Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.027%
Price spread now: Binance against KuCoin−0.025%7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$511as in the Funding arb table
Net, price: spread back to 7d avg − costs−$501as in the Price arb table
costs, in and out, $10k−$4934.925% of the position
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 4 days (all we have)−0.212%−$21 · spread now −0.025%, 7d avg +0.056%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.081% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.056%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USARUSDTM | 16.900 | 0.0100 | pay 0.0100% / 8h | 3h 48m | $284K | $158K | 20x |
| Short | Binance USARUSDT | 16.896 | 0 | get 0.0000% / 8h | 3h 48m | $2.4M | $5.1M | 20x |
Funding 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: −0.025% → +0.056%
- −$8.15
- Slippage, 4 orders
- −$470.54
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$521.69
- Costs to cover
- 4.925%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 23 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, 23 min ago | 5.90 bp | 239.6 bp −$240 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 2.95 bp | 15.7 bp −$16 | 61.5 bp −$615 | doesn't fit | doesn't fit |
USAR on 16 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 USARUSDT | 0.0000% | 8h | 16.899 | −0.005% | $27K | $29K | 20x | as long as short |
| Extended USAR-USD | 0.0000% | 1h | 16.900 | +0.001% | $4K | $161K | 10x | as long as short |
| Binance USARUSDTshort | 0.0000% | 8h | 16.896 | −0.025% | $2.4M | $5.1M | 20x | |
| Bybit USARUSDT | 0.0000% | 8h | 16.880 | −0.118% | $421K | $273K | 25x | as long as short |
| OKX USAR-USDT-SWAP | 0.0000% | 8h | 16.930 | +0.178% | $984K | $1.3M | 20x | as long as short |
| Gate USAR_USDT | 0.0000% | 8h | 16.910 | +0.059% | $499K | $434K | 20x | as long as short |
| Bitget USARUSDT | 0.0000% | 8h | 16.910 | +0.059% | $341K | $3.7M | 20x | as long as short |
| Variational Omni USAR | 0.0000% | 8h | 16.922 | +0.130% | $60K | $8K | — | as long as short |
| GRVT USAR_USDT_Perp | 0.0000% | 8h | 16.941 | +0.242% | $859 | $223K | 10x | as long as short |
| SunX USAR-USDT | 0.0000% | 8h | 16.910 | +0.059% | $1K | $6.7M | 10x | as long as short |
Show all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX USAR-USDT | 0.0000% | 8h | 16.950 | +0.296% | $7K | $8K | 20x | as long as short |
| Lighter RH USAR | +0.0032% | 1h | 16.905 | +0.030% | $271K | $561K | 10x | as long as short |
| Arcus USAR-USD | +0.0040% | 1h | 16.910 | +0.059% | $146K | $62K | 10x | as long as short |
| Vest USAR-USD-PERP | +0.0046% | 1h | 16.920 | +0.118% | — | $49 | 10x | as long as short |
| tradeXYZ xyz:USAR | +0.0050% | 1h | 16.888 | −0.071% | $2.5M | $931K | 10x | as long as short |
| KuCoin USARUSDTMlong | +0.0100% | 8h | 16.900 | long leg | $284K | $158K | 20x |
KuCoin USARUSDTM
Binance USARUSDT
Aster USARUSDT
Extended USAR-USD
Bybit USARUSDT
OKX USAR-USDT-SWAP
Gate USAR_USDT
Bitget USARUSDT
Variational Omni USAR
GRVT USAR_USDT_Perp
SunX USAR-USDT
HTX USAR-USDT
Lighter RH USAR
tradeXYZ xyz:USAR