Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.022%
Price spread now: Binance against KuCoin+0.058%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$2001.996% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 4 days (all we have)−0.418%−$42 · spread now +0.058%, 7d avg +0.002%
=The price spread pays, funding is against you. Binance is 0.056% dearer against KuCoin than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of +0.002%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.3 days. At the pace of the last 7 days (−0.170% in total) that is about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BEUSDTM | 275.82 | 0.0100 | pay 0.0100% / 8h | 5h 01m | $373K | $20K | 20x |
| Short | Binance BEUSDT | 275.98 | 0.0074 | get 0.0074% / 8h | 5h 01m | $8.5M | $36.3M | 25x |
KuCoin BEUSDTM
Binance BEUSDTFunding 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
- −$5.38
- Price spread: +0.058% → +0.002%
- $5.63
- Slippage, 4 orders
- −$177.56
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$199.31
- Costs to cover
- 1.996%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 20 min ago; Binance: live order book, 10 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, 20 min ago | 21.79 bp | 91.2 bp −$91 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.73 bp | 8.0 bp −$8 | 27.7 bp −$277 | 88.6 bp −$8,858 | doesn't fit |
BE on 21 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 BEUSDT | 0.0000% | 8h | 275.78 | −0.013% | $347K | $119K | 20x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 275.60 | −0.080% | $1.5M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 275.85 | +0.011% | $1.7M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 276.00 | +0.067% | $6K | $164K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 275.95 | +0.047% | $1K | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 276.09 | +0.098% | $13K | $34K | 20x | as long as short |
| QFEX BE-USD | +0.0012% | 1h | 275.90 | +0.029% | $1.3M | $2.7M | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0016% | 1h | 273.08 | −0.993% | $473K | $129K | 10x | as long as short |
| Lighter BE | +0.0032% | 1h | 275.73 | −0.033% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 275.82 | 0.000% | $252K | $289K | 10x | as long as short |
Aster BEUSDT
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
QFEX BE-USD
Coinbase International BE-PERP-INTX
Lighter BE
Lighter RH BEShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BE-USD | +0.0040% | 1h | 275.64 | −0.065% | $115K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 275.84 | +0.007% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 275.73 | −0.033% | $5.9M | $2.7M | 10x | as long as short |
| Bybit BEUSDT | +0.0069% | 8h | 276.03 | +0.076% | $2.0M | $1.2M | 25x | as long as short |
| Extended BE-USD | +0.0072% | 1h | 275.88 | +0.021% | $46K | $259K | 10x | as long as short |
| Binance BEUSDTshort | +0.0074% | 8h | 275.98 | +0.058% | $8.5M | $36.3M | 25x | |
| KuCoin BEUSDTMlong | +0.0100% | 8h | 275.82 | long leg | $373K | $20K | 20x | |
| Aevo BE-PERP | +0.0104% | 1h | 275.90 | +0.028% | — | — | 10x | as long as short |
| OKX BE-USDT-SWAP | +0.0130% | 8h | 276.06 | +0.087% | $2.7M | $6.8M | 25x | as long as short |
| BloFin BE-USDT | +0.0192% | 8h | 275.99 | +0.062% | $1K | $142K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0729% | 1h | 275.97 | +0.054% | $7K | $4K | 10x | as long as short |
Arcus BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
Bybit BEUSDT
Extended BE-USD
Aevo BE-PERP
OKX BE-USDT-SWAP
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL