Funding you earn now, next payment 04:00 UTC−0.0401%/8h= −43.9% APRnext payment −$2.01 per $10,000 · paid last 24h −0.076%
Price spread now: KuCoin against Binance+0.084%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$461as in the Funding arb table
Net, price: spread back to 7d avg − costs−$426as in the Price arb table
costs, in and out, $10k−$4364.363% of the position
Funding, last 7 days−0.243%−$24 on $10k
+Price spread, last 7 days−0.198%−$20 · spread now +0.084%, 7d avg −0.016%
=The price spread pays, funding is against you. KuCoin is 0.100% dearer against Binance than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of −0.016%): +$10 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.243% in total) that is about 2.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.243% in total (about -12.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.01 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 EDGEUSDT | 0.5956 | 0.0501 | pay 0.0251% / 4h | 1h 54m | $10.2M | $10.4M | 50x |
| Short | KuCoin EDGEUSDTM | 0.5961 | 0.0100 | get 0.0050% / 4h | 1h 54m | $2.1M | $2.2M | 50x |
Binance EDGEUSDT
KuCoin EDGEUSDTMFunding 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
- −$84.24
- Price spread: +0.084% → −0.016%
- $10.04
- Slippage, 4 orders
- −$414.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$510.46
- Costs to cover
- 4.363%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 2 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, 15 min ago | 0.85 bp | 26.3 bp −$26 | 248.3 bp −$2,483 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 5.02 bp | 269.9 bp −$270 | 942.4 bp −$9,424 | doesn't fit | doesn't fit |
EDGE on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDGE | +0.0096% | 1h | 0.5949 | −0.123% | $43K | $19K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5950 | −0.101% | $7.1M | $3.4M | 25x | as long as short |
| KuCoin EDGEUSDTMshort | +0.0100% | 4h | 0.5961 | +0.084% | $2.1M | $2.2M | 50x | |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5958 | +0.034% | $4.7M | $1.1M | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5957 | +0.012% | $58K | $104K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5977 | +0.353% | $193K | $131K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5927 | −0.489% | $5K | $2.0M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5927 | −0.487% | $9K | $304K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5914 | −0.705% | $3K | $617K | 10x | as long as short |
| edgeX EDGEUSDC | +0.0473% | 4h | 0.5918 | −0.645% | $14.2M | $3.6M | 30x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
edgeX EDGEUSDCShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC EDGE_USDT | +0.0500% | 4h | 0.5955 | −0.017% | $1.2M | $899K | 50x | as long as short |
| Binance EDGEUSDTlong | +0.0501% | 4h | 0.5956 | long leg | $10.2M | $10.4M | 50x | |
| Extended EDGE-USD | +0.0504% | 1h | 0.5960 | +0.068% | $27K | $195K | 5x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0518% | 4h | 0.5957 | +0.017% | $3.7M | $5.8M | 20x | as long as short |
| Aster EDGEUSDT | +0.0526% | 4h | 0.5953 | −0.044% | $69K | $132K | 5x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0697% | 4h | 0.5957 | +0.017% | $3K | — | 10x | as long as short |
MEXC EDGE_USDT
Extended EDGE-USD
OKX EDGE-USDT-SWAP
Aster EDGEUSDT
Orderly PERP_EDGE_USDC