Funding you earn now, next payment 08:00 UTC+0.0771%/8h= +84.4% APRnext payment +$7.71 per $10,000 · paid last 24h +0.235%
Price spread now: Binance against KuCoin+0.031%7-day average −0.172% · you sell dearer than you buy
Net, funding: paid 7d − costs−$234as in the Funding arb table
Net, price: spread back to 7d avg − costs−$260as in the Price arb table
costs, in and out, $10k−$2802.799% of the position
Funding, last 7 days+0.456%+$46 on $10k
+Price spread, last 2 days (all we have)−0.357%−$36 · spread now +0.031%, 7d avg −0.172%
=Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Binance is 0.203% dearer against KuCoin than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.172%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.456% in total (about 23.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.71 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 | KuCoin BNCUSDTM | 6.5140 | 0.0100 | pay 0.0100% / 8h | 6h 34m | $47K | $3.0M | 20x |
| Short | Binance BNCUSDT | 6.5160 | 0.0871 | get 0.0871% / 8h | 6h 34m | $15.2M | $34.0M | 10x |
KuCoin BNCUSDTM
Binance BNCUSDTFunding 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
- $161.86
- Price spread: +0.031% → −0.172%
- $20.29
- Slippage, 4 orders
- −$257.95
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$97.79
- Costs to cover
- 2.799%
- Break-even
- 11.2 days
Slippage from KuCoin: live order book, 8 min ago; Binance: live order book, 7 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, 8 min ago | 6.12 bp | 99.6 bp −$100 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.77 bp | 15.3 bp −$15 | 57.1 bp −$571 | 408.6 bp −$40.9K | doesn't fit |
BNC on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BNCUSDT | −0.0249% | 8h | 6.5298 | +0.243% | $1.1M | $3.2M | 5x | as long as short |
| Bybit BNCUSDT | 0.0000% | 8h | 6.5130 | −0.015% | $582K | $2.0M | 25x | as long as short |
| Bullet BNC-USD | 0.0000% | 1h | 6.5173 | +0.050% | $10K | $69K | 10x | as long as short |
| HTX BNC-USDT | 0.0000% | 8h | 6.5170 | +0.046% | $14K | $32K | 10x | as long as short |
| QFEX BNC-USD | +0.0008% | 1h | 6.5100 | −0.061% | $53K | $40K | 10x | as long as short |
| KuCoin BNCUSDTMlong | +0.0100% | 8h | 6.5140 | long leg | $47K | $3.0M | 20x | |
| Aster BNCUSD1 | +0.0377% | 8h | 6.5028 | −0.171% | $186K | $22K | 10x | as long as short |
| Variational Omni BNC | +0.0690% | 8h | 6.5115 | −0.039% | $105K | $133K | — | as long as short |
| Binance BNCUSDTshort | +0.0871% | 8h | 6.5160 | +0.031% | $15.2M | $34.0M | 10x |
Bitget BNCUSDT
Bybit BNCUSDT
Bullet BNC-USD
HTX BNC-USDT
QFEX BNC-USD
Aster BNCUSD1
Variational Omni BNC