Funding you earn now, next payment 01:00 UTC−0.5024%/8h= −550.1% APRnext payment −$6.28 per $10,000 · paid last 24h −1.127%
Price spread now: Binance against KuCoin+0.512%7-day average +0.164% · you sell dearer than you buy
Net, funding: paid 7d − costs−$388as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$1201.196% of the position
Funding, last 7 days−2.681%−$268 on $10k
+Price spread, last 7 days−0.494%−$49 · spread now +0.512%, 7d avg +0.164%
=The price spread pays, funding is against you. Binance is 0.347% dearer against KuCoin than usual: you sell high and buy low (spread +0.512% now, against its 7-day average of +0.164%): +$35 on $10k if it goes back. Holding the pair costs −$151 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−2.681% in total) that is about 22 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.681% in total (about -139.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin GUSDTM | 0.006254 | −1.0848 | get 0.1356% / 1h | 49m 46s | $1.6M | $1.5M | 30x |
| Short | Binance GUSDT | 0.006286 | −1.5872 | pay 0.1984% / 1h | 49m 46s | $9.1M | $83.5M | 50x |
KuCoin GUSDTM
Binance GUSDTFunding 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
- −$1,055.07
- Price spread: +0.512% → +0.164%
- $34.75
- Slippage, 4 orders
- −$97.58
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,139.91
- Costs to cover
- 1.196%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; Binance: live order book, 8 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, 6 min ago | 4.00 bp | 45.9 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 2.36 bp | 18.9 bp −$19 | 92.1 bp −$921 | doesn't fit | doesn't fit |
G on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate G_USDT | −2.0008% | 1h | 0.006286 | +0.512% | $873K | $5.9M | 25x | as long as short |
| Binance GUSDTshort | −1.5872% | 1h | 0.006286 | +0.512% | $9.1M | $83.5M | 50x | |
| MEXC G_USDT | −1.5872% | 1h | 0.006313 | +0.943% | $4.0M | $1.4M | 20x | as long as short |
| Aster GUSDT | −1.5336% | 1h | 0.006296 | +0.667% | $623K | $2.0M | 5x | as long as short |
| KuCoin GUSDTMlong | −1.0848% | 1h | 0.006254 | long leg | $1.6M | $1.5M | 30x | |
| Bitget GUSDT | −0.9984% | 1h | 0.006269 | +0.240% | $1.4M | $10.4M | 50x | as long as short |
| BingX G-USDT | −0.3416% | 1h | 0.006287 | +0.528% | — | $3.1M | — | as long as short |
Gate G_USDT
MEXC G_USDT
Aster GUSDT
Bitget GUSDT
BingX G-USDT