Funding you earn now, next payment 00:00 UTC−0.0605%/8h= −66.2% APRnext payment −$3.03 per $10,000 · paid last 24h −0.130%
Price spread now: KuCoin against Binance−0.135%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,293as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,261as in the Price arb table
costs, in and out, $10k−$1,25812.577% of the position
Funding, last 7 days−0.357%−$36 on $10k
+Price spread, last 7 days+0.059%+$6 · spread now −0.135%, 7d avg −0.103%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and KuCoin is 0.032% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.103%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.357% in total (about -18.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USUSDT | 0.01635 | 0.0375 | pay 0.0188% / 4h | 1h 07m | $9.1M | $3.1M | 10x |
| Short | KuCoin USUSDTM | 0.01633 | −0.0230 | pay 0.0115% / 4h | 1h 07m | $4.2M | $278K | 20x |
Binance USUSDT
KuCoin USUSDTMFunding 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
- −$127.05
- Price spread: −0.135% → −0.103%
- −$3.15
- Slippage, 4 orders
- −$1,235.74
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,387.95
- Costs to cover
- 12.577%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; KuCoin: live order book, just now.
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, 2 min ago | 0.31 bp | 37.2 bp −$37 | 291.4 bp −$2,914 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, just now | 27.28 bp | 512.5 bp −$512 | doesn't fit | doesn't fit | doesn't fit |
US on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTMshort | −0.0230% | 4h | 0.01633 | −0.135% | $4.2M | $278K | 20x | |
| Bybit USUSDT | +0.0100% | 4h | 0.01635 | −0.012% | $3.2M | $858K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01632 | −0.190% | $2.0M | $556K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01637 | +0.127% | $16K | $3K | — | as long as short |
| Aster USUSDT | +0.0264% | 4h | 0.01636 | +0.031% | $12K | $55K | 5x | as long as short |
| BloFin US-USDT | +0.0330% | 4h | 0.01636 | +0.037% | $476K | $49K | 10x | as long as short |
| MEXC US_USDT | +0.0340% | 4h | 0.01635 | 0.000% | $5.5M | $116K | 100x | as long as short |
| Binance USUSDTlong | +0.0375% | 4h | 0.01635 | long leg | $9.1M | $3.1M | 10x | |
| Extended US-USD | +0.0376% | 1h | 0.01635 | −0.008% | $4K | $141K | 5x | as long as short |
| BingX US-USDT | +0.0452% | 4h | 0.01636 | +0.055% | — | $1.3M | — | as long as short |
Bybit USUSDT
Gate US_USDT
Variational Omni US
Aster USUSDT
BloFin US-USDT
MEXC US_USDT
Extended US-USD
BingX US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USUSDT | +0.0490% | 4h | 0.01636 | +0.061% | $4.3M | $248K | 10x | as long as short |
Bitget USUSDT