Funding you earn now, next payment 00:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.25 per $10,000 · paid last 24h +0.011%
Price spread now: Binance against KuCoin+0.065%7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$280.285% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 7 days+0.013%+$1 · spread now +0.065%, 7d avg +0.100%
=Funding pays, the price is against you. Binance is 0.036% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.065% now, against its 7-day average of +0.100%). If the spread goes back, that is −$4 on $10k: about 4.8 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BNBUSDTM | 802.50 | 0.0100 | pay 0.0100% / 8h | 43m 37s | $28.1M | $10.3M | 75x |
| Short | Binance BNBUSDT | 803.02 | 0.0125 | get 0.0125% / 8h | 43m 37s | $502.2M | $817.2M | 75x |
KuCoin BNBUSDTM
Binance BNBUSDTFunding 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
- $5.16
- Price spread: +0.065% → +0.100%
- −$3.56
- Slippage, 4 orders
- −$6.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$26.9
- Costs to cover
- 0.285%
- Break-even
- 43.5 days
Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 15 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, 5 min ago | 0.81 bp | 10.0 bp −$10 | 17.5 bp −$175 | 52.9 bp −$5,288 | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.06 bp | 5.1 bp −$5 | 5.2 bp −$52 | 15.8 bp −$1,580 | doesn't fit |
BNB on 46 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0201% / S +0.0372% | 1h | 803.14 | +0.079% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 802.95 | +0.056% | $4K | $1K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0074% | 1h | 802.99 | +0.061% | $2.6M | $970K | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 803.47 | +0.120% | $3.0M | $28.0M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.81 | +0.163% | $869K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 803.16 | +0.083% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0027% | 8h | 802.45 | −0.006% | $4.2M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0052% | 8h | 802.58 | +0.010% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0060% | 8h | 802.10 | −0.050% | $139.2M | $78.6M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 800.72 | −0.222% | $607K | $995K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDT
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 803.01 | +0.064% | $2.8M | $4.1M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 802.10 | −0.050% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 802.98 | +0.060% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 802.20 | −0.037% | $54.7M | $113.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 802.90 | +0.050% | $53K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 802.60 | +0.012% | $36.0M | $57.8M | 75x | as long as short |
| KuCoin BNBUSDTMlong | +0.0100% | 8h | 802.50 | long leg | $28.1M | $10.3M | 75x | |
| Bitget BNBUSDT | +0.0100% | 8h | 802.28 | −0.027% | $79.6M | $27.4M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 803.59 | +0.136% | $4.2M | $77.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 803.34 | +0.105% | $162K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 802.29 | −0.026% | $117K | $875K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 803.19 | +0.086% | $388K | $497K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 803.39 | +0.111% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 803.24 | +0.092% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 802.78 | +0.035% | $8.2M | $8.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 803.22 | +0.090% | $78K | $19K | 50x | as long as short |
| SoDEX BNB-USD | +0.0102% | 1h | 803.30 | +0.100% | $395K | $1.0M | 10x | as long as short |
| Aster BNBUSDT | +0.0103% | 8h | 803.08 | +0.072% | $6.4M | $19.0M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 802.06 | −0.055% | $1.9M | $6.4M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 803.22 | +0.090% | $386K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0111% | 8h | 803.69 | +0.148% | $70.2M | $51.0M | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0114% | 8h | 803.40 | +0.112% | $110K | $2.9M | 4.8x | as long as short |
| Binance BNBUSDTshort | +0.0125% | 8h | 803.02 | +0.065% | $502.2M | $817.2M | 75x | |
| MEXC BNB_USDT | +0.0125% | 8h | 803.50 | +0.125% | $83.6M | $13.5M | 200x | as long as short |
| Phoenix BNB | +0.0127% | 1h | 803.09 | +0.074% | $173K | $36K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 803.63 | +0.140% | $1.6M | $165K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0224% | 1h | 803.19 | +0.086% | $71K | $43K | 12x | as long as short |
| Hyperliquid BNB | +0.0231% | 1h | 803.55 | +0.131% | $52.1M | $21.4M | 10x | as long as short |
| BloFin BNB-USDT | +0.0245% | 8h | 803.67 | +0.146% | $18.2M | $2.6M | 75x | as long as short |
| RISEx BNB/USDC | +0.0258% | 1h | 802.68 | +0.022% | $1.1M | $1.4M | 20x | as long as short |
| Injective BNB/USDC PERP | +0.0306% | 1h | 805.09 | +0.323% | $19K | $789K | 30x | as long as short |
| Bulk BNB-USD | +0.0309% | 1h | 803.58 | +0.135% | $653K | $20K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0332% | 1h | 801.98 | −0.065% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0360% | 1h | 803.12 | +0.077% | $28K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0366% | 1h | 804.03 | +0.191% | $2.7M | $5.7M | 40x | as long as short |
| dYdX BNB-USD | +0.0448% | 1h | 802.89 | +0.048% | $162K | $62K | 10x | as long as short |
Lighter BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
SoDEX BNB-USD
Aster BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
Kalshi KXBNBPERP
MEXC BNB_USDT
Phoenix BNB
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P
Hyperliquid BNB
BloFin BNB-USDT
RISEx BNB/USDC
Injective BNB/USDC PERP
Bulk BNB-USD
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP
dYdX BNB-USD