Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Binance against KuCoin+0.005%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,105as in the Price arb table
costs, in and out, $10k−$1,09710.975% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 2 days (all we have)+0.049%+$5 · spread now +0.005%, 7d avg +0.078%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.073% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.078%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TERUSDTM | 376.38 | 0.0100 | pay 0.0100% / 8h | 7h 43m | $227K | $128K | 20x |
| Short | Binance TERUSDT | 376.40 | 0 | get 0.0000% / 8h | 7h 43m | $519K | $1.0M | 25x |
KuCoin TERUSDTM
Binance TERUSDTFunding 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
- −$21
- Price spread: +0.005% → +0.078%
- −$7.3
- Slippage, 4 orders
- −$1,075.49
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,125.79
- Costs to cover
- 10.975%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 48 min ago; Binance: live order book, 4 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, 48 min ago | 12.97 bp | 366.1 bp −$366 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 13.82 bp | 32.3 bp −$32 | 82.0 bp −$820 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:TER | −1.1177% | 1h | 377.09 | +0.189% | $118K | $57K | 10x | as long as short |
| Bybit TERUSDT | −0.0211% | 8h | 376.05 | −0.088% | $250K | $129K | 25x | as long as short |
| Bitget TERUSDT | −0.0193% | 8h | 376.56 | +0.048% | $239K | $156K | 20x | as long as short |
| Binance TERUSDTshort | 0.0000% | 8h | 376.40 | +0.005% | $519K | $1.0M | 25x | |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 375.43 | −0.252% | $203K | $177K | 20x | as long as short |
| Gate TER_USDT | 0.0000% | 8h | 376.70 | +0.085% | $295K | $195K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 376.26 | −0.032% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 377.89 | +0.402% | $35K | $4K | 10x | as long as short |
| KuCoin TERUSDTMlong | +0.0100% | 8h | 376.38 | long leg | $227K | $128K | 20x | |
| HTX TER-USDT | +0.0100% | 8h | 376.77 | +0.104% | $3K | $39K | 10x | as long as short |
Paragon para:TER
Bybit TERUSDT
Bitget TERUSDT
OKX TER-USDT-SWAP
Gate TER_USDT
Variational Omni TER
Extended TER_24_5-USD
HTX TER-USDT