Funding you earn now, next payment 08:00 UTC−0.0035%/8h= −3.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.001%
Price spread now: KuCoin against BloFin+0.135%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$853as in the Funding arb table
Net, price: spread back to 7d avg − costs−$818as in the Price arb table
costs, in and out, $10k−$8268.257% of the position
Funding, last 7 days−0.270%−$27 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.135%, 7d avg +0.055%
=The price spread pays, funding is against you. KuCoin is 0.080% dearer against BloFin than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of +0.055%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.6 days. At the pace of the last 7 days (−0.270% in total) that is about 2.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin AXL-USDT | 0.05189 | 0.0135 | pay 0.0068% / 4h | 2h 34m | $119K | $10K | 50x |
| Short | KuCoin AXLUSDTM | 0.05196 | 0.0100 | get 0.0050% / 4h | 2h 34m | $436K | $83K | 30x |
BloFin AXL-USDT
KuCoin AXLUSDTMFunding 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
- −$7.39
- Price spread: +0.135% → +0.055%
- $7.98
- Slippage, 4 orders
- −$801.73
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$825.14
- Costs to cover
- 8.257%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 44 min ago; KuCoin: live order book, 23 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, 44 min ago | 3.81 bp | 18.8 bp −$19 | 66.3 bp −$663 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 23 min ago | 10.54 bp | 412.7 bp −$413 | doesn't fit | doesn't fit | doesn't fit |
AXL on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX AXL-USDT | +0.0070% | 4h | 0.05190 | +0.019% | — | $2.3M | — | as long as short |
| Aster AXLUSDT | +0.0100% | 4h | 0.05192 | +0.064% | $34K | $7K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05194 | +0.089% | $1.8M | $3.4M | 50x | as long as short |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05191 | +0.039% | $1.5M | $1.5M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05193 | +0.077% | $322K | $163K | 50x | as long as short |
| KuCoin AXLUSDTMshort | +0.0100% | 4h | 0.05196 | +0.135% | $436K | $83K | 30x | |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05191 | +0.039% | $568K | $280K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05186 | −0.054% | $6K | $23K | — | as long as short |
| BloFin AXL-USDTlong | +0.0135% | 4h | 0.05189 | long leg | $119K | $10K | 50x |
BingX AXL-USDT
Aster AXLUSDT
Binance AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
Bitget AXLUSDT
Variational Omni AXL