Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.08 per $10,000 · paid last 24h +0.006%
Price spread now: Binance against KuCoin−0.044%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$597as in the Funding arb table
Net, price: spread back to 7d avg − costs−$625as in the Price arb table
costs, in and out, $10k−$6216.214% of the position
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.044%, 7d avg −0.012%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.012%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.242%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TENCENTUSDTM | 57.350 | 0.0100 | pay 0.0050% / 4h | 50m 58s | $121K | $682K | 20x |
| Short | Binance TENCENTUSDT | 57.325 | 0.0084 | get 0.0042% / 4h | 50m 58s | $2.8M | $5.1M | 25x |
KuCoin TENCENTUSDTM
Binance TENCENTUSDTFunding 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
- −$3.41
- Price spread: −0.044% → −0.012%
- −$3.18
- Slippage, 4 orders
- −$599.44
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$628.03
- Costs to cover
- 6.214%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Binance: live order book, 16 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, 3 min ago | 16.58 bp | 352.9 bp −$353 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 2.61 bp | 19.3 bp −$19 | 70.9 bp −$709 | doesn't fit | doesn't fit |
TENCENT 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TENCENTUSDT | 0.0000% | 8h | 57.434 | +0.147% | $44K | $12K | 20x | as long as short |
| Bybit TENCENTUSDT | 0.0000% | 8h | 57.350 | 0.000% | $251K | $265K | 25x | as long as short |
| Gate TENCENT_USDT | 0.0000% | 8h | 57.330 | −0.035% | $1.7M | $642K | 25x | as long as short |
| Bitget TENCENTUSDT | 0.0000% | 8h | 57.310 | −0.070% | $1.2M | $3.1M | 20x | as long as short |
| HTX TENCENT-USDT | 0.0000% | 4h | 57.550 | +0.349% | $10K | $45K | 10x | as long as short |
| Lighter TENCENT | +0.0064% | 1h | 57.618 | +0.467% | $67K | $4K | 10x | as long as short |
| Binance TENCENTUSDTshort | +0.0084% | 4h | 57.325 | −0.044% | $2.8M | $5.1M | 25x | |
| KuCoin TENCENTUSDTMlong | +0.0100% | 4h | 57.350 | long leg | $121K | $682K | 20x | |
| edgeX TENCENTUSDC | +0.0170% | 4h | 57.311 | −0.068% | $118K | $213K | 10x | as long as short |
Aster TENCENTUSDT
Bybit TENCENTUSDT
Gate TENCENT_USDT
Bitget TENCENTUSDT
HTX TENCENT-USDT
Lighter TENCENT
edgeX TENCENTUSDC