Funding you earn now, next payment 08:00 UTC+0.0596%/8h= +65.3% APRnext payment +$5.96 per $10,000 · paid last 24h +0.046%
Price spread now: KuCoin against Binance+0.122%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$793as in the Funding arb table
Net, price: spread back to 7d avg − costs−$799as in the Price arb table
costs, in and out, $10k−$8038.030% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 2 days (all we have)+0.012%+$1 · spread now +0.122%, 7d avg +0.077%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and KuCoin is 0.045% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.077%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.96 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 SONYUSDT | 23.731 | 0 | get 0.0000% / 8h | 2h 49m | $348K | $280K | 20x |
| Short | KuCoin SONYUSDTM | 23.760 | 0.0596 | get 0.0596% / 8h | 2h 49m | $55K | $384K | 20x |
Binance SONYUSDT
KuCoin SONYUSDTMFunding 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
- $125.16
- Price spread: +0.122% → +0.077%
- $4.46
- Slippage, 4 orders
- −$781.05
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$673.43
- Costs to cover
- 8.030%
- Break-even
- 44.7 days
Slippage from Binance: live order book, 58 min ago; KuCoin: live order book, 9 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, 58 min ago | 4.22 bp | 33.7 bp −$34 | 132.9 bp −$1,329 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 23.15 bp | 458.4 bp −$458 | doesn't fit | doesn't fit | doesn't fit |
SONY 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SONYUSDTlong | 0.0000% | 8h | 23.731 | long leg | $348K | $280K | 20x | |
| Bybit SONYUSDT | 0.0000% | 8h | 23.730 | −0.005% | $98K | $33K | 25x | as long as short |
| OKX SONY-USDT-SWAP | 0.0000% | 8h | 23.800 | +0.290% | $76K | $31K | 10x | as long as short |
| Gate SONY_USDT | 0.0000% | 8h | 23.739 | +0.033% | $64K | $1K | 20x | as long as short |
| Bitget SONYUSDT | 0.0000% | 8h | 23.705 | −0.110% | $149K | $8K | 20x | as long as short |
| Variational Omni SONY | 0.0000% | 8h | 23.731 | −0.001% | $47K | $30K | — | as long as short |
| HTX SONY-USDT | +0.0100% | 8h | 23.710 | −0.089% | $8K | $8K | 10x | as long as short |
| KuCoin SONYUSDTMshort | +0.0596% | 8h | 23.760 | +0.122% | $55K | $384K | 20x |
Bybit SONYUSDT
OKX SONY-USDT-SWAP
Gate SONY_USDT
Bitget SONYUSDT
Variational Omni SONY
HTX SONY-USDT