Funding you earn now, next payment 00:00 UTC+0.0697%/8h= +76.3% APRnext payment +$3.49 per $10,000 · paid last 24h +0.131%
Price spread now: Binance against KuCoin+0.260%7-day average +0.284% · you sell dearer than you buy
Net, funding: paid 7d − costs−$838as in the Funding arb table
Net, price: spread back to 7d avg − costs−$880as in the Price arb table
costs, in and out, $10k−$8788.779% of the position
Funding, last 7 days+0.402%+$40 on $10k
+Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.260%, 7d avg +0.284%
=Funding pays, the price is against you. Binance is 0.024% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.260% now, against its 7-day average of +0.284%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.402% in total) that is about 10 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.402% in total (about 21.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.49 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 BANUSDTM | 0.06775 | 0.0100 | pay 0.0050% / 4h | 1h 46m | $313K | $18K | 20x |
| Short | Binance BANUSDT | 0.06793 | 0.0797 | get 0.0399% / 4h | 1h 46m | $6.6M | $722K | 25x |
KuCoin BANUSDTM
Binance BANUSDTFunding 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
- $146.41
- Price spread: +0.260% → +0.284%
- −$2.43
- Slippage, 4 orders
- −$855.87
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$733.89
- Costs to cover
- 8.779%
- Break-even
- 42.1 days
Slippage from KuCoin: live order book, 24 min ago; Binance: live order book, 7 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, 24 min ago | 62.77 bp | 500.8 bp −$501 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 3.68 bp | 43.3 bp −$43 | 645.4 bp −$6,454 | doesn't fit | doesn't fit |
BAN on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BANUSDT | +0.0100% | 4h | 0.06794 | +0.282% | $12K | $388 | 5x | as long as short |
| Gate BAN_USDT | +0.0100% | 8h | 0.06783 | +0.118% | $1.2M | $43K | 20x | as long as short |
| KuCoin BANUSDTMlong | +0.0100% | 4h | 0.06775 | long leg | $313K | $18K | 20x | |
| Variational Omni BAN | +0.0100% | 4h | 0.06777 | +0.028% | $16 | — | — | as long as short |
| Bybit BANUSDT | +0.0130% | 4h | 0.06782 | +0.103% | $2.9M | $289K | 13x | as long as short |
| Bitget BANUSDT | +0.0232% | 4h | 0.06787 | +0.177% | $1.1M | $47K | 25x | as long as short |
| Binance BANUSDTshort | +0.0797% | 4h | 0.06793 | +0.260% | $6.6M | $722K | 25x | |
| MEXC BAN_USDT | +0.0816% | 4h | 0.06790 | +0.221% | $8.1M | $145K | 100x | as long as short |
Aster BANUSDT
Gate BAN_USDT
Variational Omni BAN
Bybit BANUSDT
Bitget BANUSDT
MEXC BAN_USDT