Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin−0.072%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$446as in the Funding arb table
Net, price: spread back to 7d avg − costs−$443as in the Price arb table
costs, in and out, $10k−$4464.458% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now −0.072%, 7d avg −0.103%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.031% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.103%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USUALUSDTM | 0.01389 | 0.0100 | pay 0.0050% / 4h | 3h 19m | $192K | $83K | 20x |
| Short | Binance USUALUSDT | 0.01388 | 0.0100 | get 0.0050% / 4h | 3h 19m | $2.2M | $3.0M | 50x |
KuCoin USUALUSDTM
Binance USUALUSDTFunding 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
- $0
- Price spread: −0.072% → −0.103%
- $3.08
- Slippage, 4 orders
- −$423.85
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$442.76
- Costs to cover
- 4.458%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 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, 3 min ago | 10.79 bp | 202.8 bp −$203 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 3.62 bp | 23.6 bp −$24 | 117.5 bp −$1,175 | doesn't fit | doesn't fit |
USUAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4152% | 1h | 0.01370 | −1.368% | $6K | $3K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0124% | 1h | 0.01389 | −0.024% | $111K | $11K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01391 | +0.144% | $397K | $177K | 3x | as long as short |
| Binance USUALUSDTshort | +0.0100% | 4h | 0.01388 | −0.072% | $2.2M | $3.0M | 50x | |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01390 | +0.043% | $1.0M | $735K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01392 | +0.216% | $941K | $94K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01389 | 0.000% | $6.1M | $250K | 100x | as long as short |
| KuCoin USUALUSDTMlong | +0.0100% | 4h | 0.01389 | long leg | $192K | $83K | 20x | |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01389 | 0.000% | $771K | $423K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01390 | +0.079% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01393 | +0.324% | $10K | $1K | — | as long as short |
Variational Omni USUAL