlong | +0.0588% | 8h | 80.120 | long leg | $1.4M | $973K | 20x |
Bybit PDDUSDT
Bitget PDDUSDT
edgeX PDDUSDC
Injective PDD/USDC PERP
Extended PDD_24_5-USD
HTX PDD-USDT
Gate PDD_USDT