Funding you earn now, next payment 08:00 UTC+0.0096%/8h= +10.6% APRnext payment +$0.48 per $10,000 · paid last 24h +0.004%
Price spread now: KuCoin against Binance−0.029%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1391.389% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 7 days+0.061%+$6 · spread now −0.029%, 7d avg +0.033%
=Funding pays, the price is against you. KuCoin is 0.062% cheaper against Binance than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.033%). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.013% in total) that is about 34 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ETHFIUSDT | 0.6974 | 0.0004 | pay 0.0002% / 4h | 2h 49m | $24.2M | $35.4M | 75x |
| Short | KuCoin ETHFIUSDTM | 0.6972 | 0.0100 | get 0.0050% / 4h | 2h 49m | $1.2M | $230K | 50x |
Binance ETHFIUSDT
KuCoin ETHFIUSDTMFunding 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
- $20.24
- Price spread: −0.029% → +0.033%
- −$6.2
- Slippage, 4 orders
- −$116.93
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$124.9
- Costs to cover
- 1.389%
- Break-even
- 50.2 days
Slippage from Binance: live order book, 7 min ago; KuCoin: live order book, 10 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, 7 min ago | 0.72 bp | 13.1 bp −$13 | 36.2 bp −$362 | 176.8 bp −$17.7K | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 9.36 bp | 58.6 bp −$59 | 221.8 bp −$2,218 | doesn't fit | doesn't fit |
ETHFI on 24 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 ETHFI_USDC-PERPETUAL | −0.0610% | 1h | 0.6974 | 0.000% | $40K | $10K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0409% | 1h | 0.6993 | +0.270% | $278K | $259K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0385% | 4h | 0.6973 | −0.014% | $81K | $182K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0258% | 4h | 0.6971 | −0.043% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0159% | 4h | 0.6975 | +0.014% | $17.4M | $12.7M | 25x | as long as short |
| Variational Omni ETHFI | −0.0065% | 4h | 0.6978 | +0.061% | $951K | $724K | — | as long as short |
| Binance ETHFIUSDTlong | +0.0004% | 4h | 0.6974 | long leg | $24.2M | $35.4M | 75x | |
| MEXC ETHFI_USDT | +0.0006% | 4h | 0.6973 | −0.014% | $15.8M | $4.1M | 125x | as long as short |
| Extended ETHFI-USD | +0.0008% | 1h | 0.6963 | −0.159% | $95K | $506K | 10x | as long as short |
| Aster ETHFIUSDT | +0.0021% | 4h | 0.6983 | +0.126% | $178K | $255K | 10x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Bybit ETHFIUSDT
Variational Omni ETHFI
MEXC ETHFI_USDT
Extended ETHFI-USD
Aster ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex ETHFI-USD-PERP | +0.0032% | 8h | 0.6975 | +0.011% | $6K | — | 5x | as long as short |
| BloFin ETHFI-USDT | +0.0032% | 4h | 0.6975 | +0.014% | $1.2M | $239K | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.814% | $321 | $51K | 5.5x | as long as short |
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6970 | −0.057% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6981 | +0.099% | $1.1M | $830K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6977 | +0.039% | $17.0M | $8.3M | 5x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6981 | +0.100% | $5.0M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6980 | +0.086% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTMshort | +0.0100% | 4h | 0.6972 | −0.029% | $1.2M | $230K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6973 | −0.014% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6977 | +0.043% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6983 | +0.129% | $64K | $125K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6987 | +0.186% | $2K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0376% | 1h | 0.7054 | +1.147% | $31K | $5K | 50x | as long as short |
Paradex ETHFI-USD-PERP
BloFin ETHFI-USDT
Injective ETHFI/USDC PERP
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX