Funding you earn now, next payment 06:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h 0.000%
Price spread now: Coinbase International against KuCoin−0.081%51s7-day average −0.275% · you buy dearer than you sell
Net, funding: paid 7d − costs−$314as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$3153.151% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.081%, 7d avg −0.275%
=The price spread pays, funding is against you. Coinbase International is 0.194% dearer against KuCoin than usual: you sell high and buy low (spread −0.081% now, against its 7-day average of −0.275%): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BEUSDTM | 270.81 | 0.0100 | pay 0.0100% / 8h | 1h 40m | $366K | $18K | 20x |
| Short | Coinbase International BE-PERP-INTX | 270.59 | 0.0056 | get 0.0007% / 1h | 40m 28s | $473K | $130K | 10x |
KuCoin BEUSDTM
Coinbase International BE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$9.24
- Price spread: −0.081% → −0.275%
- $19.35
- Slippage, 4 orders
- −$293.1
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$304.98
- Costs to cover
- 3.151%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Coinbase International: live order book, 3 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, 2 min ago | 13.29 bp | 154.9 bp −$155 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 3.69 bp | 8.7 bp −$9 | 16.6 bp −$166 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BE_USDT | −0.0121% | 8h | 270.60 | −0.078% | $1.4M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | −0.0098% | 8h | 270.84 | +0.011% | $1.6M | $2.6M | 20x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 270.79 | −0.009% | $341K | $123K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 270.82 | +0.003% | $46K | $257K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 270.86 | +0.018% | $8.2M | $37.2M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 270.83 | +0.007% | $2.6M | $6.8M | 25x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 271.18 | +0.135% | $7K | $157K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 270.87 | +0.022% | $1K | $2.3M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 270.91 | +0.037% | $12K | $35K | 20x | as long as short |
| Lighter BE | +0.0032% | 1h | 270.64 | −0.063% | — | — | 10x | as long as short |
Gate BE_USDT
Bitget BEUSDT
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
OKX BE-USDT-SWAP
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
Lighter BEShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH BE | +0.0032% | 1h | 270.70 | −0.041% | $241K | $297K | 10x | as long as short |
| QFEX BE-USD | +0.0040% | 1h | 270.85 | +0.015% | $1.3M | $2.4M | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 270.73 | −0.030% | $113K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 270.72 | −0.033% | — | — | 10x | as long as short |
| Bybit BEUSDT | +0.0049% | 8h | 270.91 | +0.037% | $2.0M | $1.1M | 25x | as long as short |
| Coinbase International BE-PERP-INTXshort | +0.0056% | 1h | 270.59 | −0.081% | $473K | $130K | 10x | |
| Deribit BE_USDC-PERPETUAL | +0.0083% | 1h | 270.76 | −0.018% | $6K | $4K | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0092% | 1h | 270.75 | −0.022% | $5.9M | $2.8M | 10x | as long as short |
| KuCoin BEUSDTMlong | +0.0100% | 8h | 270.81 | long leg | $366K | $18K | 20x | |
| Aevo BE-PERP | +0.0104% | 1h | 270.76 | −0.020% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 271.01 | +0.074% | $45K | $146K | 20x | as long as short |
Lighter RH BE
QFEX BE-USD
Arcus BE-USD
Vest BE-USD-PERP
Bybit BEUSDT
Deribit BE_USDC-PERPETUAL
tradeXYZ xyz:BE
Aevo BE-PERP
BloFin BE-USDT