Funding you earn now, next payment 08:00 UTC+0.0841%/8h= +92.1% APRnext payment +$4.21 per $10,000 · paid last 24h +0.233%
Price spread now: Binance against KuCoin+0.127%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$204as in the Funding arb table
Net, price: spread back to 7d avg − costs−$265as in the Price arb table
costs, in and out, $10k−$2712.706% of the position
Funding, last 7 days+0.667%+$67 on $10k
+Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.127%, 7d avg +0.073%
=Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Binance is 0.054% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BTWUSDTM | 0.8021 | 0.0100 | pay 0.0050% / 4h | 1h 13m | $7.1M | $4.9M | 10x |
| Short | Binance BTWUSDT | 0.8031 | 0.0941 | get 0.0471% / 4h | 1h 13m | $111.6M | $179.3M | 10x |
KuCoin BTWUSDTM
Binance BTWUSDTFunding 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
- $176.71
- Price spread: +0.127% → +0.073%
- $5.39
- Slippage, 4 orders
- −$248.62
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$88.53
- Costs to cover
- 2.706%
- Break-even
- 10.5 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 | 15.61 bp | 76.3 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 1.26 bp | 31.6 bp −$32 | 175.9 bp −$1,759 | 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 BTWUSDTMlong | +0.0100% | 4h | 0.8021 | long leg | $7.1M | $4.9M | 10x | |
| HTX BTW-USDT | +0.0100% | 4h | 0.8035 | +0.183% | $208K | $753K | 10x | as long as short |
| Bybit BTWUSDT | +0.0609% | 4h | 0.8024 | +0.036% | $15.6M | $41.4M | 10x | as long as short |
| Aster BTWUSDT | +0.0786% | 4h | 0.8036 | +0.184% | $2.2M | $3.3M | 5x | as long as short |
| Bitget BTWUSDT | +0.0794% | 4h | 0.8032 | +0.143% | $25.2M | $15.1M | 5x | as long as short |
| BingX BTW-USDT | +0.0914% | 4h | 0.8040 | +0.240% | — | $4.2M | — | as long as short |
| Gate BTW_USDT | +0.0918% | 4h | 0.8025 | +0.053% | $3.3M | $17.9M | 10x | as long as short |
| Binance BTWUSDTshort | +0.0941% | 4h | 0.8031 | +0.127% | $111.6M | $179.3M | 10x | |
| Extended BTW-USD | +0.0944% | 1h | 0.8040 | +0.236% | $34K | $15K | 5x | as long as short |
| MEXC BTW_USDT | +0.0948% | 4h | 0.8038 | +0.215% | $9.0M | $6.5M | 20x | as long as short |
HTX BTW-USDT
Bybit BTWUSDT
Aster BTWUSDT
Bitget BTWUSDT
BingX BTW-USDT
Gate BTW_USDT
Extended BTW-USD
MEXC BTW_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.0959% | 4h | 0.8018 | −0.030% | $348K | $518K | 10x | as long as short |
edgeX BTWUSDC