RDDT

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and KuCoin is 0.032% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.016%). Swap the legs. Mind the row above: over the last 6 days funding on this pair paid +0.210%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.210% in total (about 13.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.69 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.