GWEI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0376%/8h= −41.2% APRnext payment −$1.88 per $10,000 · paid last 24h −0.057%

Price spread now: KuCoin against Binance−0.052%7-day average −0.151% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,118as in the Price arb table

costs, in and out, $10k−$1,12811.279% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.052%, 7d avg −0.151%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.099% dearer against Binance than usual: you sell high and buy low (spread −0.052% now, against its 7-day average of −0.151%): +$10 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.049% in total) that is about 14 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.88 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 GWEIUSDT	0.02299	0.0476	pay 0.0238% / 4h	45m 20s	$2.4M	$2.6M	50x
Short	KuCoin GWEIUSDTM	0.02298	0.0100	get 0.0050% / 4h	45m 20s	$453K	$17K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee KuCoinbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$78.98
Price spread: −0.052% → −0.151%: $9.92
Slippage, 4 orders: −$1,105.92
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,196.98
Costs to cover: 11.279%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; KuCoin: live order book, 17 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, 5 min ago	2.17 bp	40.6 bp −$41	212.5 bp −$2,125	doesn't fit	doesn't fit
Sell KuCoin live order book, 17 min ago	28.05 bp	307.3 bp −$307	doesn't fit	doesn't fit	doesn't fit

GWEI 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
KuCoin GWEIUSDTMshort	+0.0100%	4h	0.02298	−0.052%	$453K	$17K	20x
Variational Omni GWEI	+0.0100%	4h	0.02308	+0.401%	$4K	$55	—	as long as short
Bybit GWEIUSDT	+0.0429%	4h	0.02301	+0.087%	$375K	$118K	25x	as long as short
Binance GWEIUSDTlong	+0.0476%	4h	0.02299	long leg	$2.4M	$2.6M	50x
Extended GWEI-USD	+0.0480%	1h	0.02299	−0.019%	$4K	$142K	5x	as long as short
MEXC GWEI_USDT	+0.0480%	4h	0.02298	−0.043%	$104K	$85K	20x	as long as short
BloFin GWEI-USDT	+0.0502%	4h	0.02305	+0.261%	$171K	$29K	50x	as long as short
Gate GWEI_USDT	+0.0520%	4h	0.02296	−0.122%	$379K	$394K	10x	as long as short
BingX GWEI-USDT	+0.0812%	4h	0.02298	−0.043%	—	$1.6M	—	as long as short
Bitget GWEIUSDT	+0.0854%	4h	0.02296	−0.130%	$1.9M	$213K	20x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GWEIUSDT	+0.1495%	4h	0.02295	−0.159%	$16K	$15K	10x	as long as short