Funding you earn now, next payment 08:00 UTC+0.0255%/8h= +27.9% APRnext payment +$2.55 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Binance+0.134%7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$999as in the Funding arb table
Net, price: spread back to 7d avg − costs−$998as in the Price arb table
costs, in and out, $10k−$1,0009.996% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 7 days−0.037%−$4 · spread now +0.134%, 7d avg +0.114%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and KuCoin is 0.020% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.114%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.55 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 | Binance BICOUSDT | 0.02237 | 0.0100 | pay 0.0100% / 8h | 4h 38m | $4.0M | $8.4M | 20x |
| Short | KuCoin BICOUSDTM | 0.02240 | 0.0355 | get 0.0355% / 8h | 4h 38m | $1.1M | $1.3M | 20x |
Binance BICOUSDT
KuCoin BICOUSDTMFunding 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
- $53.55
- Price spread: +0.134% → +0.114%
- $2.04
- Slippage, 4 orders
- −$977.61
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$944.03
- Costs to cover
- 9.996%
- Break-even
- 130.4 days
Slippage from Binance: live order book, 1 min ago; KuCoin: live order book, 2 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, 1 min ago | 2.24 bp | 17.9 bp −$18 | 103.7 bp −$1,037 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 6.70 bp | 383.9 bp −$384 | doesn't fit | doesn't fit | doesn't fit |
BICO 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BICOUSDT | +0.0100% | 8h | 0.02235 | −0.071% | $92K | $22K | 5x | as long as short |
| Binance BICOUSDTlong | +0.0100% | 8h | 0.02237 | long leg | $4.0M | $8.4M | 20x | |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02238 | +0.045% | $1.8M | $5.1M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02237 | 0.000% | $1.8M | $1.1M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02237 | 0.000% | $645K | $520K | 10x | as long as short |
| Gate BICO_USDT | +0.0145% | 8h | 0.02235 | −0.089% | $373K | $323K | 20x | as long as short |
| BingX BICO-USDT | +0.0187% | 8h | 0.02238 | +0.045% | — | $1.7M | — | as long as short |
| Bybit BICOUSDT | +0.0198% | 8h | 0.02238 | +0.040% | $2.4M | $3.7M | 20x | as long as short |
| Variational Omni BICO | +0.0237% | 8h | 0.02236 | −0.065% | $13K | $8K | — | as long as short |
| KuCoin BICOUSDTMshort | +0.0355% | 8h | 0.02240 | +0.134% | $1.1M | $1.3M | 20x |
Aster BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
Bitget BICOUSDT
Gate BICO_USDT
BingX BICO-USDT
Bybit BICOUSDT
Variational Omni BICOShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.6554% | 1h | 0.02260 | +1.014% | $37K | $56K | 20x | as long as short |
Kraken Futures PF_BICOUSD