Funding you earn now, next payment 08:00 UTC−0.0089%/8h= −9.7% APRnext payment −$0.89 per $10,000 · paid last 24h +0.038%
Price spread now: Binance against KuCoin+0.003%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,150as in the Price arb table
costs, in and out, $10k−$1,14711.470% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now +0.003%, 7d avg +0.032%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.030% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.032%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.076%, 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 LLYUSDTM | 1,163.7 | 0.0100 | pay 0.0100% / 8h | 4h 09m | $137K | $74K | 20x |
| Short | Binance LLYUSDT | 1,163.7 | 0.0011 | get 0.0011% / 8h | 4h 09m | $2.0M | $3.1M | 20x |
KuCoin LLYUSDTM
Binance LLYUSDTFunding 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
- −$18.61
- Price spread: +0.003% → +0.032%
- −$2.97
- Slippage, 4 orders
- −$1,125.03
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,168.61
- Costs to cover
- 11.470%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 65 min ago; Binance: live order book, 11 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, 65 min ago | 12.91 bp | 485.1 bp −$485 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 1.03 bp | 11.6 bp −$12 | 35.8 bp −$358 | doesn't fit | doesn't fit |
LLY on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin LLY-USDT | −0.0001% | 8h | 1,164 | +0.027% | $83K | $85K | 20x | as long as short |
| Aster LLYUSDT | 0.0000% | 8h | 1,163.4 | −0.023% | $24K | $3K | 20x | as long as short |
| Bybit LLYUSDT | 0.0000% | 8h | 1,163 | −0.059% | $1.3M | $523K | 25x | as long as short |
| OKX LLY-USDT-SWAP | 0.0000% | 8h | 1,163.4 | −0.026% | $790K | $645K | 20x | as long as short |
| Gate LLY_USDT | 0.0000% | 8h | 1,163.2 | −0.043% | $1.3M | $881K | 25x | as long as short |
| Bitget LLYUSDT | 0.0000% | 8h | 1,164.1 | +0.030% | $2.3M | $169K | 20x | as long as short |
| Variational Omni LLY | 0.0000% | 8h | 1,163.5 | −0.014% | $192K | $18K | — | as long as short |
| GRVT LLY_USDT_Perp | 0.0000% | 8h | 1,164.1 | +0.037% | $221 | $186K | 10x | as long as short |
| SunX LLY-USDT | 0.0000% | 8h | 1,163.7 | 0.000% | $2K | $5.8M | 10x | as long as short |
| HTX LLY-USDT | 0.0000% | 8h | 1,162.4 | −0.111% | $5K | $41K | 20x | as long as short |
BloFin LLY-USDT
Aster LLYUSDT
Bybit LLYUSDT
OKX LLY-USDT-SWAP
Gate LLY_USDT
Bitget LLYUSDT
Variational Omni LLY
GRVT LLY_USDT_Perp
SunX LLY-USDT
HTX LLY-USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance LLYUSDTshort | +0.0011% | 8h | 1,163.7 | +0.003% | $2.0M | $3.1M | 20x | |
| Aftermath Perps LLYUSD | +0.0021% | 1h | 1,162.9 | −0.068% | $47K | $41K | 5x | as long as short |
| QFEX LLY-USD | +0.0035% | 1h | 1,163.7 | +0.001% | $1.2M | $4.2M | 10x | as long as short |
| Vest LLY-USD-PERP | +0.0046% | 1h | 1,162.8 | −0.081% | — | — | 25x | as long as short |
| tradeXYZ xyz:LLY | +0.0050% | 1h | 1,162.9 | −0.069% | $8.7M | $1.2M | 10x | as long as short |
| KuCoin LLYUSDTMlong | +0.0100% | 8h | 1,163.7 | long leg | $137K | $74K | 20x | |
| Nado LLY-PERP | +0.0154% | 1h | 1,162.4 | −0.109% | $39K | $251 | 10x | as long as short |
| Injective LLY/USDC PERP | +0.0220% | 1h | 1,176.2 | +1.074% | $7K | $24K | 12x | as long as short |
| Phoenix LLY | +0.0275% | 1h | 1,163.6 | −0.009% | $1K | $7K | 10x | as long as short |
Aftermath Perps LLYUSD
QFEX LLY-USD
Vest LLY-USD-PERP
tradeXYZ xyz:LLY
Nado LLY-PERP
Injective LLY/USDC PERP
Phoenix LLY