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Funding arb · Price arb /

V

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.1171%/8h= −128.2% APRnext payment −$11.71 per $10,000 · paid last 24h −0.116%
Price spread now: KuCoin against Binance−0.161%7-day average −0.244% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,670as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,651as in the Price arb table
costs, in and out, $10k−$1,65916.594% of the position
Long on BinanceShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.105%−$11 on $10k
Price spread, last 2 days (all we have)+0.170%+$17 · spread now −0.161%, 7d avg −0.244%
Together, before fees+0.065%+$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.082% dearer against Binance than usual: you sell high and buy low (spread −0.161% now, against its 7-day average of −0.244%): +$8 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.105% in total) that is about 5.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$11.71 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance VUSDT370.300get 0.0000% / 8h7h 30m$601K$273K20x
ShortKuCoin VUSDTM369.70−0.1171pay 0.1171% / 8h7h 30m$289K$719K20x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$245.91
Price spread: −0.161% → −0.244%
$8.25
Slippage, 4 orders
−$1,637.41
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,897.07
Costs to cover
16.594%
Break-even
never at this rate
Slippage from Binance: live order book, 2 min ago; KuCoin: live order book, 23 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 2 min ago1.62 bp15.6 bp −$1663.7 bp −$637doesn't fitdoesn't fit
Sell KuCoin live order book, 23 min ago27.51 bp1000.0 bp −$1,000doesn't fitdoesn't fitdoesn't fit

V on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin VUSDTMshort−0.1171%8h369.70−0.161%$289K$719K20x
Injective V/USDC PERP−0.0220%1h332.91−10.097%$16K$30K12xas long as short
Aster VUSDT0.0000%8h369.96−0.090%$17K$6K20xas long as short
Binance VUSDTlong0.0000%8h370.30long leg$601K$273K20x
Bybit VUSDT0.0000%8h369.99−0.083%$127K$12K25xas long as short
Gate V_USDT0.0000%8h370.10−0.053%$190K$4K20xas long as short
Bitget VUSDT0.0000%8h370.07−0.061%$122K$11K20xas long as short
SunX V-USDT0.0000%8h370.22−0.021%$988$775K10xas long as short
HTX V-USDT0.0000%8h370.50+0.055%$6K$33K20xas long as short
GRVT V_USDT_Perp+0.0229%8h370.42+0.033%$12K$147K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX VUSDC+0.0530%4h370.25−0.012%$193K$181K10xas long as short