Funding you earn now, next payment 08:00 UTC−0.0459%/8h= −50.2% APRnext payment −$4.59 per $10,000 · paid last 24h −0.041%
Price spread now: KuCoin against Binance−0.096%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$860.859% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 2 days (all we have)+0.048%+$5 · spread now −0.096%, 7d avg −0.044%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and KuCoin is 0.052% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.044%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.59 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 DRAMUSDT | 62.480 | 0.0559 | pay 0.0559% / 8h | 7h 23m | $44.7M | $82.0M | 50x |
| Short | KuCoin DRAMUSDTM | 62.420 | 0.0100 | get 0.0100% / 8h | 7h 23m | $3.0M | $426K | 20x |
Binance DRAMUSDT
KuCoin DRAMUSDTMFunding 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
- −$96.33
- Price spread: −0.096% → −0.044%
- −$5.16
- Slippage, 4 orders
- −$63.89
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$187.37
- Costs to cover
- 0.859%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; KuCoin: live order book, 4 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, 4 min ago | 0.80 bp | 5.8 bp −$6 | 7.9 bp −$79 | 32.2 bp −$3,222 | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 1.60 bp | 25.6 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
DRAM on 34 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX DRAM-USDT | 0.0000% | 8h | 62.470 | −0.016% | $717 | $3.0M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 62.410 | −0.112% | $28K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 62.440 | −0.064% | $1.8M | $1.3M | 10x | as long as short |
| Aftermath Perps DRAMUSD | +0.0036% | 1h | 62.431 | −0.079% | $1K | $35K | 5x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 62.440 | −0.064% | — | — | 10x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 62.453 | −0.043% | $267K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 62.436 | −0.070% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 62.400 | −0.128% | $1.1M | $1.9M | 10x | as long as short |
| edgeX DRAMUSDC | +0.0067% | 4h | 62.534 | +0.087% | $151K | $295K | 20x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0070% | 1h | 62.460 | −0.032% | $13K | $3K | 20x | as long as short |
SunX DRAM-USDT
HTX DRAM-USDT
Phemex DRAMUSDT
Aftermath Perps DRAMUSD
Vest DRAM-USD-PERP
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
edgeX DRAMUSDC
Deribit DRAM_USDC-PERPETUALShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica DRAM | +0.0100% | 1h | 62.473 | −0.011% | $76K | $41K | 10x | as long as short |
| KuCoin DRAMUSDTMshort | +0.0100% | 8h | 62.420 | −0.096% | $3.0M | $426K | 20x | |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 62.550 | +0.112% | $22K | $186K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 62.500 | +0.032% | $9K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 62.469 | −0.017% | $4K | — | 10x | as long as short |
| Lighter DRAM | +0.0120% | 1h | 62.467 | −0.021% | $972K | $1.3M | 20x | as long as short |
| QFEX DRAM-USD | +0.0160% | 1h | 62.460 | −0.032% | $1.0M | $78K | 10x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0184% | 1h | 62.390 | −0.144% | $540K | $96K | 20x | as long as short |
| Paradex DRAM-USD-PERP | +0.0221% | 8h | 62.496 | +0.025% | — | — | 5x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0235% | 8h | 62.480 | 0.000% | $5.5M | $4.7M | 50x | as long as short |
| tradeXYZ xyz:DRAM | +0.0241% | 1h | 62.463 | −0.027% | $82.1M | $37.4M | 20x | as long as short |
| Aster DRAMUSDT | +0.0431% | 8h | 62.364 | −0.186% | $201K | $36K | 20x | as long as short |
| Bybit DRAMUSDT | +0.0436% | 8h | 62.520 | +0.064% | $9.6M | $10.4M | 100x | as long as short |
| Variational Omni DRAM | +0.0508% | 8h | 62.525 | +0.072% | $2.4M | $750K | — | as long as short |
| Bitget DRAMUSDT | +0.0510% | 8h | 62.470 | −0.016% | $26.2M | $12.9M | 20x | as long as short |
| Entropy io:DRAM | +0.0542% | 1h | 62.378 | −0.163% | $254K | $453K | 25x | as long as short |
| Extended DRAM-USD | +0.0552% | 1h | 62.456 | −0.039% | $76K | $761K | 10x | as long as short |
| MEXC DRAM_USDT | +0.0553% | 8h | 62.480 | 0.000% | $9.7M | $6.7M | 100x | as long as short |
| Binance DRAMUSDTlong | +0.0559% | 8h | 62.480 | long leg | $44.7M | $82.0M | 50x | |
| Arcus DRAM-USD | +0.0606% | 1h | 62.450 | −0.048% | $51K | $81K | 10x | as long as short |
| Gate DRAM_USDT | +0.0763% | 8h | 62.490 | +0.016% | $8.3M | $3.5M | 75x | as long as short |
| BloFin DRAM-USDT | +0.0932% | 8h | 62.550 | +0.112% | $299K | $26K | 20x | as long as short |
| GRVT DRAM_USDT_Perp | +0.1008% | 8h | 62.540 | +0.096% | $37K | $156K | 10x | as long as short |
| RISEx DRAM/USDC | +0.1096% | 1h | 62.470 | −0.016% | $461K | $495K | 20x | as long as short |
Pacifica DRAM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Aevo DRAM-PERP
Lighter DRAM
QFEX DRAM-USD
Coinbase International DRAM-PERP-INTX
Paradex DRAM-USD-PERP
OKX DRAM-USDT-SWAP
tradeXYZ xyz:DRAM
Aster DRAMUSDT
Bybit DRAMUSDT
Variational Omni DRAM
Bitget DRAMUSDT
Entropy io:DRAM
Extended DRAM-USD
MEXC DRAM_USDT
Arcus DRAM-USD
Gate DRAM_USDT
BloFin DRAM-USDT
GRVT DRAM_USDT_Perp
RISEx DRAM/USDC