Funding you earn now, next payment 04:00 UTC+0.0692%/8h= +75.7% APRnext payment +$3.46 per $10,000 · paid last 24h +0.102%
Price spread now: Binance against KuCoin+0.181%7-day average +0.106% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,160as in the Price arb table
costs, in and out, $10k−$1,16711.675% of the position
Funding, last 7 days+0.370%+$37 on $10k
+Price spread, last 7 days−0.048%−$5 · spread now +0.181%, 7d avg +0.106%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Binance is 0.075% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.106%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.370% in total (about 19.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.46 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 USUSDTM | 0.01635 | 0.0100 | pay 0.0050% / 4h | 3h 26m | $4.2M | $276K | 20x |
| Short | Binance USUSDT | 0.01638 | 0.0792 | get 0.0396% / 4h | 3h 26m | $9.2M | $3.1M | 10x |
KuCoin USUSDTM
Binance USUSDTFunding 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
- $145.24
- Price spread: +0.181% → +0.106%
- $7.53
- Slippage, 4 orders
- −$1,145.47
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,014.69
- Costs to cover
- 11.675%
- Break-even
- 55.9 days
Slippage from KuCoin: live order book, 1 min ago; Binance: live order book, 13 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, 1 min ago | 23.23 bp | 641.2 bp −$641 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.61 bp | 42.4 bp −$42 | 238.0 bp −$2,380 | doesn't fit | doesn't fit |
US 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit USUSDT | +0.0100% | 4h | 0.01640 | +0.281% | $3.2M | $875K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01640 | +0.294% | $2.1M | $562K | 20x | as long as short |
| KuCoin USUSDTMlong | +0.0100% | 4h | 0.01635 | long leg | $4.2M | $276K | 20x | |
| Variational Omni US | +0.0100% | 4h | 0.01647 | +0.724% | $16K | $3K | — | as long as short |
| Bitget USUSDT | +0.0404% | 4h | 0.01640 | +0.306% | $4.3M | $250K | 10x | as long as short |
| Aster USUSDT | +0.0743% | 4h | 0.01641 | +0.330% | $12K | $53K | 5x | as long as short |
| BingX US-USDT | +0.0764% | 4h | 0.01641 | +0.342% | — | $1.3M | — | as long as short |
| MEXC US_USDT | +0.0790% | 4h | 0.01638 | +0.177% | $5.5M | $113K | 100x | as long as short |
| Binance USUSDTshort | +0.0792% | 4h | 0.01638 | +0.181% | $9.2M | $3.1M | 10x | |
| Extended US-USD | +0.0792% | 1h | 0.01639 | +0.221% | $2K | $132K | 5x | as long as short |
Bybit USUSDT
Gate US_USDT
Variational Omni US
Bitget USUSDT
Aster USUSDT
BingX US-USDT
MEXC US_USDT
Extended US-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin US-USDT | +0.0800% | 4h | 0.01640 | +0.275% | $478K | $49K | 10x | as long as short |
BloFin US-USDT