CLANKER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0244%/8h= −26.7% APRnext payment −$1.22 per $10,000 · paid last 24h −0.061%

Price spread now: KuCoin against BloFin+0.372%155s7-day average −0.213% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,540as 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−$1,52815.282% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 3 days (all we have)−0.642%−$64 · spread now +0.372%, 7d avg −0.213%

Together, before fees−0.765%−$76 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.584% dearer against BloFin than usual: you sell high and buy low (spread +0.372% now, against its 7-day average of −0.213%): +$58 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8.0 days. At the pace of the last 7 days (−0.123% in total) that is about 33 days. The two prices were read 155 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.22 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	BloFin CLANKER-USDT	13.450	0.0344	pay 0.0172% / 4h	2h 46m	$120K	$24K	25x
Short	KuCoin CLANKERUSDTM	13.500	0.0100	get 0.0050% / 4h	2h 46m	$369K	$168K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee KuCoinbpOrdersPrice spread, now +0.372%Rate

Funding earned: −$51.21
Price spread: +0.372% → −0.213%: $58.44
Slippage, 4 orders: −$1,504.18
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,520.95
Costs to cover: 15.282%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; KuCoin: live order book, 65 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 BloFin live order book, 4 min ago	3.70 bp	22.1 bp −$22	148.4 bp −$1,484	doesn't fit	doesn't fit
Sell KuCoin live order book, 65 min ago	48.13 bp	489.9 bp −$490	doesn't fit	doesn't fit	doesn't fit

CLANKER on 10 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 CLANKER-USDT	+0.0070%	4h	13.520	+0.520%	—	$6.7M	—	as long as short
Bybit CLANKERUSDT	+0.0100%	4h	13.534	+0.625%	$603K	$1.2M	20x	as long as short
Gate CLANKER_USDT	+0.0100%	4h	13.460	+0.074%	$118K	$167K	25x	as long as short
KuCoin CLANKERUSDTMshort	+0.0100%	4h	13.500	+0.372%	$369K	$168K	25x
Bitget CLANKERUSDT	+0.0100%	4h	13.470	+0.149%	$613K	$559K	20x	as long as short
Variational Omni CLANKER	+0.0131%	4h	13.462	+0.092%	$26K	$35K	—	as long as short
BloFin CLANKER-USDTlong	+0.0344%	4h	13.450	long leg	$120K	$24K	25x
Binance CLANKERUSDT	+0.0404%	4h	13.532	+0.607%	$1.8M	$6.0M	25x	as long as short
MEXC CLANKER_USDT	+0.0410%	4h	13.520	+0.520%	$390K	$296K	50x	as long as short
Aster CLANKERUSDT	+0.1062%	4h	13.539	+0.664%	$15K	$34K	5x	as long as short