Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.05 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against KuCoin−0.019%110s7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$799as 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−$8268.257% of the position
Funding, last 7 days+0.270%+$27 on $10k
+Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.019%, 7d avg −0.056%
=The price spread pays, funding is against you. BloFin is 0.037% dearer against KuCoin than usual: you sell high and buy low (spread −0.019% now, against its 7-day average of −0.056%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 14 days. Mind the row above: over the last 7 days funding on this pair paid +0.270%, so the current rate has only just turned against you. 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 | KuCoin AXLUSDTM | 0.05240 | 0.0100 | pay 0.0050% / 4h | 2h 51m | $437K | $83K | 30x |
| Short | BloFin AXL-USDT | 0.05239 | 0.0091 | get 0.0045% / 4h | 2h 51m | $119K | $10K | 50x |
KuCoin AXLUSDTM
BloFin AXL-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1.92
- Price spread: −0.019% → −0.056%
- $3.74
- Slippage, 4 orders
- −$801.73
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$823.92
- Costs to cover
- 8.257%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; BloFin: live order book, 27 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, 7 min ago | 10.54 bp | 363.1 bp −$363 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 27 min ago | 3.81 bp | 31.1 bp −$31 | 99.5 bp −$995 | 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 | 0.05242 | +0.038% | — | $2.3M | — | as long as short |
| BloFin AXL-USDTshort | +0.0091% | 4h | 0.05239 | −0.019% | $119K | $10K | 50x | |
| Aster AXLUSDT | +0.0100% | 4h | 0.05241 | +0.017% | $34K | $7K | 5x | as long as short |
| Binance AXLUSDT | +0.0100% | 4h | 0.05243 | +0.059% | $1.8M | $3.4M | 50x | as long as short |
| Bybit AXLUSDT | +0.0100% | 4h | 0.05243 | +0.057% | $1.5M | $1.5M | 25x | as long as short |
| MEXC AXL_USDT | +0.0100% | 4h | 0.05242 | +0.038% | $325K | $162K | 50x | as long as short |
| KuCoin AXLUSDTMlong | +0.0100% | 4h | 0.05240 | long leg | $437K | $83K | 30x | |
| Bitget AXLUSDT | +0.0100% | 4h | 0.05243 | +0.057% | $574K | $281K | 50x | as long as short |
| Variational Omni AXL | +0.0100% | 4h | 0.05246 | +0.116% | $6K | $23K | — | as long as short |
BingX AXL-USDT
Aster AXLUSDT
Binance AXLUSDT
Bybit AXLUSDT
MEXC AXL_USDT
Bitget AXLUSDT
Variational Omni AXL