Funding you earn now, next payment 00:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.37 per $10,000 · paid last 24h −0.385%
Price spread now: Binance against KuCoin+1.052%7-day average +0.208% · you sell dearer than you buy
Net, funding: paid 7d − costs−$503as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$2992.990% of the position
Funding, last 7 days−2.037%−$204 on $10k
+Price spread, last 7 days−1.559%−$156 · spread now +1.052%, 7d avg +0.208%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.844% dearer against KuCoin than usual: you sell high and buy low: +$84 more if the spread goes back to its 7-day average of +0.208%. Mind the row above: over the last 7 days funding on this pair cost −2.037%, 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 MUSDTM | 1.4310 | 0.1024 | pay 0.0512% / 4h | 1h 07m | $1.4M | $4.4M | 10x |
| Short | Binance MUSDT | 1.4461 | 0.1099 | get 0.0549% / 4h | 1h 07m | $5.4M | $4.6M | 10x |
KuCoin MUSDTM
Binance MUSDTFunding 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
- $15.68
- Price spread: +1.052% → +0.208%
- $84.44
- Slippage, 4 orders
- −$276.99
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$198.87
- Costs to cover
- 2.990%
- Break-even
- 95.8 days
Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 16 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, 5 min ago | 5.77 bp | 169.4 bp −$169 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.69 bp | 21.9 bp −$22 | 345.7 bp −$3,457 | 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 | 1.4443 | +0.927% | $4.6M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4423 | +0.787% | $1.9M | $919K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4454 | +1.003% | $1.9M | $355K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4491 | +1.259% | $89K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4462 | +1.059% | $2K | $596 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4501 | +1.332% | $2K | $577K | 20x | as long as short |
| Aster MUSDT | +0.0737% | 4h | 1.4458 | +1.034% | $14K | $114K | 5x | as long as short |
| KuCoin MUSDTMlong | +0.1024% | 4h | 1.4310 | long leg | $1.4M | $4.4M | 10x | |
| BingX M-USDT | +0.1028% | 4h | 1.4459 | +1.038% | — | $2.4M | — | as long as short |
| BloFin M-USDT | +0.1035% | 4h | 1.4501 | +1.332% | $350K | $413K | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BingX M-USDT
BloFin M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC M_USDT | +0.1082% | 4h | 1.4446 | +0.948% | $246K | $113K | 50x | as long as short |
| Binance MUSDTshort | +0.1099% | 4h | 1.4461 | +1.052% | $5.4M | $4.6M | 10x |
MEXC M_USDT