Funding you earn now, next payment 08:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.94 per $10,000 · paid last 24h −0.037%
Price spread now: KuCoin against Binance−0.021%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$205as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$2052.047% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 2 days (all we have)−0.073%−$7 · spread now −0.021%, 7d avg −0.078%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.058% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance AAPLUSDT | 339.14 | 0.0006 | pay 0.0006% / 8h | 5h 51m | $22.3M | $67.0M | 25x |
| Short | KuCoin AAPLUSDTM | 339.07 | 0.0100 | get 0.0100% / 8h | 5h 51m | $1.4M | $27K | 20x |
Binance AAPLUSDT
KuCoin AAPLUSDTMFunding 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
- $19.75
- Price spread: −0.021% → −0.078%
- $5.75
- Slippage, 4 orders
- −$182.72
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$179.21
- Costs to cover
- 2.047%
- Break-even
- 70.5 days
Slippage from Binance: live order book, 6 min ago; KuCoin: live order book, 4 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, 6 min ago | 0.15 bp | 5.5 bp −$5 | 8.8 bp −$88 | 24.4 bp −$2,435 | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 23.48 bp | 82.3 bp −$82 | doesn't fit | doesn't fit | doesn't fit |
AAPL on 32 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0436% | 4h | 339.16 | +0.005% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0079% | 1h | 339.01 | −0.039% | $555K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.05 | −0.026% | $122K | $291K | 20x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 339.14 | 0.000% | $6.0M | $39.1M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.12 | −0.006% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.88 | −0.077% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.16 | +0.006% | $6.2M | $3.5M | 100x | as long as short |
| Variational Omni AAPL | 0.0000% | 8h | 339.21 | +0.022% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.21 | +0.019% | $17K | $433K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.13 | −0.003% | $627 | $4.7M | 20x | as long as short |
edgeX AAPLUSDC
Nado AAPL-PERP
Aster AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.91 | −0.068% | $28K | $67K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.27 | +0.038% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.17 | +0.009% | $2.1M | $6K | 10x | as long as short |
| Binance AAPLUSDTlong | +0.0006% | 8h | 339.14 | long leg | $22.3M | $67.0M | 25x | |
| Extended AAPL_24_5-USD | +0.0008% | 1h | 339.05 | −0.028% | $288K | $2.0M | 10x | as long as short |
| QFEX AAPL-USD | +0.0013% | 1h | 339.05 | −0.027% | $3.3M | $4.9M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.98 | −0.047% | $754K | $2.4M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.02 | −0.035% | $949K | $3.5M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.02 | −0.035% | $270K | $70K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.95 | −0.056% | — | $45K | 25x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0048% | 1h | 338.98 | −0.047% | $656K | $664K | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.04 | −0.029% | $40.7M | $75.8M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.85 | −0.086% | $262K | $371K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.02 | −0.035% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.87 | −0.080% | $1.3M | $2.5M | 20x | as long as short |
| KuCoin AAPLUSDTMshort | +0.0100% | 8h | 339.07 | −0.021% | $1.4M | $27K | 20x | |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.08 | −0.018% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.01 | −0.038% | $4K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0104% | 1h | 339.04 | −0.029% | $36K | — | 20x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.01 | −0.038% | $11K | — | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.95 | −0.056% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0259% | 1h | 339.13 | −0.003% | $5K | $11K | 20x | as long as short |
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
Extended AAPL_24_5-USD
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Coinbase International AAPL-PERP-INTX
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Hotstuff AAPL-PERP
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL