Funding you earn now, next payment 08:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.15 per $10,000 · paid last 24h +0.007%
Price spread now: KuCoin against Binance−0.059%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$710.715% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 7 days+0.060%+$6 · spread now −0.059%, 7d avg −0.025%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and KuCoin is 0.034% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SKHYUSDT | 186.56 | 0 | get 0.0000% / 8h | 49m 58s | $200.5M | $450.0M | 50x |
| Short | KuCoin SKHYUSDTM | 186.45 | −0.0015 | pay 0.0015% / 8h | 49m 58s | $1.1M | $326K | 20x |
Binance SKHYUSDT
KuCoin SKHYUSDTMFunding 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
- −$3.15
- Price spread: −0.059% → −0.025%
- −$3.38
- Slippage, 4 orders
- −$49.48
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$78.02
- Costs to cover
- 0.715%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; KuCoin: 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 Binance live order book, 9 min ago | 0.27 bp | 5.3 bp −$5 | 8.0 bp −$80 | 25.8 bp −$2,584 | 114.1 bp −$57.0K |
| Sell KuCoin live order book, 5 min ago | 2.69 bp | 29.6 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
SKHY on 31 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKHYUSDT | −0.1377% | 8h | 186.63 | +0.038% | $25.4M | $32.9M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0889% | 4h | 186.25 | −0.169% | $561K | $290K | 10x | as long as short |
| Popdex SKHYUSDT | −0.0312% | 1h | 186.39 | −0.091% | $205K | $287K | 20x | as long as short |
| tradeXYZ xyz:SKHY | −0.0306% | 1h | 186.53 | −0.016% | $158.5M | $76.9M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0286% | 1h | 186.53 | −0.016% | $49K | $346K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0266% | 1h | 186.51 | −0.025% | $48K | $21K | 20x | as long as short |
| Nado SKHY-PERP | −0.0233% | 1h | 186.51 | −0.024% | $33K | $28K | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0212% | 1h | 186.25 | −0.166% | $180K | $487K | 10x | as long as short |
| Lighter SKHY | −0.0104% | 1h | 186.45 | −0.059% | $975K | $1.2M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0072% | 1h | 187.58 | +0.547% | $68K | $905K | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Deribit SKHY_USDC-PERPETUAL
Kraken Futures PF_SKHYUSD
Nado SKHY-PERP
Polymarket Perps SKHY-USD
Lighter SKHY
Coinbase International SKHY-PERP-INTXShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX SKHY-USD | −0.0061% | 1h | 186.37 | −0.102% | $1.2M | $4.3M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0044% | 1h | 186.24 | −0.172% | $520K | $2.6M | 10x | as long as short |
| KuCoin SKHYUSDTMshort | −0.0015% | 8h | 186.45 | −0.059% | $1.1M | $326K | 20x | |
| Aster SKHYUSDT | 0.0000% | 8h | 186.67 | +0.061% | $224K | $925K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.51 | −0.029% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDTlong | 0.0000% | 8h | 186.56 | long leg | $200.5M | $450.0M | 50x | |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.56 | 0.000% | $16.7M | $29.6M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.56 | 0.000% | $44.5M | $79.1M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.52 | −0.021% | $25.5M | $20.9M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.25 | −0.167% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.21 | −0.190% | $22K | $232K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.69 | +0.070% | $683 | $6.1M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.42 | −0.075% | $155K | $363K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.53 | −0.016% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.45 | −0.059% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.22 | −0.182% | $60K | $171K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.40 | −0.086% | — | $32K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.35 | −0.113% | $41K | $12K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.46 | −0.054% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.32 | −0.129% | $2.2M | $423K | 50x | as long as short |
| Phoenix SKHY | +0.0129% | 1h | 186.38 | −0.096% | $209K | $123K | 10x | as long as short |
QFEX SKHY-USD
Ondo Perps SKHY-USD.P
Aster SKHYUSDT
Extended SKHY-USD
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY