Funding you earn now, next payment 08:00 UTC+0.0756%/8h= +82.8% APRnext payment +$3.78 per $10,000 · paid last 24h +0.271%
Price spread now: KuCoin against Binance−1.186%7-day average −0.258% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$416as in the Price arb table
costs, in and out, $10k−$3233.233% of the position
Funding, last 7 days+2.220%+$222 on $10k
+Price spread, last 7 days+1.801%+$180 · spread now −1.186%, 7d avg −0.258%
=Funding pays, the price is against you. KuCoin is 0.928% cheaper against Binance than usual: you would sell low and buy high (spread −1.186% now, against its 7-day average of −0.258%). If the spread goes back, that is −$93 on $10k: about 4.1 days of funding at the current rate (+$23 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUSDT | 1.4241 | 0.0494 | pay 0.0247% / 4h | 3h 44m | $5.6M | $3.8M | 10x |
| Short | KuCoin MUSDTM | 1.4072 | 0.1250 | get 0.0625% / 4h | 3h 44m | $1.4M | $3.9M | 10x |
Binance MUSDT
KuCoin MUSDTMFunding 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
- $158.74
- Price spread: −1.186% → −0.258%
- −$92.81
- Slippage, 4 orders
- −$301.25
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$257.33
- Costs to cover
- 3.233%
- Break-even
- 18.3 days
Slippage from Binance: live order book, 8 min ago; KuCoin: live order book, 3 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 | 0.35 bp | 37.1 bp −$37 | 384.8 bp −$3,848 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 6.24 bp | 112.8 bp −$113 | doesn't fit | doesn't fit | doesn't fit |
M on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDT | +0.0100% | 4h | 1.4228 | −0.091% | $4.4M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4226 | −0.105% | $1.9M | $868K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4252 | +0.077% | $1.8M | $252K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4243 | +0.014% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4263 | +0.154% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4259 | +0.126% | $2K | $771K | 20x | as long as short |
| Aster MUSDT | +0.0329% | 4h | 1.4228 | −0.089% | $15K | $87K | 5x | as long as short |
| BloFin M-USDT | +0.0483% | 4h | 1.4277 | +0.253% | $359K | $449K | 10x | as long as short |
| BingX M-USDT | +0.0490% | 4h | 1.4233 | −0.056% | — | $2.4M | — | as long as short |
| MEXC M_USDT | +0.0494% | 4h | 1.4243 | +0.014% | $236K | $105K | 50x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BloFin M-USDT
BingX M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDTlong | +0.0494% | 4h | 1.4241 | long leg | $5.6M | $3.8M | 10x | |
| KuCoin MUSDTMshort | +0.1250% | 4h | 1.4072 | −1.186% | $1.4M | $3.9M | 10x |