Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.13 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin−0.177%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$258as in the Funding arb table
Net, price: spread back to 7d avg − costs−$270as in the Price arb table
costs, in and out, $10k−$2572.569% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)+0.213%+$21 · spread now −0.177%, 7d avg −0.049%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.128% cheaper against KuCoin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COMPUSDTM | 22.640 | 0.0100 | pay 0.0100% / 8h | 1h 54m | $409K | $113K | 30x |
| Short | Binance COMPUSDT | 22.600 | 0.0087 | get 0.0087% / 8h | 1h 54m | $4.2M | $6.6M | 75x |
Funding 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
- −$2.76
- Price spread: −0.177% → −0.049%
- −$12.76
- Slippage, 4 orders
- −$234.91
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$272.43
- Costs to cover
- 2.569%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 63 min ago; Binance: live order book, 14 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, 63 min ago | 13.35 bp | 77.6 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 2.22 bp | 18.3 bp −$18 | 61.1 bp −$611 | doesn't fit | doesn't fit |
COMP on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit COMP_USDC-PERPETUAL | −0.1076% | 1h | 22.600 | −0.177% | $217 | $439 | 50x | as long as short |
| Kraken Futures PF_COMPUSD | −0.0381% | 1h | 22.639 | −0.004% | $224K | $95K | 20x | as long as short |
| dYdX COMP-USD | 0.0000% | 1h | 22.640 | 0.000% | $69K | — | 5x | as long as short |
| Injective COMP/USDC PERP | +0.0033% | 1h | 22.820 | +0.795% | $1K | $13K | 12x | as long as short |
| MEXC COMP_USDT | +0.0085% | 8h | 22.590 | −0.221% | $2.6M | $815K | 20x | as long as short |
| Binance COMPUSDTshort | +0.0087% | 8h | 22.600 | −0.177% | $4.2M | $6.6M | 75x | |
| BloFin COMP-USDT | +0.0091% | 8h | 22.620 | −0.088% | $236K | $177K | 20x | as long as short |
| Hyperliquid COMP | +0.0100% | 1h | 22.624 | −0.072% | $814K | $377K | 5x | as long as short |
| Bybit COMPUSDT | +0.0100% | 8h | 22.601 | −0.172% | $3.8M | $1.7M | 75x | as long as short |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.620 | −0.088% | $1.7M | $2.3M | 20x | as long as short |
Show all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate COMP_USDT | +0.0100% | 8h | 22.660 | +0.088% | $221K | $59K | 25x | as long as short |
| KuCoin COMPUSDTMlong | +0.0100% | 8h | 22.640 | long leg | $409K | $113K | 30x | |
| Bitget COMPUSDT | +0.0100% | 8h | 22.590 | −0.221% | $1.9M | $613K | 75x | as long as short |
| BingX COMP-USDT | +0.0100% | 8h | 22.620 | −0.088% | — | $34.4M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.631 | −0.040% | $14K | $30K | — | as long as short |
| Coinbase International COMP-PERP-INTX | +0.0520% | 1h | 22.720 | +0.353% | $17K | $43K | 25x | as long as short |
KuCoin COMPUSDTM
Binance COMPUSDT
Deribit COMP_USDC-PERPETUAL
Kraken Futures PF_COMPUSD
Injective COMP/USDC PERP
MEXC COMP_USDT
BloFin COMP-USDT
Hyperliquid COMP
Bybit COMPUSDT
OKX COMP-USDT-SWAP
Gate COMP_USDT
Bitget COMPUSDT
BingX COMP-USDT
Variational Omni COMP
Coinbase International COMP-PERP-INTX