Funding you earn now, next payment 08:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.19 per $10,000 · paid last 24h −0.025%
Price spread now: Binance against KuCoin−0.048%7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$950.950% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 7 days+0.194%+$19 · spread now −0.048%, 7d avg +0.051%
=Funding pays, the price is against you. Binance is 0.099% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.051%). If the spread goes back, that is −$10 on $10k: about 17 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.069%, 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 OPUSDTM | 0.1258 | 0.0081 | pay 0.0081% / 8h | 1h 48m | $2.9M | $6.3M | 75x |
| Short | Binance OPUSDT | 0.1257 | 0.0100 | get 0.0100% / 8h | 1h 48m | $19.9M | $66.1M | 75x |
KuCoin OPUSDTM
Binance OPUSDTFunding 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
- $3.99
- Price spread: −0.048% → +0.051%
- −$9.91
- Slippage, 4 orders
- −$73.03
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$100.95
- Costs to cover
- 0.950%
- Break-even
- 184.1 days
Slippage from KuCoin: live order book, 10 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, 10 min ago | 3.99 bp | 36.4 bp −$36 | 96.8 bp −$968 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.40 bp | 9.3 bp −$9 | 23.6 bp −$236 | 91.3 bp −$9,131 | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1760% | 1h | 0.1248 | −0.795% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1258 | +0.024% | $13K | — | 100x | as long as short |
| Hyperliquid OP | −0.0122% | 1h | 0.1257 | −0.056% | $3.6M | $3.5M | 5x | as long as short |
| Kraken Futures PF_OPUSD | −0.0034% | 1h | 0.1258 | +0.003% | $752K | $651K | 20x | as long as short |
| Orderly PERP_OP_USDC | −0.0033% | 8h | 0.1258 | 0.000% | $59K | $142K | 10x | as long as short |
| Variational Omni OP | −0.0006% | 8h | 0.1251 | −0.521% | $222K | $46K | — | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1260 | +0.143% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1258 | 0.000% | $33K | $153K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1258 | +0.024% | — | — | 150x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1257 | −0.079% | $24K | $64K | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Hyperliquid OP
Kraken Futures PF_OPUSD
Orderly PERP_OP_USDC
Variational Omni OP
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Coinbase International OP-PERP-INTXShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit OPUSDT | +0.0055% | 8h | 0.1257 | −0.119% | $18.4M | $25.9M | 75x | as long as short |
| KuCoin OPUSDTMlong | +0.0081% | 8h | 0.1258 | long leg | $2.9M | $6.3M | 75x | |
| OKX OP-USDT-SWAP | +0.0086% | 8h | 0.1257 | −0.048% | $6.1M | $29.5M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1258 | +0.024% | $277K | $1.1M | 15x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1258 | +0.040% | $208K | $218K | 10x | as long as short |
| Binance OPUSDTshort | +0.0100% | 8h | 0.1257 | −0.048% | $19.9M | $66.1M | 75x | |
| Gate OP_USDT | +0.0100% | 8h | 0.1258 | +0.032% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1257 | −0.064% | $23.1M | $7.6M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1256 | −0.159% | $5.7M | $6.8M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1257 | −0.079% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1257 | −0.087% | $107K | $215K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1251 | −0.533% | $379K | $767K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1253 | −0.372% | $309K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1253 | −0.397% | $43K | $702K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1257 | −0.072% | $207 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1259 | +0.064% | $170K | $253K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1257 | −0.053% | $100K | $506K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1258 | −0.018% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1259 | +0.056% | $1.0M | $305K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1257 | −0.104% | $699 | — | 20x | as long as short |
Bybit OPUSDT
OKX OP-USDT-SWAP
Lighter OP
Aster OPUSDT
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP