Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Binance−0.026%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$727as in the Funding arb table
Net, price: spread back to 7d avg − costs−$743as in the Price arb table
costs, in and out, $10k−$7487.481% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 2 days (all we have)−0.023%−$2 · spread now −0.026%, 7d avg −0.074%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.048% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.074%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TERUSDT | 383.32 | 0 | get 0.0000% / 8h | 3h 47m | $528K | $696K | 25x |
| Short | KuCoin TERUSDTM | 383.22 | 0.0100 | get 0.0100% / 8h | 3h 47m | $240K | $86K | 20x |
Binance TERUSDT
KuCoin TERUSDTMFunding 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
- $21
- Price spread: −0.026% → −0.074%
- $4.8
- Slippage, 4 orders
- −$726.14
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$722.35
- Costs to cover
- 7.481%
- Break-even
- 247.8 days
Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 24 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, 15 min ago | 2.72 bp | 12.6 bp −$13 | 88.1 bp −$881 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 24 min ago | 12.19 bp | 359.1 bp −$359 | doesn't fit | doesn't fit | doesn't fit |
TER on 10 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 TERUSDTlong | 0.0000% | 8h | 383.32 | long leg | $528K | $696K | 25x | |
| Bybit TERUSDT | 0.0000% | 8h | 383.05 | −0.070% | $256K | $167K | 25x | as long as short |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 383.42 | +0.026% | $204K | $168K | 20x | as long as short |
| Gate TER_USDT | 0.0000% | 8h | 383.50 | +0.047% | $297K | $206K | 20x | as long as short |
| Bitget TERUSDT | 0.0000% | 8h | 383.25 | −0.018% | $254K | $142K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 384.53 | +0.317% | $54K | $49K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 384.75 | +0.373% | $36K | $4K | 10x | as long as short |
| KuCoin TERUSDTMshort | +0.0100% | 8h | 383.22 | −0.026% | $240K | $86K | 20x | |
| HTX TER-USDT | +0.0100% | 8h | 383.39 | +0.019% | $3K | $38K | 10x | as long as short |
| Paragon para:TER | +0.1943% | 1h | 383.13 | −0.049% | $122K | $56K | 10x | as long as short |
Bybit TERUSDT
OKX TER-USDT-SWAP
Gate TER_USDT
Bitget TERUSDT
Variational Omni TER
Extended TER_24_5-USD
HTX TER-USDT
Paragon para:TER