Funding you earn now, next payment 08:00 UTC−0.0821%/8h= −89.9% APRnext payment −$4.11 per $10,000 · paid last 24h −0.233%
Price spread now: KuCoin against Binance−0.159%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$319as in the Funding arb table
Net, price: spread back to 7d avg − costs−$261as in the Price arb table
costs, in and out, $10k−$2532.526% of the position
Funding, last 7 days−0.667%−$67 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.159%, 7d avg −0.075%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and KuCoin is 0.084% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.075%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTWUSDT | 0.8096 | 0.1005 | pay 0.0503% / 4h | 1h 48m | $112.4M | $183.4M | 10x |
| Short | KuCoin BTWUSDTM | 0.8083 | 0.0184 | get 0.0092% / 4h | 1h 48m | $7.2M | $5.0M | 10x |
Binance BTWUSDT
KuCoin BTWUSDTMFunding 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
- −$172.47
- Price spread: −0.159% → −0.075%
- −$8.36
- Slippage, 4 orders
- −$230.65
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$433.49
- Costs to cover
- 2.526%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; KuCoin: live order book, 10 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, 10 min ago | 1.88 bp | 30.2 bp −$30 | 197.2 bp −$1,972 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 15.80 bp | 109.8 bp −$110 | doesn't fit | doesn't fit | doesn't fit |
BTW on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.8154 | +0.717% | $211K | $783K | 10x | as long as short |
| KuCoin BTWUSDTMshort | +0.0184% | 4h | 0.8083 | −0.159% | $7.2M | $5.0M | 10x | |
| Aster BTWUSDT | +0.0749% | 4h | 0.8089 | −0.087% | $2.2M | $3.3M | 5x | as long as short |
| Bitget BTWUSDT | +0.0750% | 4h | 0.8112 | +0.196% | $25.5M | $15.5M | 5x | as long as short |
| Bybit BTWUSDT | +0.0893% | 4h | 0.8082 | −0.171% | $15.4M | $42.1M | 10x | as long as short |
| BingX BTW-USDT | +0.0936% | 4h | 0.8101 | +0.064% | — | $4.3M | — | as long as short |
| edgeX BTWUSDC | +0.0984% | 4h | 0.8059 | −0.449% | $350K | $521K | 10x | as long as short |
| Binance BTWUSDTlong | +0.1005% | 4h | 0.8096 | long leg | $112.4M | $183.4M | 10x | |
| Extended BTW-USD | +0.1008% | 1h | 0.8094 | −0.028% | $35K | $15K | 5x | as long as short |
| MEXC BTW_USDT | +0.1010% | 4h | 0.8086 | −0.122% | $9.0M | $6.5M | 20x | as long as short |
HTX BTW-USDT
Aster BTWUSDT
Bitget BTWUSDT
Bybit BTWUSDT
BingX BTW-USDT
edgeX BTWUSDC
Extended BTW-USD
MEXC BTW_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDT | +0.1306% | 4h | 0.8085 | −0.132% | $3.3M | $17.7M | 10x | as long as short |
Gate BTW_USDT