Funding you earn now, next payment 04:00 UTC+0.0541%/8h= +59.2% APRnext payment +$2.70 per $10,000 · paid last 24h +0.121%
Price spread now: BloFin against KuCoin+0.217%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1281.281% of the position
Funding, last 7 days−0.363%−$36 on $10k
+Price spread, last 4 days (all we have)+0.576%+$58 · spread now +0.217%, 7d avg −0.007%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and BloFin is 0.224% dearer against KuCoin than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.007%. Mind the row above: over the last 7 days funding on this pair cost −0.363%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.363% in total (about -18.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.70 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CAPUSDTM | 0.04612 | −0.0476 | get 0.0238% / 4h | 1h 13m | $4.4M | $1.4M | 10x |
| Short | BloFin CAP-USDT | 0.04622 | 0.0065 | get 0.0032% / 4h | 1h 13m | $373K | $60K | 10x |
KuCoin CAPUSDTM
BloFin CAP-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
- $113.57
- Price spread: +0.217% → −0.007%
- $22.4
- Slippage, 4 orders
- −$104.13
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $7.85
- Costs to cover
- 1.281%
- Break-even
- 6.5 days
Slippage from KuCoin: live order book, 4 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, 4 min ago | 2.16 bp | 43.6 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 27 min ago | 1.07 bp | 18.3 bp −$18 | 47.3 bp −$473 | doesn't fit | doesn't fit |
CAP on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAPUSDTMlong | −0.0476% | 4h | 0.04612 | long leg | $4.4M | $1.4M | 10x | |
| gTrade (Gains Network) CAP/USD | L 0.0000% / S 0.0000% | 1h | 0.04616 | +0.076% | — | — | 150x | as long as short |
| BloFin CAP-USDTshort | +0.0065% | 4h | 0.04622 | +0.217% | $373K | $60K | 10x | |
| Lighter CAP | +0.0096% | 1h | 0.04619 | +0.152% | $19K | $2K | 3x | as long as short |
| Aster CAPUSDT | +0.0100% | 4h | 0.04621 | +0.190% | $26K | $66K | 5x | as long as short |
| Binance CAPUSDT | +0.0100% | 4h | 0.04618 | +0.138% | $8.9M | $9.0M | 10x | as long as short |
| Bybit CAPUSDT | +0.0100% | 4h | 0.04616 | +0.087% | $4.5M | $4.2M | 10x | as long as short |
| OKX CAP-USDT-SWAP | +0.0100% | 4h | 0.04619 | +0.152% | $2.1M | $7.3M | 10x | as long as short |
| Gate CAP_USDT | +0.0100% | 4h | 0.04621 | +0.195% | $325K | $1.2M | 20x | as long as short |
| MEXC CAP_USDT | +0.0100% | 4h | 0.04618 | +0.130% | $547K | $234K | 20x | as long as short |
gTrade (Gains Network) CAP/USD
Lighter CAP
Aster CAPUSDT
Binance CAPUSDT
Bybit CAPUSDT
OKX CAP-USDT-SWAP
Gate CAP_USDT
MEXC CAP_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAPUSDT | +0.0100% | 4h | 0.04618 | +0.130% | $1.0M | $595K | 10x | as long as short |
| BingX CAP-USDT | +0.0100% | 4h | 0.04617 | +0.108% | — | $1.6M | — | as long as short |
| Variational Omni CAP | +0.0100% | 4h | 0.04635 | +0.490% | $8K | $8K | — | as long as short |
| Orderly PERP_CAP_USDC_mythos | +0.0100% | 4h | 0.04621 | +0.202% | $4K | $1K | 10x | as long as short |
Bitget CAPUSDT
BingX CAP-USDT
Variational Omni CAP
Orderly PERP_CAP_USDC_mythos