Funding you earn now, next payment 08:00 UTC−0.0221%/8h= −24.2% APRnext payment −$2.21 per $10,000 · paid last 24h −0.046%
Price spread now: Binance against KuCoin0.000%7-day average −0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$943as in the Funding arb table
Net, price: spread back to 7d avg − costs−$926as in the Price arb table
costs, in and out, $10k−$9339.335% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 2 days (all we have)−0.102%−$10 · spread now 0.000%, 7d avg −0.079%
=The price spread pays, funding is against you. Binance is 0.079% dearer against KuCoin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.079%): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.096% in total) that is about 5.7 days.
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 −$2.21 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 | KuCoin SONYUSDTM | 23.670 | 0.0221 | pay 0.0221% / 8h | 13m 34s | $61K | $349K | 20x |
| Short | Binance SONYUSDT | 23.670 | 0 | get 0.0000% / 8h | 13m 34s | $347K | $253K | 20x |
KuCoin SONYUSDTM
Binance SONYUSDTFunding 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
- −$46.41
- Price spread: 0.000% → −0.079%
- $7.9
- Slippage, 4 orders
- −$911.46
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$971.97
- Costs to cover
- 9.335%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 19 min ago; Binance: live order book, 63 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 KuCoin live order book, 19 min ago | 23.25 bp | 545.1 bp −$545 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 63 min ago | 4.22 bp | 28.1 bp −$28 | 116.2 bp −$1,162 | 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 SONYUSDTshort | 0.0000% | 8h | 23.670 | 0.000% | $347K | $253K | 20x | |
| Bybit SONYUSDT | 0.0000% | 8h | 23.690 | +0.084% | $98K | $32K | 25x | as long as short |
| OKX SONY-USDT-SWAP | 0.0000% | 8h | 23.670 | 0.000% | $75K | $28K | 10x | as long as short |
| Gate SONY_USDT | 0.0000% | 8h | 23.679 | +0.038% | $64K | $1K | 20x | as long as short |
| Bitget SONYUSDT | 0.0000% | 8h | 23.668 | −0.008% | $149K | $8K | 20x | as long as short |
| Variational Omni SONY | 0.0000% | 8h | 23.671 | +0.005% | $46K | $9K | — | as long as short |
| HTX SONY-USDT | +0.0100% | 8h | 23.670 | 0.000% | $8K | $9K | 10x | as long as short |
| KuCoin SONYUSDTMlong | +0.0221% | 8h | 23.670 | long leg | $61K | $349K | 20x |
Bybit SONYUSDT
OKX SONY-USDT-SWAP
Gate SONY_USDT
Bitget SONYUSDT
Variational Omni SONY
HTX SONY-USDT