Funding you earn now, next payment 08:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.11 per $10,000 · paid last 24h −0.106%
Price spread now: KuCoin against Binance−0.325%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$723as in the Funding arb table
Net, price: spread back to 7d avg − costs−$704as in the Price arb table
costs, in and out, $10k−$6806.798% of the position
Funding, last 7 days−0.433%−$43 on $10k
+Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.325%, 7d avg −0.085%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.240% cheaper against Binance than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.085%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ARXUSDT | 0.2152 | 0.0122 | pay 0.0061% / 4h | 1h 49m | $5.7M | $11.9M | 20x |
| Short | KuCoin ARXUSDTM | 0.2145 | 0.0100 | get 0.0050% / 4h | 1h 49m | $750K | $849K | 20x |
Binance ARXUSDT
KuCoin ARXUSDTMFunding 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
- −$4.52
- Price spread: −0.325% → −0.085%
- −$23.99
- Slippage, 4 orders
- −$657.78
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$708.29
- Costs to cover
- 6.798%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; KuCoin: live order book, 20 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, 6 min ago | 4.72 bp | 33.8 bp −$34 | 339.5 bp −$3,395 | 14347.5 bp −$1.43M | doesn't fit |
| Sell KuCoin live order book, 20 min ago | 18.07 bp | 310.7 bp −$311 | doesn't fit | doesn't fit | doesn't fit |
ARX on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ARX-USDT-SWAP | +0.0100% | 4h | 0.2155 | +0.139% | $751K | $3.5M | 20x | as long as short |
| Gate ARX_USDT | +0.0100% | 4h | 0.2158 | +0.279% | $1.1M | $450K | 20x | as long as short |
| KuCoin ARXUSDTMshort | +0.0100% | 4h | 0.2145 | −0.325% | $750K | $849K | 20x | |
| Bitget ARXUSDT | +0.0100% | 4h | 0.2151 | −0.065% | $2.1M | $1.8M | 20x | as long as short |
| BingX ARX-USDT | +0.0100% | 4h | 0.2154 | +0.093% | — | $1.7M | — | as long as short |
| Binance ARXUSDTlong | +0.0122% | 4h | 0.2152 | long leg | $5.7M | $11.9M | 20x | |
| MEXC ARX_USDT | +0.0124% | 4h | 0.2150 | −0.093% | $904K | $430K | 20x | as long as short |
| BloFin ARX-USDT | +0.0135% | 4h | 0.2134 | −0.836% | $245K | $43K | 20x | as long as short |
| Bybit ARXUSDT | +0.0181% | 4h | 0.2153 | +0.046% | $4.3M | $2.6M | 20x | as long as short |
| Aster ARXUSDT | +0.0385% | 4h | 0.2148 | −0.190% | $82K | $100K | 10x | as long as short |
OKX ARX-USDT-SWAP
Gate ARX_USDT
Bitget ARXUSDT
BingX ARX-USDT
MEXC ARX_USDT
BloFin ARX-USDT
Bybit ARXUSDT
Aster ARXUSDT