Funding you earn now, next payment 00:00 UTC+0.0216%/8h= +23.6% APRnext payment +$1.08 per $10,000 · paid last 24h +0.385%
Price spread now: KuCoin against Binance−1.129%7-day average −0.216% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$431as in the Price arb table
costs, in and out, $10k−$3393.395% of the position
Funding, last 7 days+2.037%+$204 on $10k
+Price spread, last 7 days+1.696%+$170 · spread now −1.129%, 7d avg −0.216%
=Funding pays, the price is against you. KuCoin is 0.913% cheaper against Binance than usual: you would sell low and buy high (spread −1.129% now, against its 7-day average of −0.216%). If the spread goes back, that is −$91 on $10k: about 14 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+2.037% in total) that is about 3.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUSDT | 1.4614 | 0.1352 | pay 0.0676% / 4h | 19m 49s | $5.6M | $4.8M | 10x |
| Short | KuCoin MUSDTM | 1.4449 | 0.1568 | get 0.0784% / 4h | 19m 49s | $1.4M | $4.3M | 10x |
Binance MUSDT
KuCoin MUSDTMFunding 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
- $45.3
- Price spread: −1.129% → −0.216%
- −$91.34
- Slippage, 4 orders
- −$317.46
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$385.51
- Costs to cover
- 3.395%
- Break-even
- 66.6 days
Slippage from Binance: live order book, 3 min ago; KuCoin: 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 Binance live order book, 3 min ago | 3.09 bp | 45.9 bp −$46 | 390.4 bp −$3,904 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 7.34 bp | 110.9 bp −$111 | doesn't fit | doesn't fit | doesn't fit |
M 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDT | +0.0100% | 4h | 1.4582 | −0.217% | $4.6M | $2.4M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4567 | −0.319% | $2.0M | $945K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4608 | −0.039% | $1.9M | $364K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4579 | −0.240% | $90K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4589 | −0.169% | $2K | $596 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4623 | +0.064% | $2K | $628K | 20x | as long as short |
| Aster MUSDT | +0.0949% | 4h | 1.4600 | −0.090% | $15K | $116K | 5x | as long as short |
| BingX M-USDT | +0.1248% | 4h | 1.4611 | −0.018% | — | $2.4M | — | as long as short |
| MEXC M_USDT | +0.1352% | 4h | 1.4606 | −0.052% | $247K | $112K | 50x | as long as short |
| Binance MUSDTlong | +0.1352% | 4h | 1.4614 | long leg | $5.6M | $4.8M | 10x |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BingX M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.1389% | 4h | 1.4586 | −0.189% | $356K | $433K | 10x | as long as short |
| KuCoin MUSDTMshort | +0.1568% | 4h | 1.4449 | −1.129% | $1.4M | $4.3M | 10x |
BloFin M-USDT