Funding you earn now, next payment 08:00 UTC−0.0825%/8h= −90.4% APRnext payment −$4.13 per $10,000 · paid last 24h −0.233%
Price spread now: KuCoin against Binance−0.235%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$351as in the Funding arb table
Net, price: spread back to 7d avg − costs−$301as in the Price arb table
costs, in and out, $10k−$2842.844% of the position
Funding, last 7 days−0.667%−$67 on $10k
+Price spread, last 4 days (all we have)+0.192%+$19 · spread now −0.235%, 7d avg −0.072%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and KuCoin is 0.163% cheaper against Binance than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.072%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTWUSDT | 0.8066 | 0.0925 | pay 0.0463% / 4h | 35m 41s | $112.0M | $177.1M | 10x |
| Short | KuCoin BTWUSDTM | 0.8047 | 0.0100 | get 0.0050% / 4h | 35m 41s | $7.2M | $4.8M | 10x |
Binance BTWUSDT
KuCoin BTWUSDTMFunding 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
- −$173.32
- Price spread: −0.235% → −0.072%
- −$16.26
- Slippage, 4 orders
- −$262.37
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$473.94
- Costs to cover
- 2.844%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 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, 8 min ago | 0.62 bp | 24.9 bp −$25 | 177.6 bp −$1,776 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 15.10 bp | 146.0 bp −$146 | doesn't fit | doesn't fit | doesn't fit |
BTW 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 BTWUSDTMshort | +0.0100% | 4h | 0.8047 | −0.235% | $7.2M | $4.8M | 10x | |
| HTX BTW-USDT | +0.0100% | 4h | 0.8066 | +0.003% | $209K | $749K | 10x | as long as short |
| Bybit BTWUSDT | +0.0397% | 4h | 0.8058 | −0.100% | $15.6M | $41.0M | 10x | as long as short |
| Gate BTW_USDT | +0.0676% | 4h | 0.8052 | −0.168% | $3.3M | $17.6M | 10x | as long as short |
| Bitget BTWUSDT | +0.0700% | 4h | 0.8063 | −0.029% | $25.3M | $15.0M | 5x | as long as short |
| Aster BTWUSDT | +0.0861% | 4h | 0.8060 | −0.067% | $2.2M | $3.3M | 5x | as long as short |
| BingX BTW-USDT | +0.0868% | 4h | 0.8069 | +0.040% | — | $4.1M | — | as long as short |
| edgeX BTWUSDC | +0.0907% | 4h | 0.8003 | −0.778% | $348K | $508K | 10x | as long as short |
| MEXC BTW_USDT | +0.0924% | 4h | 0.8066 | +0.003% | $9.0M | $6.4M | 20x | as long as short |
| Binance BTWUSDTlong | +0.0925% | 4h | 0.8066 | long leg | $112.0M | $177.1M | 10x |
HTX BTW-USDT
Bybit BTWUSDT
Gate BTW_USDT
Bitget BTWUSDT
Aster BTWUSDT
BingX BTW-USDT
edgeX BTWUSDC
MEXC BTW_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BTW-USD | +0.0928% | 1h | 0.8065 | −0.008% | $35K | $15K | 5x | as long as short |
Extended BTW-USD