Funding you earn now, next payment 00:00 UTC−0.0563%/8h= −61.6% APRnext payment −$5.63 per $10,000 · paid last 24h −0.199%
Price spread now: Binance against KuCoin−0.235%7-day average −0.145% · you buy dearer than you sell
Net, funding: paid 7d − costs−$591as in the Funding arb table
Net, price: spread back to 7d avg − costs−$510as in the Price arb table
costs, in and out, $10k−$5015.010% of the position
Funding, last 7 days−0.899%−$90 on $10k
+Price spread, last 7 days−0.088%−$9 · spread now −0.235%, 7d avg −0.145%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Binance is 0.091% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.145%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin IOTAUSDTM | 0.04844 | 0.0663 | pay 0.0663% / 8h | 38m 07s | $2.8M | $234K | 30x |
| Short | Binance IOTAUSDT | 0.04833 | 0.0100 | get 0.0100% / 8h | 38m 07s | $3.5M | $5.8M | 75x |
KuCoin IOTAUSDTM
Binance IOTAUSDTFunding 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
- −$118.23
- Price spread: −0.235% → −0.145%
- −$9.06
- Slippage, 4 orders
- −$479.01
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$628.29
- Costs to cover
- 5.010%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Binance: live order book, 15 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 | 39.14 bp | 221.1 bp −$221 | 722.6 bp −$7,226 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 2.06 bp | 18.4 bp −$18 | 60.1 bp −$601 | doesn't fit | doesn't fit |
IOTA 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IOTAUSD | −0.0810% | 1h | 0.04836 | −0.162% | $18K | $16K | 10x | as long as short |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04835 | −0.180% | $840K | $241K | 3x | as long as short |
| Binance IOTAUSDTshort | +0.0100% | 8h | 0.04833 | −0.235% | $3.5M | $5.8M | 75x | |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04834 | −0.206% | $2.2M | $1.3M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04835 | −0.186% | $562K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04836 | −0.165% | $887K | $176K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04832 | −0.248% | $602K | $182K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04845 | +0.021% | $1.8M | $690K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04831 | −0.268% | — | $2.3M | — | as long as short |
| Variational Omni IOTA | +0.0100% | 8h | 0.04841 | −0.064% | $38K | $36K | — | as long as short |
Kraken Futures PF_IOTAUSD
Hyperliquid IOTA
Bybit IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDT
Variational Omni IOTAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin IOTA-USDT | +0.0128% | 8h | 0.04846 | +0.041% | $170K | $37K | 75x | as long as short |
| KuCoin IOTAUSDTMlong | +0.0663% | 8h | 0.04844 | long leg | $2.8M | $234K | 30x |
BloFin IOTA-USDT