COST

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0116%/8h= −12.7% APRnext payment −$1.16 per $10,000 · paid last 24h −0.026%

Price spread now: KuCoin against Binance−0.094%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$750as in the Funding arb table

Net, price: spread back to 7d avg − costs−$759as in the Price arb table

costs, in and out, $10k−$7597.595% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 2 days (all we have)0.000%$0 · spread now −0.094%, 7d avg −0.095%

Together, before fees+0.090%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.095%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.090%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance COSTUSDT	898.85	0.0216	pay 0.0216% / 8h	5h 49m	$1.1M	$926K	20x
Short	KuCoin COSTUSDTM	898.00	0.0100	get 0.0100% / 8h	5h 49m	$47K	$871K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee KuCoinbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$24.42
Price spread: −0.094% → −0.095%: $0.07
Slippage, 4 orders: −$737.5
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$783.85
Costs to cover: 7.595%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; KuCoin: live order book, 60 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, 14 min ago	0.44 bp	16.2 bp −$16	51.5 bp −$515	doesn't fit	doesn't fit
Sell KuCoin live order book, 60 min ago	56.05 bp	383.3 bp −$383	doesn't fit	doesn't fit	doesn't fit

COST on 15 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 COSTUSDT	0.0000%	8h	898.76	−0.010%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.44	−0.046%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.38	+0.059%	$444K	$106K	10x	as long as short
Gate COST_USDT	0.0000%	8h	898.82	−0.003%	$520K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	898.71	−0.015%	$403K	$110K	25x	as long as short
SunX COST-USDT	0.0000%	8h	898.10	−0.083%	$2K	$3.0M	10x	as long as short
HTX COST-USDT	0.0000%	8h	899.82	+0.108%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0005%	1h	898.57	−0.031%	$1.1M	$2.9M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.764%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.067%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	898.57	−0.031%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.44	−0.046%	$1.8M	$515K	20x	as long as short
Variational Omni COST	+0.0098%	8h	898.46	−0.043%	$42K	$17K	—	as long as short
KuCoin COSTUSDTMshort	+0.0100%	8h	898.00	−0.094%	$47K	$871K	20x
Binance COSTUSDTlong	+0.0216%	8h	898.85	long leg	$1.1M	$926K	20x