Funding you earn now, next payment 08:00 UTC−0.0292%/8h= −32.0% APRnext payment −$2.92 per $10,000 · paid last 24h −0.014%
Price spread now: Binance against KuCoin+0.029%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$890.892% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now +0.029%, 7d avg −0.001%
=The price spread pays, funding is against you. Binance is 0.030% dearer against KuCoin than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.001%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.017% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.017% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.92 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 | KuCoin SOXSUSDTM | 34.030 | 0.0303 | pay 0.0303% / 8h | 4h 34m | $669K | $2.5M | 10x |
| Short | Binance SOXSUSDT | 34.040 | 0.0011 | get 0.0011% / 8h | 4h 34m | $15.6M | $173.6M | 25x |
KuCoin SOXSUSDTM
Binance SOXSUSDTFunding 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
- −$61.34
- Price spread: +0.029% → −0.001%
- $3
- Slippage, 4 orders
- −$67.21
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$147.55
- Costs to cover
- 0.892%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 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, 2 min ago | 2.94 bp | 37.8 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.47 bp | 8.8 bp −$9 | 13.6 bp −$136 | 63.9 bp −$6,392 | doesn't fit |
SOXS 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SOXSUSDC | −0.0739% | 4h | 34.022 | −0.025% | $37K | $178K | 10x | as long as short |
| Bitget SOXSUSDT | −0.0334% | 8h | 34.051 | +0.062% | $5.9M | $16.6M | 20x | as long as short |
| BloFin SOXS-USDT | −0.0008% | 8h | 34.030 | 0.000% | $192K | $54K | 25x | as long as short |
| Gate SOXS_USDT | 0.0000% | 8h | 34.040 | +0.029% | $2.1M | $10.4M | 25x | as long as short |
| Variational Omni SOXS | 0.0000% | 8h | 34.019 | −0.032% | $429K | $616K | — | as long as short |
| SunX SOXS-USDT | 0.0000% | 8h | 34.050 | +0.059% | — | $4.3M | 10x | as long as short |
| HTX SOXS-USDT | 0.0000% | 8h | 34.040 | +0.029% | $10K | $24K | 10x | as long as short |
| Phemex SOXSUSDT | 0.0000% | 8h | 34.030 | 0.000% | $1.2M | $1.9M | 20x | as long as short |
| MEXC SOXS_USDT | +0.0009% | 8h | 34.040 | +0.029% | $10.5M | $12.9M | 50x | as long as short |
| Binance SOXSUSDTshort | +0.0011% | 8h | 34.040 | +0.029% | $15.6M | $173.6M | 25x |
edgeX SOXSUSDC
Bitget SOXSUSDT
BloFin SOXS-USDT
Gate SOXS_USDT
Variational Omni SOXS
SunX SOXS-USDT
HTX SOXS-USDT
Phemex SOXSUSDT
MEXC SOXS_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SOXS | +0.0032% | 1h | 34.000 | −0.088% | — | — | 10x | as long as short |
| Bybit SOXSUSDT | +0.0117% | 8h | 34.040 | +0.029% | $4.2M | $10.5M | 50x | as long as short |
| KuCoin SOXSUSDTMlong | +0.0303% | 8h | 34.030 | long leg | $669K | $2.5M | 10x | |
| OKX SOXS-USDT-SWAP | +0.0333% | 8h | 34.050 | +0.059% | $3.1M | $17.5M | 25x | as long as short |
| Kraken Futures PF_SOXSUSD | +0.0386% | 1h | 33.992 | −0.113% | $8K | $32K | 20x | as long as short |
Lighter SOXS
Bybit SOXSUSDT
OKX SOXS-USDT-SWAP
Kraken Futures PF_SOXSUSD