Funding you earn now, next payment 16:00 UTC−0.0194%/8h= −21.2% APRnext payment −$1.94 per $10,000 · paid last 24h −0.031%
Price spread now: KuCoin against Binance−0.051%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1641.644% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.117%−$12 · spread now −0.051%, 7d avg −0.096%
=The price spread pays, funding is against you. KuCoin is 0.045% dearer against Binance than usual: you sell high and buy low (spread −0.051% now, against its 7-day average of −0.096%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 18 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.003% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.94 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 | Binance BABAUSDT | 118.06 | 0.0294 | pay 0.0294% / 8h | 6h 55m | $15.4M | $31.6M | 20x |
| Short | KuCoin BABAUSDTM | 118.00 | 0.0100 | get 0.0100% / 8h | 6h 55m | $616K | $451K | 20x |
Binance BABAUSDT
KuCoin BABAUSDTMFunding 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
- −$40.75
- Price spread: −0.051% → −0.096%
- $4.47
- Slippage, 4 orders
- −$142.44
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$200.72
- Costs to cover
- 1.644%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; KuCoin: live order book, 29 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, 1 min ago | 0.42 bp | 9.0 bp −$9 | 25.1 bp −$251 | 109.4 bp −$10.9K | doesn't fit |
| Sell KuCoin live order book, 29 min ago | 20.94 bp | 44.9 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
BABA on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BABAUSDT | 0.0000% | 8h | 118.18 | +0.098% | $69K | $39K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.10 | +0.034% | $2.1M | $695K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.08 | +0.017% | $1.5M | $1.9M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 118.06 | 0.000% | $2.4M | $2.0M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.07 | +0.008% | $542 | $2.7M | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.18 | +0.102% | $376K | $71K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.10 | +0.034% | $438K | $496K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.880% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.23 | +0.144% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.06 | 0.000% | $8K | $280K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Vest BABA-USD-PERP
Polymarket Perps BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.07 | +0.008% | $230K | $410K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 118.09 | +0.025% | $1.2M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0093% | 1h | 118.02 | −0.034% | $12.0M | $4.8M | 10x | as long as short |
| KuCoin BABAUSDTMshort | +0.0100% | 8h | 118.00 | −0.051% | $616K | $451K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.09 | +0.025% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0244% | 8h | 118.10 | +0.036% | $359K | $685K | — | as long as short |
| Phoenix BABA | +0.0273% | 1h | 118.22 | +0.136% | $66K | $88K | 10x | as long as short |
| Binance BABAUSDTlong | +0.0294% | 8h | 118.06 | long leg | $15.4M | $31.6M | 20x | |
| Extended BABA_24_5-USD | +0.0296% | 1h | 118.06 | −0.004% | $45K | $311K | 10x | as long as short |
| Arcus BABA-USD | +0.0335% | 1h | 118.06 | 0.000% | $71K | $136K | 10x | as long as short |
| HTX BABA-USDT | +0.0341% | 8h | 118.11 | +0.042% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0745% | 8h | 118.21 | +0.127% | $3K | $178K | 10x | as long as short |
Ondo Perps BABA-USD.P
QFEX BABA-USD
tradeXYZ xyz:BABA
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Phoenix BABA
Extended BABA_24_5-USD
Arcus BABA-USD
HTX BABA-USDT
GRVT BABA_USDT_Perp