COST

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.026%

Price spread now: Binance against KuCoin+0.139%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$969as in the Funding arb table

Net, price: spread back to 7d avg − costs−$955as in the Price arb table

costs, in and out, $10k−$9609.600% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.139%, 7d avg +0.088%

Together, before fees−0.105%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.051% dearer against KuCoin than usual: you sell high and buy low (spread +0.139% now, against its 7-day average of +0.088%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 7 days (−0.090% in total) that is about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COSTUSDTM	901.70	0.0100	pay 0.0100% / 8h	2h 08m	$47K	$899K	20x
Short	Binance COSTUSDT	902.95	0	get 0.0000% / 8h	2h 08m	$1.1M	$1.0M	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BinancebpOrdersPrice spread, now +0.139%Rate

Funding earned: −$21
Price spread: +0.139% → +0.088%: $5.11
Slippage, 4 orders: −$937.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$975.87
Costs to cover: 9.600%
Break-even: never at this rate

Slippage from KuCoin: live order book, 21 min ago; Binance: live order book, 9 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, 21 min ago	35.00 bp	495.5 bp −$495	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.05 bp	6.5 bp −$6	41.4 bp −$414	doesn't fit	doesn't fit

COST on 15 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 COSTUSDT	0.0000%	8h	903.05	+0.150%	$45K	$178	20x	as long as short
Binance COSTUSDTshort	0.0000%	8h	902.95	+0.139%	$1.1M	$1.0M	20x
Bybit COSTUSDT	0.0000%	8h	902.78	+0.120%	$491K	$221K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	903.18	+0.164%	$443K	$123K	10x	as long as short
Gate COST_USDT	0.0000%	8h	902.77	+0.119%	$523K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	903.00	+0.144%	$403K	$78K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.80	+0.122%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	901.70	0.000%	$1K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	904.36	+0.295%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0003%	1h	902.72	+0.113%	$1.1M	$2.5M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.078%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.383%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.82	+0.124%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	902.62	+0.102%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTMlong	+0.0100%	8h	901.70	long leg	$47K	$899K	20x