Funding you earn now, next payment 08:00 UTC+0.1219%/8h= +133.5% APRnext payment +$12.19 per $10,000 · paid last 24h −0.018%
Price spread now: Binance against KuCoin+0.500%7-day average +0.238% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,155as in the Price arb table
costs, in and out, $10k−$2,18121.810% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 2 days (all we have)−0.507%−$51 · spread now +0.500%, 7d avg +0.238%
=Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Binance is 0.262% dearer against KuCoin than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.238%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$12.19 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin VUSDTM | 368.57 | −0.1219 | get 0.1219% / 8h | 7h 53m | $294K | $727K | 20x |
| Short | Binance VUSDT | 370.41 | 0 | get 0.0000% / 8h | 7h 53m | $603K | $276K | 20x |
KuCoin VUSDTM
Binance VUSDTFunding 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
- $255.99
- Price spread: +0.500% → +0.238%
- $26.18
- Slippage, 4 orders
- −$2,158.95
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,898.78
- Costs to cover
- 21.810%
- Break-even
- 58.9 days
Slippage from KuCoin: live order book, 70 min ago; Binance: live order book, 53 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, 70 min ago | 23.73 bp | 1045.7 bp −$1,046 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 53 min ago | 3.24 bp | 17.4 bp −$17 | 64.1 bp −$641 | doesn't fit | doesn't fit |
V on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin VUSDTMlong | −0.1219% | 8h | 368.57 | long leg | $294K | $727K | 20x | |
| Injective V/USDC PERP | −0.0220% | 1h | 332.81 | −9.702% | $16K | $30K | 12x | as long as short |
| Aster VUSDT | 0.0000% | 8h | 369.91 | +0.364% | $17K | $6K | 20x | as long as short |
| Binance VUSDTshort | 0.0000% | 8h | 370.41 | +0.500% | $603K | $276K | 20x | |
| Bybit VUSDT | 0.0000% | 8h | 370.03 | +0.396% | $127K | $12K | 25x | as long as short |
| Gate V_USDT | 0.0000% | 8h | 370.10 | +0.415% | $191K | $4K | 20x | as long as short |
| Bitget VUSDT | 0.0000% | 8h | 370.38 | +0.491% | $122K | $12K | 20x | as long as short |
| SunX V-USDT | 0.0000% | 8h | 370.16 | +0.431% | $1K | $812K | 10x | as long as short |
| HTX V-USDT | 0.0000% | 8h | 370.43 | +0.505% | $6K | $33K | 20x | as long as short |
| edgeX VUSDC | +0.0331% | 4h | 370.52 | +0.528% | $193K | $180K | 10x | as long as short |
Injective V/USDC PERP
Aster VUSDT
Bybit VUSDT
Gate V_USDT
Bitget VUSDT
SunX V-USDT
HTX V-USDT
edgeX VUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT V_USDT_Perp | +0.0673% | 8h | 370.43 | +0.506% | $11K | $148K | 10x | as long as short |
GRVT V_USDT_Perp