Funding you earn now, next payment 08:00 UTC−0.0150%/8h= −16.4% APRnext payment −$1.50 per $10,000 · paid last 24h −0.071%
Price spread now: Binance against KuCoin−0.173%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$233as in the Funding arb table
Net, price: spread back to 7d avg − costs−$248as in the Price arb table
costs, in and out, $10k−$2322.321% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)−0.123%−$12 · spread now −0.173%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.159% cheaper against KuCoin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MINAUSDTM | 0.1332 | −0.0021 | get 0.0021% / 8h | 1h 47m | $779K | $479K | 30x |
| Short | Binance MINAUSDT | 0.1329 | −0.0171 | pay 0.0171% / 8h | 1h 47m | $4.5M | $25.1M | 50x |
KuCoin MINAUSDTM
Binance MINAUSDTFunding 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
- −$31.4
- Price spread: −0.173% → −0.013%
- −$15.94
- Slippage, 4 orders
- −$210.1
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$279.44
- Costs to cover
- 2.321%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 17 min ago; Binance: live order book, 9 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, 17 min ago | 14.73 bp | 73.8 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.12 bp | 20.6 bp −$21 | 130.9 bp −$1,309 | doesn't fit | doesn't fit |
MINA 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 MINAUSDT | −0.2048% | 4h | 0.1331 | −0.015% | $4.6M | $5.0M | 25x | as long as short |
| Kraken Futures PF_MINAUSD | −0.1972% | 1h | 0.1332 | +0.017% | $21K | $62K | 10x | as long as short |
| Hyperliquid MINA | −0.0934% | 1h | 0.1330 | −0.113% | $3.3M | $1.6M | 3x | as long as short |
| OKX MINA-USDT-SWAP | −0.0647% | 4h | 0.1329 | −0.203% | $1.8M | $12.9M | 20x | as long as short |
| Binance MINAUSDTshort | −0.0171% | 8h | 0.1329 | −0.173% | $4.5M | $25.1M | 50x | |
| MEXC MINA_USDT | −0.0159% | 8h | 0.1329 | −0.165% | $1.1M | $1.2M | 50x | as long as short |
| Gate MINA_USDT | −0.0153% | 8h | 0.1329 | −0.195% | $435K | $647K | 50x | as long as short |
| Bitget MINAUSDT | −0.0152% | 8h | 0.1329 | −0.195% | $1.9M | $3.3M | 50x | as long as short |
| BloFin MINA-USDT | −0.0136% | 8h | 0.1331 | −0.053% | $250K | $191K | 50x | as long as short |
| BingX MINA-USDT | −0.0110% | 8h | 0.1330 | −0.090% | — | $2.6M | — | as long as short |
Bybit MINAUSDT
Kraken Futures PF_MINAUSD
Hyperliquid MINA
OKX MINA-USDT-SWAP
MEXC MINA_USDT
Gate MINA_USDT
Bitget MINAUSDT
BloFin MINA-USDT
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINAUSDTMlong | −0.0021% | 8h | 0.1332 | long leg | $779K | $479K | 30x | |
| Variational Omni MINA | +0.0100% | 4h | 0.1337 | +0.385% | $432K | $67K | — | as long as short |
Variational Omni MINA