Funding you earn now, next payment 04:00 UTC−0.0378%/8h= −41.4% APRnext payment −$1.89 per $10,000 · paid last 24h −0.050%
Price spread now: KuCoin against Binance−0.131%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.131% cheaper against Binance than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.025% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.89 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 MINIMAXUSDT | 38.130 | 0.0862 | pay 0.0431% / 4h | 33m 58s | $6.4M | $31.3M | 25x |
| Short | KuCoin MINIMAXUSDTM | 38.080 | 0.0484 | get 0.0242% / 4h | 33m 58s | $96K | $35K | 20x |
Binance MINIMAXUSDT
KuCoin MINIMAXUSDTMFunding 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
- −$79.43
- Price spread: −0.131% → 0.000%
- −$13.11
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$114.55
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 8 min ago; KuCoin: no order-book sample. Net counts fees only.
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, 8 min ago | 2.62 bp | 11.5 bp −$11 | 33.6 bp −$336 | 169.0 bp −$16.9K | doesn't fit |
| Sell KuCoin no order-book sample | — | — | — | — | — |
KuCoin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MINIMAX on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MINIMAX_USDT | 0.0000% | 8h | 38.170 | +0.105% | $1.4M | $3.8M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 38.060 | −0.184% | $15 | $2.4M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.081 | −0.129% | $43K | $218K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 38.049 | −0.212% | $43K | $25K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 38.038 | −0.241% | $95K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 38.020 | −0.288% | $29K | $38K | 5x | as long as short |
| Aevo MINIMAX-PERP | +0.0192% | 1h | 38.039 | −0.239% | — | — | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.0305% | 8h | 38.170 | +0.105% | $939K | $1.1M | 25x | as long as short |
| Aster MINIMAXUSDT | +0.0342% | 8h | 38.048 | −0.214% | $34K | $150K | 20x | as long as short |
| KuCoin MINIMAXUSDTMshort | +0.0484% | 4h | 38.080 | −0.131% | $96K | $35K | 20x |
Gate MINIMAX_USDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Aevo MINIMAX-PERP
Bybit MINIMAXUSDT
Aster MINIMAXUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MINIMAX_USDT_Perp | +0.0810% | 4h | 38.071 | −0.156% | $201 | $125K | 10x | as long as short |
| Binance MINIMAXUSDTlong | +0.0862% | 4h | 38.130 | long leg | $6.4M | $31.3M | 25x | |
| Extended MINIMAX-USD | +0.0864% | 1h | 38.101 | −0.077% | $3K | — | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.0887% | 8h | 38.166 | +0.094% | $1.3M | $2.6M | 20x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0953% | 1h | 38.097 | −0.087% | $4.5M | $2.9M | 10x | as long as short |
| edgeX MINIMAXUSDC | +0.1044% | 4h | 38.097 | −0.087% | $29K | $183K | 10x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1358% | 8h | 38.200 | +0.184% | $2.6M | $8.5M | 20x | as long as short |
GRVT MINIMAX_USDT_Perp
Extended MINIMAX-USD
Bitget MINIMAXUSDT
tradeXYZ xyz:MINIMAX
edgeX MINIMAXUSDC
OKX MINIMAX-USDT-SWAP