Funding you earn now, next payment 08:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.21 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against KuCoin−0.245%50s7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$813as 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−$8388.376% of the position
Funding, last 7 days+0.250%+$25 on $10k
+Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.245%, 7d avg −0.043%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.202% cheaper against KuCoin than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.043%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.250%, so the current rate has only just turned against you. The two prices were read 50 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 C98USDTM | 0.01633 | 0.0100 | pay 0.0100% / 8h | 3h 30m | $199K | $39K | 20x |
| Short | BloFin C98-USDT | 0.01629 | 0.0079 | get 0.0079% / 8h | 3h 30m | $130K | $18K | 50x |
KuCoin C98USDTM
BloFin C98-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
- −$4.38
- Price spread: −0.245% → −0.043%
- −$20.2
- Slippage, 4 orders
- −$813.61
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$862.19
- Costs to cover
- 8.376%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 40 min ago; BloFin: live order book, 51 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, 40 min ago | 27.28 bp | 371.9 bp −$372 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 51 min ago | 3.03 bp | 30.9 bp −$31 | 82.9 bp −$829 | doesn't fit | doesn't fit |
C98 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_C98USD | −0.0263% | 1h | 0.01628 | −0.311% | $17K | $2K | 10x | as long as short |
| BloFin C98-USDTshort | +0.0079% | 8h | 0.01629 | −0.245% | $130K | $18K | 50x | |
| Binance C98USDT | +0.0100% | 8h | 0.01630 | −0.173% | $1.4M | $2.0M | 50x | as long as short |
| Bybit C98USDT | +0.0100% | 8h | 0.01630 | −0.178% | $867K | $332K | 25x | as long as short |
| Gate C98_USDT | +0.0100% | 8h | 0.01631 | −0.122% | $103K | $47K | 25x | as long as short |
| MEXC C98_USDT | +0.0100% | 8h | 0.01630 | −0.184% | $282K | $107K | 100x | as long as short |
| KuCoin C98USDTMlong | +0.0100% | 8h | 0.01633 | long leg | $199K | $39K | 20x | |
| Bitget C98USDT | +0.0100% | 8h | 0.01629 | −0.245% | $191K | $353K | 50x | as long as short |
| Variational Omni C98 | +0.0100% | 8h | 0.01631 | −0.140% | $8K | $202 | — | as long as short |
Kraken Futures PF_C98USD
Binance C98USDT
Bybit C98USDT
Gate C98_USDT
MEXC C98_USDT
Bitget C98USDT
Variational Omni C98