Funding you earn now, next payment 08:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.72 per $10,000 · paid last 24h −0.042%
Price spread now: KuCoin against Binance−0.147%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1681.678% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.147%, 7d avg −0.095%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.051% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.095%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BABAUSDT | 117.73 | 0.0172 | pay 0.0172% / 8h | 2h 25m | $15.6M | $31.2M | 20x |
| Short | KuCoin BABAUSDTM | 117.56 | 0.0100 | get 0.0100% / 8h | 2h 25m | $611K | $429K | 20x |
Binance BABAUSDT
KuCoin BABAUSDTMFunding 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
- −$15.09
- Price spread: −0.147% → −0.095%
- −$5.11
- Slippage, 4 orders
- −$145.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$188.04
- Costs to cover
- 1.678%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; KuCoin: live order book, 34 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, 1 min ago | 0.43 bp | 9.8 bp −$10 | 22.9 bp −$229 | 72.2 bp −$7,221 | doesn't fit |
| Sell KuCoin live order book, 34 min ago | 22.87 bp | 67.4 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
BABA on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BABAUSDT | 0.0000% | 8h | 117.92 | +0.155% | $70K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.67 | −0.053% | $2.1M | $721K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.73 | −0.002% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.76 | +0.023% | $2.4M | $1.7M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.71 | −0.019% | $880 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.74 | +0.006% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.73 | −0.002% | $375K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.66 | −0.062% | $436K | $514K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.607% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.62 | −0.096% | $71K | $110K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.67 | −0.053% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.63 | −0.087% | $11.9M | $4.3M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.64 | −0.079% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.62 | −0.096% | $238K | $400K | 10x | as long as short |
| QFEX BABA-USD | +0.0073% | 1h | 117.72 | −0.011% | $1.2M | $3.4M | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0077% | 8h | 117.75 | +0.016% | $2K | $193K | 10x | as long as short |
| KuCoin BABAUSDTMshort | +0.0100% | 8h | 117.56 | −0.147% | $611K | $429K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.66 | −0.062% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0105% | 8h | 117.65 | −0.074% | $264K | $658K | — | as long as short |
| Extended BABA_24_5-USD | +0.0168% | 1h | 117.69 | −0.036% | $43K | $357K | 10x | as long as short |
| Binance BABAUSDTlong | +0.0172% | 8h | 117.73 | long leg | $15.6M | $31.2M | 20x | |
| Phoenix BABA | +0.0271% | 1h | 117.73 | −0.002% | $66K | $90K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
GRVT BABA_USDT_Perp
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Extended BABA_24_5-USD
Phoenix BABA