Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.38 per $10,000 · paid last 24h −0.010%
Price spread now: KuCoin against Binance−0.015%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$220.222% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 7 days+0.015%+$1 · spread now −0.015%, 7d avg −0.002%
=The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTCUSDT | 85,910 | 0.0081 | pay 0.0081% / 8h | 7h 01m | $9.35B | $24.39B | 150x |
| Short | KuCoin XBTUSDTM | 85,897.2 | 0.0043 | get 0.0043% / 8h | 7h 01m | $821.2M | $716.2M | 125x |
Binance BTCUSDT
KuCoin XBTUSDTMFunding 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
- −$7.98
- Price spread: −0.015% → −0.002%
- −$1.3
- Slippage, 4 orders
- −$0.18
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$31.46
- Costs to cover
- 0.222%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 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, 12 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.2 bp −$518 | 6.6 bp −$3,292 |
| Sell KuCoin live order book, 2 min ago | 0.01 bp | 6.2 bp −$6 | 8.7 bp −$87 | 10.5 bp −$1,052 | doesn't fit |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0129% | 1h | 86,100 | +0.221% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,893 | −0.020% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,906.2 | −0.004% | $362K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,930.8 | +0.024% | $524K | $21.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,907.4 | −0.003% | $36.7M | — | 200x | as long as short |
| dYdX BTC-USD | +0.0023% | 1h | 85,950.3 | +0.047% | $16.8M | $20.5M | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,155 | +0.285% | $342K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0029% | 8h | 85,910.6 | +0.001% | $498.2M | $1.13B | 200x | as long as short |
| KuCoin XBTUSDTMshort | +0.0043% | 8h | 85,897.2 | −0.015% | $821.2M | $716.2M | 125x | |
| HTX BTC-USDT | +0.0048% | 8h | 85,874.6 | −0.041% | $2.28B | $961.0M | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
dYdX BTC-USD
Injective BTC/USDC PERP
Aster BTCUSDT
HTX BTC-USDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0050% | 1h | 85,883.8 | −0.031% | $6.7M | $145.8M | 40x | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 85,894.1 | −0.019% | $8.2M | $42.5M | 25x | as long as short |
| BingX BTC-USDT | +0.0053% | 8h | 85,905.8 | −0.005% | — | $1.58B | — | as long as short |
| SoDEX BTC-USD | +0.0064% | 1h | 85,891 | −0.022% | $60.2M | $338.3M | 40x | as long as short |
| Bitget BTCUSDT | +0.0066% | 8h | 85,899.1 | −0.013% | $2.95B | $5.08B | 150x | as long as short |
| Gate BTC_USDT | +0.0077% | 8h | 85,905.8 | −0.005% | $5.72B | $10.73B | 200x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,887.6 | −0.026% | $2.5M | $1.8M | 20x | as long as short |
| MEXC BTC_USDT | +0.0081% | 8h | 85,893.5 | −0.019% | $5.09B | $5.79B | 500x | as long as short |
| Binance BTCUSDTlong | +0.0081% | 8h | 85,910 | long leg | $9.35B | $24.39B | 150x | |
| Lighter BTC | +0.0096% | 1h | 85,922.2 | +0.014% | $169.7M | $999.4M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,924.1 | +0.016% | $23.4M | $152.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,908 | −0.002% | $8.4M | $52.2M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,869 | −0.048% | $202K | $7.3M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,927.3 | +0.020% | $4.2M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,920.8 | +0.013% | $21.9M | $226.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,964 | +0.063% | $3.76B | $4.99B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,932 | +0.026% | $40.7M | $560.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,907.9 | −0.002% | $5.23B | $9.68B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,914 | +0.005% | $2.54B | $12.43B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,894 | −0.019% | $3.9M | $17.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,889.9 | −0.023% | $6.9M | $97.1M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,887.8 | −0.026% | $35.3M | $162.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,079.3 | +0.197% | $156.4M | $555.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,114.1 | +0.238% | $278.1M | $940.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,079 | +0.197% | $216.0M | $163.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,088.3 | +0.208% | $140.8M | $320.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,952.8 | +0.050% | $30.5M | $206.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,967.5 | +0.067% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,887 | −0.027% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,890.5 | −0.023% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,900.6 | −0.011% | $2.4M | $9.1M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,919.7 | +0.011% | $144K | $666K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,911.6 | +0.002% | $30.1M | $57.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,877 | −0.038% | $3.2M | $5.6M | 100x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,898.7 | −0.013% | $154.9M | $473.9M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,141.5 | +0.269% | $581.0M | $76.4M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,880.1 | −0.035% | $45.4M | $224.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,971.1 | +0.071% | — | $100.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 85,925.9 | +0.019% | $131.4M | $5.26B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0122% | 1h | 85,918.6 | +0.010% | $187.5M | $958.3M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0128% | 1h | 86,135.7 | +0.263% | $722K | $8.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0164% | 1h | 86,107.4 | +0.230% | $77K | $217K | 20x | as long as short |
| BloFin BTC-USDT | +0.0202% | 8h | 85,917.9 | +0.009% | $414.9M | $641.1M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0204% | 8h | 85,941 | +0.036% | $10.2M | $766.8M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0207% / S −0.0222% | 1h | 85,903.8 | −0.007% | $14.4M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0230% | 1h | 85,941.6 | +0.037% | $902.7M | $1.51B | 50x | as long as short |
Reya BTCRUSDPERP
RISEx BTC/USDC
BingX BTC-USDT
SoDEX BTC-USD
Bitget BTCUSDT
Gate BTC_USDT
Aevo BTC-PERP
MEXC BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
BloFin BTC-USDT
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL