Settings8H · net · $10k
Funding arb · Price arb /

BIRB

all BIRB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0538%/8h= +58.9% APRnext payment +$2.69 per $10,000 · paid last 24h +0.900%
Price spread now: BloFin against KuCoin−0.292%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.692%+$69 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. BloFin is 0.292% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.292% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 43 hours of funding at the current rate (+$16 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BIRBUSDTM0.068460.0100pay 0.0050% / 4h2h 50m$82K$36K20x
ShortBloFin BIRB-USDT0.068260.0638get 0.0319% / 4h2h 50m$83K$5K25x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$113.02
Price spread: −0.292% → 0.000%
−$29.21
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$59.8
Costs to cover
0.240%
Break-even
3.3 days
Slippage unknown: KuCoin: no order-book sample; BloFin: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin no order-book sample
Sell BloFin no order-book sample
KuCoin and BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BIRB on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BIRBUSDT+0.0100%4h0.06832−0.200%$15K$16K5xas long as short
Binance BIRBUSDT+0.0100%4h0.06836−0.146%$1.2M$1.9M50xas long as short
Gate BIRB_USDT+0.0100%4h0.06833−0.190%$56K$62K20xas long as short
MEXC BIRB_USDT+0.0100%4h0.06836−0.146%$140K$99K50xas long as short
KuCoin BIRBUSDTMlong+0.0100%4h0.06846long leg$82K$36K20x
Bitget BIRBUSDT+0.0100%4h0.06831−0.219%$418K$176K20xas long as short
BingX BIRB-USDT+0.0574%4h0.06831−0.219%$750Kas long as short
Bybit BIRBUSDT+0.0604%4h0.06823−0.336%$637K$459K25xas long as short
BloFin BIRB-USDTshort+0.0638%4h0.06826−0.292%$83K$5K25x