Funding you earn now, next payment 08:00 UTC−0.0670%/8h= −73.4% APRnext payment −$3.35 per $10,000 · paid last 24h −0.022%
Price spread now: KuCoin against Binance+0.006%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$296as in the Funding arb table
Net, price: spread back to 7d avg − costs−$288as in the Price arb table
costs, in and out, $10k−$2922.924% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)+0.108%+$11 · spread now +0.006%, 7d avg −0.034%
=The price spread pays, funding is against you. KuCoin is 0.040% dearer against Binance than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.034%): +$4 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.039% in total) that is about 7.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.35 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 1000XECUSDT | 0.000008629 | 0.0100 | pay 0.0050% / 4h | 2h 28m | $1.7M | $8.0M | 75x |
| Short | KuCoin XECUSDTM | 0.000008630 | −0.0570 | pay 0.0285% / 4h | 2h 28m | $189K | $118K | 20x |
Binance 1000XECUSDT
KuCoin XECUSDTMFunding 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
- −$140.7
- Price spread: +0.006% → −0.034%
- $4.01
- Slippage, 4 orders
- −$270.4
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$429.08
- Costs to cover
- 2.924%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; KuCoin: live order book, 27 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 Binance live order book, 10 min ago | 2.88 bp | 23.1 bp −$23 | 158.8 bp −$1,588 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 27 min ago | 17.15 bp | 159.2 bp −$159 | doesn't fit | doesn't fit | doesn't fit |
XEC on 7 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 1000XECUSDT | −0.0917% | 8h | 0.000008601 | −0.330% | $642K | $887K | 20x | as long as short |
| KuCoin XECUSDTMshort | −0.0570% | 4h | 0.000008630 | +0.006% | $189K | $118K | 20x | |
| Aster 1000XECUSDT | −0.0012% | 4h | 0.000008634 | +0.052% | $3K | $40K | 5x | as long as short |
| Binance 1000XECUSDTlong | +0.0100% | 4h | 0.000008629 | long leg | $1.7M | $8.0M | 75x | |
| MEXC XEC_USDT | +0.0100% | 4h | 0.000008636 | +0.075% | $331K | $110K | 20x | as long as short |
| Bitget 1000XECUSDT | +0.0100% | 4h | 0.000008625 | −0.052% | $1.1M | $753K | 50x | as long as short |
| Extended kXEC-USD | +0.0104% | 1h | 0.000008620 | −0.109% | $3K | — | 5x | as long as short |
Bybit 1000XECUSDT
Aster 1000XECUSDT
MEXC XEC_USDT
Bitget 1000XECUSDT
Extended kXEC-USD