Funding you earn now, next payment 08:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.15 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against KuCoin0.000%80s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$560as 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−$5675.671% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 4 days (all we have)+0.171%+$17 · spread now 0.000%, 7d avg +0.028%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.028% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.028%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you. 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 | KuCoin BATUSDTM | 0.08340 | 0.0100 | pay 0.0100% / 8h | 2h 35m | $259K | $63K | 20x |
| Short | BloFin BAT-USDT | 0.08340 | 0.0085 | get 0.0085% / 8h | 2h 35m | $99K | $33K | 50x |
KuCoin BATUSDTM
BloFin BAT-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
- −$3.24
- Price spread: 0.000% → +0.028%
- −$2.84
- Slippage, 4 orders
- −$543.11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$573.19
- Costs to cover
- 5.671%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 21 min ago; BloFin: live order book, 76 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, 21 min ago | 11.88 bp | 163.5 bp −$164 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 76 min ago | 7.68 bp | 20.7 bp −$21 | 53.9 bp −$539 | doesn't fit | doesn't fit |
BAT on 11 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_BATUSD | −0.0294% | 1h | 0.08339 | −0.008% | $114K | $7K | 10x | as long as short |
| BloFin BAT-USDTshort | +0.0085% | 8h | 0.08340 | 0.000% | $99K | $33K | 50x | |
| Binance BATUSDT | +0.0100% | 8h | 0.08343 | +0.036% | $1.9M | $2.1M | 50x | as long as short |
| Bybit BATUSDT | +0.0100% | 8h | 0.08352 | +0.144% | $1.1M | $487K | 25x | as long as short |
| OKX BAT-USDT-SWAP | +0.0100% | 8h | 0.08345 | +0.060% | $524K | $416K | 20x | as long as short |
| Gate BAT_USDT | +0.0100% | 8h | 0.08341 | +0.012% | $82K | $28K | 25x | as long as short |
| MEXC BAT_USDT | +0.0100% | 8h | 0.08348 | +0.096% | $786K | $637K | 125x | as long as short |
| KuCoin BATUSDTMlong | +0.0100% | 8h | 0.08340 | long leg | $259K | $63K | 20x | |
| Bitget BATUSDT | +0.0100% | 8h | 0.08340 | 0.000% | $676K | $180K | 50x | as long as short |
| BingX BAT-USDT | +0.0100% | 8h | 0.08342 | +0.024% | — | $1.3M | — | as long as short |
Kraken Futures PF_BATUSD
Binance BATUSDT
Bybit BATUSDT
OKX BAT-USDT-SWAP
Gate BAT_USDT
MEXC BAT_USDT
Bitget BATUSDT
BingX BAT-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BAT | +0.0100% | 8h | 0.08341 | +0.008% | $113K | $78 | — | as long as short |
Variational Omni BAT