Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h +0.018%
Price spread now: KuCoin against BloFin+0.226%110s7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$249as 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−$2482.484% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)−0.466%−$47 · spread now +0.226%, 7d avg +0.020%
=The price spread pays, funding is against you. KuCoin is 0.206% dearer against BloFin than usual: you sell high and buy low (spread +0.226% now, against its 7-day average of +0.020%): +$21 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.7 days. At the pace of the last 7 days (−0.009% in total) that is about 5 months. The two prices were read 110 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 | BloFin AR-USDT | 4.4300 | 0.0220 | pay 0.0220% / 8h | 3h 53m | $423K | $466K | 20x |
| Short | KuCoin ARUSDTM | 4.4400 | 0.0100 | get 0.0100% / 8h | 3h 53m | $1.1M | $1.2M | 50x |
BloFin AR-USDT
KuCoin ARUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- −$25.2
- Price spread: +0.226% → +0.020%
- $20.58
- Slippage, 4 orders
- −$224.38
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$253
- Costs to cover
- 2.484%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 43 min ago; KuCoin: 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 BloFin live order book, 43 min ago | 5.59 bp | 16.6 bp −$17 | 44.7 bp −$447 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 5.64 bp | 109.9 bp −$110 | 729.5 bp −$7,295 | doesn't fit | doesn't fit |
AR 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSD | −0.1220% | 1h | 4.4237 | −0.143% | $60K | $159K | 20x | as long as short |
| GMX AR/USD [WBTC.b-USDC] | L −0.0141% / S +0.0551% | 1h | 4.4410 | +0.248% | $570K | — | 50x | as long as short |
| OKX AR-USDT-SWAP | +0.0087% | 8h | 4.4390 | +0.203% | $2.3M | $17.6M | 20x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.4325 | +0.057% | $26K | $465K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.4408 | +0.243% | $8.7M | $49.9M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.4405 | +0.237% | $4.5M | $8.2M | 75x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.4390 | +0.203% | $2.5M | $1.9M | 50x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.4420 | +0.271% | $6.3M | $4.0M | 100x | as long as short |
| KuCoin ARUSDTMshort | +0.0100% | 8h | 4.4400 | +0.226% | $1.1M | $1.2M | 50x | |
| Bitget ARUSDT | +0.0100% | 8h | 4.4400 | +0.226% | $3.9M | $5.1M | 75x | as long as short |
Kraken Futures PF_ARUSD
GMX AR/USD [WBTC.b-USDC]
OKX AR-USDT-SWAP
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
Gate AR_USDT
MEXC AR_USDT
Bitget ARUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AR-USDT | +0.0100% | 8h | 4.4400 | +0.226% | — | $2.8M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.4267 | −0.074% | $234K | $246K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.4370 | +0.158% | $19K | $718K | 50x | as long as short |
| Extended AR-USD | +0.0104% | 1h | 4.4395 | +0.215% | $36K | $236K | 10x | as long as short |
| BloFin AR-USDTlong | +0.0220% | 8h | 4.4300 | long leg | $423K | $466K | 20x | |
| Hyperliquid AR | +0.0235% | 1h | 4.4454 | +0.348% | $4.0M | $4.3M | 5x | as long as short |
| Injective AR/USDC PERP | +0.0433% | 1h | 4.4770 | +1.061% | $2K | $5K | 5.5x | as long as short |
BingX AR-USDT
Variational Omni AR
ApeX Omni ARUSDT
Extended AR-USD
Hyperliquid AR
Injective AR/USDC PERP