Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.007%
Price spread now: KuCoin against BloFin−0.090%80s7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as 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−$580.583% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)−0.372%−$37 · spread now −0.090%, 7d avg +0.021%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.112% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.021%). Swap the legs. The two prices were read 80 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 ARB-USDT | 0.2212 | 0.0220 | pay 0.0220% / 8h | 2h 11m | $3.0M | $2.4M | 75x |
| Short | KuCoin ARBUSDTM | 0.2210 | 0.0100 | get 0.0100% / 8h | 2h 11m | $19.7M | $14.4M | 75x |
BloFin ARB-USDT
KuCoin ARBUSDTMFunding 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: −0.090% → +0.021%
- −$11.16
- Slippage, 4 orders
- −$34.31
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$94.67
- Costs to cover
- 0.583%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 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, 6 min ago | 0.46 bp | 9.1 bp −$9 | 20.0 bp −$200 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 2.93 bp | 23.8 bp −$24 | 42.7 bp −$427 | doesn't fit | doesn't fit |
ARB on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1581% | 1h | 0.2204 | −0.353% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0144% | 1h | 0.2206 | −0.244% | $7K | $236 | 10x | as long as short |
| Variational Omni ARB | −0.0099% | 8h | 0.2204 | −0.335% | $1.8M | $3.0M | — | as long as short |
| Kraken Futures PF_ARBUSD | −0.0074% | 1h | 0.2207 | −0.211% | $1.1M | $4.5M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0070% | 1h | 0.2206 | −0.280% | $79K | $2.1M | 10x | as long as short |
| Bybit ARBUSDT | −0.0067% | 8h | 0.2209 | −0.145% | $54.8M | $125.4M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0067% | 1h | 0.2207 | −0.199% | $23K | $33K | 25x | as long as short |
| OKX ARB-USDT-SWAP | −0.0050% | 8h | 0.2208 | −0.167% | $21.8M | $145.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0050% | 8h | 0.2208 | −0.149% | $41.8M | $61.7M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0046% | 8h | 0.2207 | −0.217% | $12K | $408K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Kraken Futures PF_ARBUSD
Polymarket Perps ARB-USD
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUAL
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2210 | −0.099% | $65K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2207 | −0.197% | $44K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0058% | 8h | 0.2208 | −0.172% | $21.2M | $34.6M | 50x | as long as short |
| Gate ARB_USDT | +0.0081% | 8h | 0.2209 | −0.136% | $5.4M | $18.3M | 60x | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2206 | −0.269% | $446K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2208 | −0.185% | $1.3M | $5.5M | 15x | as long as short |
| BingX ARB-USDC | +0.0096% | 8h | 0.2208 | −0.194% | — | $6.5M | — | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2211 | −0.050% | $37.0M | $48.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2211 | −0.051% | $636K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2210 | −0.081% | $42K | $149K | 10x | as long as short |
| Binance ARBUSDT | +0.0100% | 8h | 0.2209 | −0.133% | $63.1M | $300.9M | 75x | as long as short |
| KuCoin ARBUSDTMshort | +0.0100% | 8h | 0.2210 | −0.090% | $19.7M | $14.4M | 75x | |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2204 | −0.369% | $39K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2203 | −0.398% | $473K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2204 | −0.353% | $119K | $281K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2208 | −0.172% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2207 | −0.212% | $9K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2209 | −0.109% | $295K | $884K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2207 | −0.217% | $4.9M | $12.8M | 50x | as long as short |
| Extended ARB-USD | +0.0104% | 1h | 0.2208 | −0.176% | $352K | $2.8M | 25x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2208 | −0.172% | $140K | $7K | 3x | as long as short |
| BloFin ARB-USDTlong | +0.0220% | 8h | 0.2212 | long leg | $3.0M | $2.4M | 75x | |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0159% | 1h | 0.2207 | −0.220% | $836K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2217 | +0.235% | $513K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2206 | −0.258% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0746% | 1h | 0.2211 | −0.054% | $991K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
Gate ARB_USDT
RISEx ARB/USDC
Lighter ARB
BingX ARB-USDC
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Binance ARBUSDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
Extended ARB-USD
Aevo ARB-PERP
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP