Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: Binance against KuCoin−0.022%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$698as in the Funding arb table
Net, price: spread back to 7d avg − costs−$677as in the Price arb table
costs, in and out, $10k−$6796.794% of the position
Funding, last 7 days−0.185%−$19 on $10k
+Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.022%, 7d avg −0.050%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.029% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.050%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin KSMUSDTM | 4.6350 | 0.0100 | pay 0.0100% / 8h | 1h 17m | $512K | $32K | 30x |
| Short | Binance KSMUSDT | 4.6340 | 0.0100 | get 0.0100% / 8h | 1h 17m | $2.0M | $2.7M | 50x |
KuCoin KSMUSDTM
Binance KSMUSDTFunding 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
- $0
- Price spread: −0.022% → −0.050%
- $2.87
- Slippage, 4 orders
- −$657.41
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$676.54
- Costs to cover
- 6.794%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 26 min ago; Binance: live order book, 3 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, 26 min ago | 23.86 bp | 259.6 bp −$260 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 3.24 bp | 19.5 bp −$20 | 70.4 bp −$704 | doesn't fit | doesn't fit |
KSM 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_KSMUSD | −0.0699% | 1h | 4.6389 | +0.084% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0336% | 8h | 4.6297 | −0.115% | $455K | $38K | — | as long as short |
| OKX KSM-USDT-SWAP | −0.0088% | 4h | 4.6320 | −0.065% | $769K | $644K | 20x | as long as short |
| BloFin KSM-USDT | +0.0080% | 8h | 4.6290 | −0.129% | $110K | $18K | 50x | as long as short |
| Binance KSMUSDTshort | +0.0100% | 8h | 4.6340 | −0.022% | $2.0M | $2.7M | 50x | |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6300 | −0.108% | $2.2M | $717K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6310 | −0.086% | $85K | $36K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6340 | −0.022% | $733K | $241K | 20x | as long as short |
| KuCoin KSMUSDTMlong | +0.0100% | 8h | 4.6350 | long leg | $512K | $32K | 30x | |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6340 | −0.022% | $483K | $188K | 50x | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
OKX KSM-USDT-SWAP
BloFin KSM-USDT
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
Bitget KSMUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX KSM-USDT | +0.0100% | 8h | 4.6330 | −0.043% | — | $2.3M | — | as long as short |
| Extended KSM-USD | +0.0104% | 1h | 4.6328 | −0.047% | $77K | $390K | 5x | as long as short |
BingX KSM-USDT
Extended KSM-USD