APR

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0723%/8h= −79.2% APRnext payment −$3.61 per $10,000 · paid last 24h −0.211%

Price spread now: BloFin against KuCoin+0.213%65s7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$813as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$7407.400% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.727%−$73 on $10k

Price spread, last 4 days (all we have)+0.572%+$57 · spread now +0.213%, 7d avg +0.118%

Together, before fees−0.154%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.095% dearer against KuCoin than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of +0.118%): +$10 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.727% in total) that is about 22 hours. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin APRUSDTM	0.1457	0.0792	pay 0.0396% / 4h	3h 00m	$2.3M	$327K	50x
Short	BloFin APR-USDT	0.1460	0.0069	get 0.0035% / 4h	3h 00m	$284K	$113K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now +0.213%Rate

Funding earned: −$151.83
Price spread: +0.213% → +0.118%: $9.53
Slippage, 4 orders: −$715.96
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$882.25
Costs to cover: 7.400%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; BloFin: live order book, 9 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, 6 min ago	15.76 bp	461.1 bp −$461	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 9 min ago	10.27 bp	18.6 bp −$19	64.0 bp −$640	252.6 bp −$25.3K	doesn't fit

APR on 12 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
BloFin APR-USDTshort	+0.0069%	4h	0.1460	+0.213%	$284K	$113K	50x
Binance APRUSDT	+0.0100%	4h	0.1457	+0.007%	$6.6M	$4.7M	50x	as long as short
Bybit APRUSDT	+0.0100%	4h	0.1457	−0.027%	$1.4M	$581K	20x	as long as short
OKX APR-USDT-SWAP	+0.0100%	4h	0.1458	+0.076%	$1.2M	$2.4M	20x	as long as short
Gate APR_USDT	+0.0100%	4h	0.1456	−0.089%	$695K	$200K	25x	as long as short
MEXC APR_USDT	+0.0100%	4h	0.1457	+0.007%	$370K	$176K	50x	as long as short
SunX APR-USDT	+0.0100%	4h	0.1461	+0.309%	$1K	$1.1M	20x	as long as short
HTX APR-USDT	+0.0100%	4h	0.1464	+0.487%	$19K	$35K	20x	as long as short
Bitget APRUSDT	+0.0174%	4h	0.1457	+0.041%	$3.9M	$970K	50x	as long as short
BingX APR-USDT	+0.0196%	4h	0.1457	+0.007%	—	$1.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster APRUSDT	+0.0524%	4h	0.1457	−0.018%	$70K	$74K	5x	as long as short
KuCoin APRUSDTMlong	+0.0792%	4h	0.1457	long leg	$2.3M	$327K	50x