Funding you earn now, next payment 08:00 UTC−0.0044%/8h= −4.9% APRnext payment −$0.22 per $10,000 · paid last 24h −0.026%
Price spread now: Binance against KuCoin−0.161%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$640as in the Funding arb table
Net, price: spread back to 7d avg − costs−$639as in the Price arb table
costs, in and out, $10k−$6306.300% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 7 days+0.179%+$18 · spread now −0.161%, 7d avg −0.067%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.094% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.067%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PYTHUSDTM | 0.06305 | 0.0100 | pay 0.0050% / 4h | 1h 02m | $1.5M | $370K | 50x |
| Short | Binance PYTHUSDT | 0.06295 | 0.0056 | get 0.0028% / 4h | 1h 02m | $8.9M | $19.5M | 75x |
KuCoin PYTHUSDTM
Binance PYTHUSDTFunding 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
- −$9.34
- Price spread: −0.161% → −0.067%
- −$9.41
- Slippage, 4 orders
- −$607.98
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$648.73
- Costs to cover
- 6.300%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 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, 3 min ago | 9.49 bp | 302.7 bp −$303 | 823.5 bp −$8,235 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.58 bp | 17.2 bp −$17 | 39.2 bp −$392 | 161.6 bp −$16.2K | doesn't fit |
PYTH on 23 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 PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06310 | +0.079% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | 0.0000% | 1h | 0.06308 | +0.054% | $35K | $67K | 10x | as long as short |
| BloFin PYTH-USDT | +0.0016% | 4h | 0.06307 | +0.032% | $423K | $72K | 75x | as long as short |
| dYdX PYTH-USD | +0.0020% | 1h | 0.06305 | −0.002% | $187K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.714% | $553 | $220K | 5.5x | as long as short |
| MEXC PYTH_USDT | +0.0054% | 4h | 0.06296 | −0.143% | $10.4M | $2.7M | 125x | as long as short |
| Binance PYTHUSDTshort | +0.0056% | 4h | 0.06295 | −0.161% | $8.9M | $19.5M | 75x | |
| Lighter PYTH | +0.0096% | 1h | 0.06307 | +0.032% | $193K | $218K | 5x | as long as short |
| Aevo PYTH-PERP | +0.0096% | 1h | 0.06305 | 0.000% | $23K | — | 3x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06293 | −0.194% | $3K | — | 10x | as long as short |
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP
BloFin PYTH-USDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
MEXC PYTH_USDT
Lighter PYTH
Aevo PYTH-PERP
Paradex PYTH-USD-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PYTH | +0.0100% | 1h | 0.06305 | +0.003% | $2.2M | $2.0M | 5x | as long as short |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06298 | −0.115% | $21K | $46K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06301 | −0.063% | $7.5M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06300 | −0.079% | $2.1M | $3.6M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06307 | +0.032% | $1.0M | $537K | 75x | as long as short |
| KuCoin PYTHUSDTMlong | +0.0100% | 4h | 0.06305 | long leg | $1.5M | $370K | 50x | |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06298 | −0.111% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06300 | −0.079% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06317 | +0.197% | $40K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06304 | −0.016% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0131% | 1h | 0.06310 | +0.086% | $382K | $318K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06302 | −0.052% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0368% | 1h | 0.06427 | +1.935% | $40K | $19K | 25x | as long as short |
Hyperliquid PYTH
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX