Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin−0.092%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$896as in the Funding arb table
Net, price: spread back to 7d avg − costs−$894as in the Price arb table
costs, in and out, $10k−$8958.955% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)−0.152%−$15 · spread now −0.092%, 7d avg −0.105%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USUALUSDTM | 0.01382 | 0.0100 | pay 0.0050% / 4h | 2h 15m | $272K | $56K | 20x |
| Short | Binance USUALUSDT | 0.01381 | 0.0100 | get 0.0050% / 4h | 2h 15m | $2.2M | $3.3M | 50x |
KuCoin USUALUSDTM
Binance USUALUSDTFunding 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
- $0
- Price spread: −0.092% → −0.105%
- $1.23
- Slippage, 4 orders
- −$873.46
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$894.22
- Costs to cover
- 8.955%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 20 min ago; Binance: live order book, 5 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, 20 min ago | 21.71 bp | 266.5 bp −$267 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 4.70 bp | 21.5 bp −$22 | 120.1 bp −$1,201 | 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 | −0.4129% | 1h | 0.01365 | −1.230% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0647% | 1h | 0.01380 | −0.179% | $112K | $18K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01381 | −0.072% | $395K | $180K | 3x | as long as short |
| Binance USUALUSDTshort | +0.0100% | 4h | 0.01381 | −0.092% | $2.2M | $3.3M | 50x | |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01382 | −0.007% | $1.0M | $751K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01383 | +0.072% | $935K | $180K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01381 | −0.080% | $6.0M | $241K | 100x | as long as short |
| KuCoin USUALUSDTMlong | +0.0100% | 4h | 0.01382 | long leg | $272K | $56K | 20x | |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01382 | 0.000% | $828K | $382K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01381 | −0.101% | — | $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 | 0.01381 | −0.069% | $10K | $208 | — | as long as short |
Variational Omni USUAL