Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Binance+0.030%7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs−$958as in the Funding arb table
Net, price: spread back to 7d avg − costs−$966as in the Price arb table
costs, in and out, $10k−$9599.589% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 4 days (all we have)+0.111%+$11 · spread now +0.030%, 7d avg +0.103%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.073% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.103%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USUALUSDT | 0.01365 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $2.1M | $3.6M | 50x |
| Short | KuCoin USUALUSDTM | 0.01365 | 0.0100 | get 0.0050% / 4h | 3h 30m | $285K | $66K | 20x |
Binance USUALUSDT
KuCoin USUALUSDTMFunding 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
- $0
- Price spread: +0.030% → +0.103%
- −$7.33
- Slippage, 4 orders
- −$936.88
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$966.21
- Costs to cover
- 9.589%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 10 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, 12 min ago | 3.69 bp | 22.6 bp −$23 | 136.7 bp −$1,367 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 22.03 bp | 624.9 bp −$625 | doesn't fit | doesn't fit | doesn't fit |
USUAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4318% | 1h | 0.01340 | −1.802% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.1361% | 1h | 0.01364 | −0.012% | $111K | $25K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01365 | +0.030% | $388K | $241K | 3x | as long as short |
| Binance USUALUSDTlong | +0.0100% | 4h | 0.01365 | long leg | $2.1M | $3.6M | 50x | |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01366 | +0.089% | $1.0M | $973K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01364 | −0.043% | $910K | $257K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01365 | +0.008% | $6.0M | $284K | 100x | as long as short |
| KuCoin USUALUSDTMshort | +0.0100% | 4h | 0.01365 | +0.030% | $285K | $66K | 20x | |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01366 | +0.103% | $833K | $518K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01364 | −0.058% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01365 | +0.006% | $10K | $100 | — | as long as short |
Variational Omni USUAL