Funding you earn now, next payment 08:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.15 per $10,000 · paid last 24h +0.237%
Price spread now: Binance against KuCoin−0.266%7-day average −0.172% · you buy dearer than you sell
Net, funding: paid 7d − costs−$323as in the Funding arb table
Net, price: spread back to 7d avg − costs−$378as in the Price arb table
costs, in and out, $10k−$3683.683% of the position
Funding, last 7 days+0.457%+$46 on $10k
+Price spread, last 2 days (all we have)−0.061%−$6 · spread now −0.266%, 7d avg −0.172%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.094% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.172%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.457%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BNCUSDTM | 6.3390 | 0.0100 | pay 0.0100% / 8h | 5h 50m | $50K | $3.0M | 20x |
| Short | Binance BNCUSDT | 6.3221 | 0.0085 | get 0.0085% / 8h | 5h 50m | $14.5M | $34.3M | 10x |
KuCoin BNCUSDTM
Binance BNCUSDTFunding 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
- −$3.19
- Price spread: −0.266% → −0.172%
- −$9.36
- Slippage, 4 orders
- −$346.3
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$380.85
- Costs to cover
- 3.683%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Binance: live order book, 6 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, 2 min ago | 12.61 bp | 179.3 bp −$179 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.58 bp | 20.7 bp −$21 | 53.2 bp −$532 | 323.0 bp −$32.3K | doesn't fit |
BNC on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BNCUSDT | −0.2166% | 8h | 6.3338 | −0.082% | $1.1M | $3.3M | 5x | as long as short |
| Bybit BNCUSDT | −0.0648% | 8h | 6.3220 | −0.268% | $577K | $2.0M | 25x | as long as short |
| QFEX BNC-USD | −0.0008% | 1h | 6.3300 | −0.142% | $52K | $40K | 10x | as long as short |
| Variational Omni BNC | 0.0000% | 8h | 6.3333 | −0.090% | $103K | $133K | — | as long as short |
| Bullet BNC-USD | 0.0000% | 1h | 6.2972 | −0.659% | $9K | $69K | 10x | as long as short |
| HTX BNC-USDT | 0.0000% | 8h | 6.3350 | −0.063% | $14K | $33K | 10x | as long as short |
| Binance BNCUSDTshort | +0.0085% | 8h | 6.3221 | −0.266% | $14.5M | $34.3M | 10x | |
| KuCoin BNCUSDTMlong | +0.0100% | 8h | 6.3390 | long leg | $50K | $3.0M | 20x | |
| Aster BNCUSD1 | +0.0126% | 8h | 6.3615 | +0.354% | $182K | $22K | 10x | as long as short |
Bitget BNCUSDT
Bybit BNCUSDT
QFEX BNC-USD
Variational Omni BNC
Bullet BNC-USD
HTX BNC-USDT
Aster BNCUSD1