Funding you earn now, next payment 08:00 UTC−0.0370%/8h= −40.5% APRnext payment −$1.85 per $10,000 · paid last 24h +0.004%
Price spread now: Binance against KuCoin+0.019%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$377as in the Funding arb table
Net, price: spread back to 7d avg − costs−$366as in the Price arb table
costs, in and out, $10k−$3693.689% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 7 days−0.131%−$13 · spread now +0.019%, 7d avg −0.014%
=The price spread pays, funding is against you. Binance is 0.033% dearer against KuCoin than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.014%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.086% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.85 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 TUSDTM | 0.005289 | −0.0276 | get 0.0138% / 4h | 1h 28m | $1.4M | $94K | 12x |
| Short | Binance TUSDT | 0.005290 | −0.0646 | pay 0.0323% / 4h | 1h 28m | $3.2M | $7.7M | 50x |
KuCoin TUSDTM
Binance TUSDTFunding 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
- −$77.67
- Price spread: +0.019% → −0.014%
- $3.28
- Slippage, 4 orders
- −$346.86
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$443.25
- Costs to cover
- 3.689%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; Binance: live order book, 11 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, 7 min ago | 11.37 bp | 165.8 bp −$166 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.95 bp | 17.6 bp −$18 | 46.9 bp −$469 | doesn't fit | doesn't fit |
T on 8 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_TUSD | −0.1855% | 1h | 0.005296 | +0.130% | $4K | $4K | 10x | as long as short |
| Bybit TUSDT | −0.1409% | 4h | 0.005293 | +0.076% | $1.6M | $1.6M | 25x | as long as short |
| Variational Omni T | −0.0993% | 4h | 0.005286 | −0.065% | $7K | $6K | — | as long as short |
| Gate T_USDT | −0.0864% | 4h | 0.005293 | +0.076% | $211K | $93K | 20x | as long as short |
| Bitget TUSDT | −0.0772% | 4h | 0.005283 | −0.113% | $912K | $601K | 50x | as long as short |
| Binance TUSDTshort | −0.0646% | 4h | 0.005290 | +0.019% | $3.2M | $7.7M | 50x | |
| MEXC T_USDT | −0.0640% | 4h | 0.005287 | −0.038% | $3.1M | $231K | 20x | as long as short |
| KuCoin TUSDTMlong | −0.0276% | 4h | 0.005289 | long leg | $1.4M | $94K | 12x |
Kraken Futures PF_TUSD
Bybit TUSDT
Variational Omni T
Gate T_USDT
Bitget TUSDT
MEXC T_USDT