Funding you earn now, next payment 00:00 UTC−0.0369%/8h= −40.4% APRnext payment −$1.84 per $10,000 · paid last 24h −0.095%
Price spread now: KuCoin against Binance−0.114%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$697as in the Funding arb table
Net, price: spread back to 7d avg − costs−$675as in the Price arb table
costs, in and out, $10k−$6696.685% of the position
Funding, last 7 days−0.282%−$28 on $10k
+Price spread, last 7 days+0.069%+$7 · spread now −0.114%, 7d avg −0.054%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.061% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.054%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SOONUSDT | 0.1948 | 0.0469 | pay 0.0234% / 4h | 3h 30m | $8.0M | $1.9M | 50x |
| Short | KuCoin SOONUSDTM | 0.1946 | 0.0100 | get 0.0050% / 4h | 3h 30m | $1.8M | $3.1M | 50x |
Binance SOONUSDT
KuCoin SOONUSDTMFunding 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
- −$77.4
- Price spread: −0.114% → −0.054%
- −$6.06
- Slippage, 4 orders
- −$646.53
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$751.99
- Costs to cover
- 6.685%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 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, 10 min ago | 2.58 bp | 21.9 bp −$22 | 158.5 bp −$1,585 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 1.03 bp | 298.9 bp −$299 | 756.9 bp −$7,569 | doesn't fit | doesn't fit |
SOON on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOONUSD | −0.0126% | 1h | 0.1942 | −0.309% | $11K | $1K | 10x | as long as short |
| BingX SOON-USDT | +0.0070% | 4h | 0.1942 | −0.294% | — | $6.7M | — | as long as short |
| OKX SOON-USDT-SWAP | +0.0100% | 4h | 0.1947 | −0.037% | $1.9M | $420K | 20x | as long as short |
| Gate SOON_USDT | +0.0100% | 4h | 0.1941 | −0.345% | $3.1M | $91K | 50x | as long as short |
| KuCoin SOONUSDTMshort | +0.0100% | 4h | 0.1946 | −0.114% | $1.8M | $3.1M | 50x | |
| Bitget SOONUSDT | +0.0300% | 4h | 0.1941 | −0.345% | $9.1M | $206K | 25x | as long as short |
| Binance SOONUSDTlong | +0.0469% | 4h | 0.1948 | long leg | $8.0M | $1.9M | 50x | |
| Extended SOON-USD | +0.0472% | 1h | 0.1946 | −0.071% | $7K | $207K | 5x | as long as short |
| Aster SOONUSDT | +0.0769% | 4h | 0.1941 | −0.320% | $189K | $2K | 5x | as long as short |
| Variational Omni SOON | +0.3386% | 4h | 0.1930 | −0.886% | $221K | $4K | — | as long as short |
Kraken Futures PF_SOONUSD
BingX SOON-USDT
OKX SOON-USDT-SWAP
Gate SOON_USDT
Bitget SOONUSDT
Extended SOON-USD
Aster SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.7094% | 4h | 0.1931 | −0.859% | $2.5M | $1.1M | 25x | as long as short |
Bybit SOONUSDT