Funding you earn now, next payment 02:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.032%
Price spread now: KuCoin against Coinbase International−0.118%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.118% cheaper against Coinbase International than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International W-PERP-INTX | 0.01190 | 0.0312 | pay 0.0039% / 1h | 29m 55s | $14K | $16K | 50x |
| Short | KuCoin WUSDTM | 0.01189 | 0.0100 | get 0.0050% / 4h | 1h 29m | $386K | $213K | 50x |
Coinbase International W-PERP-INTX
KuCoin WUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Coinbase International. 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
- −$44.52
- Price spread: −0.118% → 0.000%
- −$11.76
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$78.28
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; KuCoin: live order book, 67 min ago. Net counts fees only.
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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 67 min ago | 16.88 bp | 115.8 bp −$116 | 297.4 bp −$2,974 | doesn't fit | doesn't fit |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0002% | 1h | 0.01189 | −0.076% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.563% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01189 | −0.118% | $2.0M | $383K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01190 | −0.067% | $3.0M | $6.6M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01188 | −0.185% | $4.2M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01189 | −0.134% | $1.3M | $1.9M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01187 | −0.277% | $450K | $253K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01189 | −0.076% | $12.9M | $1.4M | 50x | as long as short |
| KuCoin WUSDTMshort | +0.0100% | 4h | 0.01189 | −0.118% | $386K | $213K | 50x | |
| Bitget WUSDT | +0.0100% | 4h | 0.01189 | −0.118% | $1.3M | $570K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01189 | −0.109% | — | $6.8M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01187 | −0.256% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01188 | −0.199% | $126K | $413K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01189 | −0.078% | $61K | $237K | 5x | as long as short |
| Coinbase International W-PERP-INTXlong | +0.0312% | 1h | 0.01190 | long leg | $14K | $16K | 50x | |
| Backpack W_USDC_PERP | +0.0620% | 1h | 0.01192 | +0.092% | $44K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1705% | 1h | 0.01192 | +0.148% | $148K | $184K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Backpack W_USDC_PERP
Kraken Futures PF_WUSD