Funding you earn now, next payment 08:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.41 per $10,000 · paid last 24h −0.050%
Price spread now: Binance against KuCoin−0.091%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$389as in the Funding arb table
Net, price: spread back to 7d avg − costs−$379as in the Price arb table
costs, in and out, $10k−$3713.709% of the position
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 7 days+0.087%+$9 · spread now −0.091%, 7d avg −0.013%
=Funding pays, the price is against you. Binance is 0.078% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of −0.013%). If the spread goes back, that is −$8 on $10k: about 3.2 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.179%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HEMIUSDTM | 0.006628 | 0.0100 | pay 0.0050% / 4h | 1h 22m | $841K | $1.7M | 20x |
| Short | Binance HEMIUSDT | 0.006622 | 0.0181 | get 0.0091% / 4h | 1h 22m | $6.7M | $11.2M | 20x |
KuCoin HEMIUSDTM
Binance HEMIUSDTFunding 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
- $17.05
- Price spread: −0.091% → −0.013%
- −$7.76
- Slippage, 4 orders
- −$348.89
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$361.6
- Costs to cover
- 3.709%
- Break-even
- 155.5 days
Slippage from KuCoin: live order book, 4 min ago; Binance: 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 KuCoin live order book, 4 min ago | 18.10 bp | 184.3 bp −$184 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.75 bp | 21.3 bp −$21 | 121.4 bp −$1,214 | doesn't fit | doesn't fit |
HEMI on 12 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 HEMIUSDT | +0.0100% | 4h | 0.006627 | −0.008% | $75K | $48K | 5x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006620 | −0.121% | $1.7M | $1.5M | 25x | as long as short |
| KuCoin HEMIUSDTMlong | +0.0100% | 4h | 0.006628 | long leg | $841K | $1.7M | 20x | |
| Variational Omni HEMI | +0.0100% | 4h | 0.006613 | −0.221% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006772 | +2.173% | $2K | $1.3M | 20x | as long as short |
| BloFin HEMI-USDT | +0.0132% | 4h | 0.006628 | 0.000% | $367K | $54K | 20x | as long as short |
| BingX HEMI-USDT | +0.0176% | 4h | 0.006620 | −0.121% | — | $1.4M | — | as long as short |
| MEXC HEMI_USDT | +0.0180% | 4h | 0.006612 | −0.241% | $1.7M | $272K | 50x | as long as short |
| Binance HEMIUSDTshort | +0.0181% | 4h | 0.006622 | −0.091% | $6.7M | $11.2M | 20x | |
| Extended HEMI-USD | +0.0184% | 1h | 0.006620 | −0.116% | $17K | — | 5x | as long as short |
Aster HEMIUSDT
Bybit HEMIUSDT
Variational Omni HEMI
SunX HEMI-USDT
BloFin HEMI-USDT
BingX HEMI-USDT
MEXC HEMI_USDT
Extended HEMI-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HEMI_USDT | +0.0302% | 4h | 0.006619 | −0.136% | $516K | $302K | 20x | as long as short |
| Hyperliquid HEMI | +0.1211% | 1h | 0.006631 | +0.045% | $1.1M | $373K | 3x | as long as short |
Gate HEMI_USDT
Hyperliquid HEMI