Funding you earn now, next payment 00:00 UTC−0.0726%/8h= −79.5% APRnext payment −$7.26 per $10,000 · paid last 24h +0.016%
Price spread now: KuCoin against Binance+0.059%7-day average −0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$932as in the Funding arb table
Net, price: spread back to 7d avg − costs−$929as in the Price arb table
costs, in and out, $10k−$9459.451% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 2 days (all we have)−0.137%−$14 · spread now +0.059%, 7d avg −0.102%
=The price spread pays, funding is against you. KuCoin is 0.161% dearer against Binance than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.102%): +$16 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 18 hours. Mind the row above: over the last 7 days funding on this pair paid +0.133%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.133% in total (about 7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.26 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 | Binance WMTUSDT | 107.51 | 0.0826 | pay 0.0826% / 8h | 13m 40s | $1.6M | $1.1M | 20x |
| Short | KuCoin WMTUSDTM | 107.57 | 0.0100 | get 0.0100% / 8h | 13m 40s | $33K | $821K | 20x |
Binance WMTUSDT
KuCoin WMTUSDTMFunding 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
- −$152.37
- Price spread: +0.059% → −0.102%
- $16.1
- Slippage, 4 orders
- −$923.12
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,081.39
- Costs to cover
- 9.451%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; KuCoin: live order book, 51 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, 5 min ago | 0.47 bp | 12.0 bp −$12 | 47.3 bp −$473 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 51 min ago | 12.55 bp | 679.7 bp −$680 | doesn't fit | doesn't fit | doesn't fit |
WMT 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 WMTUSDC | −0.0805% | 4h | 107.46 | −0.044% | $15K | $256K | 10x | as long as short |
| Aster WMTUSDT | 0.0000% | 8h | 107.32 | −0.170% | $4K | $71 | 20x | as long as short |
| Bybit WMTUSDT | 0.0000% | 8h | 107.67 | +0.152% | $118K | $12K | 50x | as long as short |
| Gate WMT_USDT | 0.0000% | 8h | 107.47 | −0.034% | $814K | $20K | 25x | as long as short |
| Bitget WMTUSDT | 0.0000% | 8h | 107.51 | +0.003% | $540K | $123K | 50x | as long as short |
| HTX WMT-USDT | 0.0000% | 8h | 107.49 | −0.016% | $5K | $347K | 20x | as long as short |
| QFEX WMT-USD | +0.0029% | 1h | 107.49 | −0.016% | $1.1M | $2.8M | 10x | as long as short |
| Injective WMT/USDC PERP | +0.0033% | 1h | 106.82 | −0.639% | $3K | $26K | 12x | as long as short |
| KuCoin WMTUSDTMshort | +0.0100% | 8h | 107.57 | +0.059% | $33K | $821K | 20x | |
| SunX WMT-USDT | +0.0100% | 8h | 107.49 | −0.016% | $2K | $3.0M | 10x | as long as short |
edgeX WMTUSDC
Aster WMTUSDT
Bybit WMTUSDT
Gate WMT_USDT
Bitget WMTUSDT
HTX WMT-USDT
QFEX WMT-USD
Injective WMT/USDC PERP
SunX WMT-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WMT-USDT-SWAP | +0.0105% | 8h | 107.68 | +0.161% | $82K | $34K | 20x | as long as short |
| Variational Omni WMT | +0.0600% | 8h | 107.47 | −0.035% | $61K | $79K | — | as long as short |
| Extended WMT-USD | +0.0824% | 1h | 107.48 | −0.023% | $23K | $115K | 10x | as long as short |
| Binance WMTUSDTlong | +0.0826% | 8h | 107.51 | long leg | $1.6M | $1.1M | 20x | |
| GRVT WMT_USDT_Perp | +0.0937% | 8h | 107.49 | −0.016% | $277 | $126K | 10x | as long as short |
OKX WMT-USDT-SWAP
Variational Omni WMT
Extended WMT-USD
GRVT WMT_USDT_Perp