Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.092%
Price spread now: KuCoin against Binance+0.131%7-day average −0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$823as in the Funding arb table
Net, price: spread back to 7d avg − costs−$796as in the Price arb table
costs, in and out, $10k−$8198.192% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)−0.232%−$23 · spread now +0.131%, 7d avg −0.102%
=The price spread pays, funding is against you. KuCoin is 0.234% dearer against Binance than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of −0.102%): +$23 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.5 days. At the pace of the last 7 days (−0.040% in total) that is about 41 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance GLWUSDT | 160.25 | 0.0220 | pay 0.0220% / 8h | 3h 39m | $10.5M | $21.9M | 20x |
| Short | KuCoin GLWUSDTM | 160.46 | 0.0100 | get 0.0100% / 8h | 3h 39m | $323K | $929K | 20x |
Binance GLWUSDT
KuCoin GLWUSDTMFunding 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
- −$25.19
- Price spread: +0.131% → −0.102%
- $23.35
- Slippage, 4 orders
- −$797.23
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$821.07
- Costs to cover
- 8.192%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; KuCoin: live order book, 5 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 | 1.56 bp | 13.9 bp −$14 | 43.8 bp −$438 | 133.5 bp −$13.3K | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 2.49 bp | 356.7 bp −$357 | doesn't fit | doesn't fit | doesn't fit |
GLW on 17 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 GLWUSDT | 0.0000% | 8h | 160.63 | +0.239% | $41K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 160.24 | −0.006% | $919K | $200K | 25x | as long as short |
| Gate GLW_USDT | 0.0000% | 8h | 160.38 | +0.082% | $2.2M | $4.2M | 50x | as long as short |
| Bitget GLWUSDT | 0.0000% | 8h | 160.49 | +0.150% | $2.1M | $851K | 20x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 160.51 | +0.163% | $1K | $1.8M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 160.57 | +0.200% | $16K | $16K | 20x | as long as short |
| Paragon para:GLW | +0.0011% | 1h | 160.42 | +0.107% | $312K | $40K | 10x | as long as short |
| GRVT GLW_USDT_Perp | +0.0025% | 8h | 160.61 | +0.228% | $344 | $192K | 10x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 160.57 | +0.200% | — | — | 10x | as long as short |
| QFEX GLW-USD | +0.0050% | 1h | 160.43 | +0.113% | $1.1M | $1.9M | 10x | as long as short |
Aster GLWUSDT
Bybit GLWUSDT
Gate GLW_USDT
Bitget GLWUSDT
SunX GLW-USDT
HTX GLW-USDT
Paragon para:GLW
GRVT GLW_USDT_Perp
Vest GLW-USD-PERP
QFEX GLW-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 160.54 | +0.181% | $300K | $108K | 10x | as long as short |
| KuCoin GLWUSDTMshort | +0.0100% | 8h | 160.46 | +0.131% | $323K | $929K | 20x | |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 160.50 | +0.156% | $2K | $2K | 10x | as long as short |
| OKX GLW-USDT-SWAP | +0.0171% | 8h | 160.15 | −0.062% | $2.2M | $4.4M | 20x | as long as short |
| Binance GLWUSDTlong | +0.0220% | 8h | 160.25 | long leg | $10.5M | $21.9M | 20x | |
| Extended GLW-USD | +0.0224% | 1h | 160.44 | +0.117% | $2K | $1K | 10x | as long as short |
| BloFin GLW-USDT | +0.0225% | 8h | 160.57 | +0.200% | $152K | $36K | 20x | as long as short |
Ondo Perps GLW-USD.P
Orderly PERP_GLW_USDC_mythos
OKX GLW-USDT-SWAP
Extended GLW-USD
BloFin GLW-USDT