Funding you earn now, next payment 08:00 UTC−0.0472%/8h= −51.6% APRnext payment −$2.36 per $10,000 · paid last 24h −0.017%
Price spread now: KuCoin against Binance+0.053%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$650.647% of the position
Funding, last 7 days+0.084%+$8 on $10k
+Price spread, last 4 days (all we have)−0.279%−$28 · spread now +0.053%, 7d avg −0.016%
=The price spread pays, funding is against you. KuCoin is 0.069% dearer against Binance than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.016%): +$7 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.084%, 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 0.084% in total (about 4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.36 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 XPTUSDT | 1,796.4 | 0.1236 | pay 0.0618% / 4h | 3h 03m | $4.5M | $4.3M | 100x |
| Short | KuCoin XPTUSDTM | 1,797.4 | 0.0764 | get 0.0382% / 4h | 3h 03m | $249K | $40K | 75x |
Binance XPTUSDT
KuCoin XPTUSDTMFunding 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
- −$99.02
- Price spread: +0.053% → −0.016%
- $6.85
- Slippage, 4 orders
- −$42.67
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$156.84
- Costs to cover
- 0.647%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; KuCoin: live order book, 67 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, 3 min ago | 0.47 bp | 11.8 bp −$12 | 24.2 bp −$242 | 121.7 bp −$12.2K | doesn't fit |
| Sell KuCoin live order book, 67 min ago | 7.85 bp | 19.4 bp −$19 | 179.3 bp −$1,793 | doesn't fit | doesn't fit |
XPT on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX XPT-USDT | 0.0000% | 4h | 1,796.6 | +0.009% | $10K | $38K | 30x | as long as short |
| gTrade (Gains Network) XPT/USD | L +0.0006% / S −0.0006% | 1h | 1,791.6 | −0.269% | $230 | — | 150x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,792.1 | −0.241% | — | $50 | 25x | as long as short |
| Pacifica PLATINUM | +0.0100% | 1h | 1,794.8 | −0.091% | $13K | $31K | 10x | as long as short |
| Injective XPT/USDC PERP | +0.0220% | 1h | 1,814.9 | +1.028% | $6K | $34K | 52x | as long as short |
| Aevo PLATINUM-PERP | +0.0416% | 1h | 1,797.6 | +0.064% | $306 | — | 10x | as long as short |
| tradeXYZ xyz:PLATINUM | +0.0579% | 1h | 1,795 | −0.080% | $3.6M | $1.0M | 20x | as long as short |
| KuCoin XPTUSDTMshort | +0.0764% | 4h | 1,797.4 | +0.053% | $249K | $40K | 75x | |
| Paradex XPT-USD-PERP | +0.0785% | 8h | 1,797.2 | +0.045% | $3K | — | 5x | as long as short |
| Gate XPT_USDT | +0.0894% | 4h | 1,797.6 | +0.067% | $730K | $511K | 100x | as long as short |
HTX XPT-USDT
gTrade (Gains Network) XPT/USD
Vest PL-PERP
Pacifica PLATINUM
Injective XPT/USDC PERP
Aevo PLATINUM-PERP
tradeXYZ xyz:PLATINUM
Paradex XPT-USD-PERP
Gate XPT_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XPT | +0.1056% | 1h | 1,798.1 | +0.093% | $355K | $20K | 20x | as long as short |
| Variational Omni XPT | +0.1180% | 4h | 1,796.3 | −0.005% | $280K | $189K | — | as long as short |
| Aster XPTUSDT | +0.1183% | 4h | 1,793.2 | −0.178% | $14K | $9K | 20x | as long as short |
| edgeX XPTUSDC | +0.1208% | 4h | 1,795.4 | −0.056% | $39K | $282K | 10x | as long as short |
| OKX XPT-USDT-SWAP | +0.1223% | 8h | 1,796.7 | +0.015% | $954K | $617K | 50x | as long as short |
| MEXC XPT_USDT | +0.1228% | 4h | 1,794.7 | −0.096% | $23.6M | $604K | 100x | as long as short |
| Binance XPTUSDTlong | +0.1236% | 4h | 1,796.4 | long leg | $4.5M | $4.3M | 100x | |
| BloFin XPT-USDT | +0.1270% | 4h | 1,796.8 | +0.018% | $90K | $68K | 100x | as long as short |
| Bitget XPTUSDT | +0.1292% | 4h | 1,795.1 | −0.073% | $1.4M | $472K | 100x | as long as short |
| Extended XPT-USD | +0.1400% | 1h | 1,791.6 | −0.269% | $205K | $617K | 10x | as long as short |
| GRVT XPT_USDT_Perp | +0.1764% | 4h | 1,796 | −0.025% | $206K | $812K | 25x | as long as short |
Lighter XPT
Variational Omni XPT
Aster XPTUSDT
edgeX XPTUSDC
OKX XPT-USDT-SWAP
MEXC XPT_USDT
BloFin XPT-USDT
Bitget XPTUSDT
Extended XPT-USD
GRVT XPT_USDT_Perp