Funding you earn now, next payment 08:00 UTC−0.0256%/8h= −28.0% APRnext payment −$2.56 per $10,000 · paid last 24h −0.014%
Price spread now: Binance against KuCoin−0.058%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$960.956% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 7 days+0.107%+$11 · spread now −0.058%, 7d avg −0.001%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.058% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.017% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.56 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 SOXSUSDTM | 34.190 | 0.0320 | pay 0.0320% / 8h | 4h 11m | $671K | $2.5M | 10x |
| Short | Binance SOXSUSDT | 34.170 | 0.0064 | get 0.0064% / 8h | 4h 11m | $15.5M | $174.1M | 25x |
KuCoin SOXSUSDTM
Binance SOXSUSDTFunding 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
- −$53.66
- Price spread: −0.058% → −0.001%
- −$5.79
- Slippage, 4 orders
- −$73.56
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$155
- Costs to cover
- 0.956%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 2 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, 5 min ago | 2.92 bp | 46.9 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.46 bp | 6.5 bp −$6 | 12.2 bp −$122 | 57.4 bp −$5,743 | doesn't fit |
SOXS 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SOXSUSDC | −0.0703% | 4h | 34.226 | +0.106% | $37K | $179K | 10x | as long as short |
| Bitget SOXSUSDT | −0.0117% | 8h | 34.180 | −0.029% | $5.9M | $16.6M | 20x | as long as short |
| Gate SOXS_USDT | 0.0000% | 8h | 34.180 | −0.029% | $2.1M | $10.5M | 25x | as long as short |
| SunX SOXS-USDT | 0.0000% | 8h | 34.200 | +0.029% | — | $4.3M | 10x | as long as short |
| HTX SOXS-USDT | 0.0000% | 8h | 34.270 | +0.234% | $11K | $24K | 10x | as long as short |
| Phemex SOXSUSDT | 0.0000% | 8h | 34.200 | +0.029% | $1.2M | $1.9M | 20x | as long as short |
| Lighter SOXS | +0.0032% | 1h | 34.149 | −0.120% | — | — | 10x | as long as short |
| Variational Omni SOXS | +0.0049% | 8h | 34.199 | +0.026% | $431K | $616K | — | as long as short |
| MEXC SOXS_USDT | +0.0063% | 8h | 34.160 | −0.088% | $10.5M | $12.9M | 50x | as long as short |
| Binance SOXSUSDTshort | +0.0064% | 8h | 34.170 | −0.058% | $15.5M | $174.1M | 25x |
edgeX SOXSUSDC
Bitget SOXSUSDT
Gate SOXS_USDT
SunX SOXS-USDT
HTX SOXS-USDT
Phemex SOXSUSDT
Lighter SOXS
Variational Omni SOXS
MEXC SOXS_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SOXS-USDT | +0.0085% | 8h | 34.210 | +0.058% | $193K | $55K | 25x | as long as short |
| Bybit SOXSUSDT | +0.0152% | 8h | 34.190 | 0.000% | $4.2M | $10.6M | 50x | as long as short |
| KuCoin SOXSUSDTMlong | +0.0320% | 8h | 34.190 | long leg | $671K | $2.5M | 10x | |
| OKX SOXS-USDT-SWAP | +0.0342% | 8h | 34.190 | 0.000% | $3.1M | $17.6M | 25x | as long as short |
| Kraken Futures PF_SOXSUSD | +0.0383% | 1h | 34.203 | +0.039% | $8K | $32K | 20x | as long as short |
BloFin SOXS-USDT
Bybit SOXSUSDT
OKX SOXS-USDT-SWAP
Kraken Futures PF_SOXSUSD