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

CLO

all CLO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.14 per $10,000 · paid last 24h −0.005%
Price spread now: KuCoin against BloFin−0.676%95s7-day average −0.213% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,260as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1,25912.586% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.017%−$2 on $10k
Price spread, last 4 days (all we have)+0.572%+$57 · spread now −0.676%, 7d avg −0.213%
Together, before fees+0.555%+$56 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.463% cheaper against BloFin than usual: you would sell low and buy high (spread −0.676% now, against its 7-day average of −0.213%). If the spread goes back, that is −$46 on $10k: about 56 days of funding at the current rate (+$1 a day). The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin CLO-USDT0.063620.0073pay 0.0036% / 4h2h 11m$237K$77K10x
ShortKuCoin CLOUSDTM0.063190.0100get 0.0050% / 4h2h 11m$995K$11.5M10x

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

Funding earned
$5.75
Price spread: −0.676% → −0.213%
−$46.31
Slippage, 4 orders
−$1,234.58
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,299.14
Costs to cover
12.586%
Break-even
1588.1 days
Slippage from BloFin: live order book, 5 min ago; KuCoin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago3.14 bp34.2 bp −$34doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago10.27 bp426.3 bp −$426doesn't fitdoesn't fitdoesn't fit

CLO 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
BloFin CLO-USDTlong+0.0073%4h0.06362long leg$237K$77K10x
Binance CLOUSDT+0.0100%4h0.06339−0.362%$3.9M$3.8M10xas long as short
Bybit CLOUSDT+0.0100%4h0.06345−0.267%$700K$627K20xas long as short
MEXC CLO_USDT+0.0100%4h0.06340−0.346%$536K$131K50xas long as short
KuCoin CLOUSDTMshort+0.0100%4h0.06319−0.676%$995K$11.5M10x
BingX CLO-USDT+0.0100%4h0.06348−0.220%$1.4Mas long as short
SunX CLO-USDT+0.0100%4h0.06355−0.110%$2K$1.3M20xas long as short
Gate CLO_USDT+0.0555%8h0.06364+0.031%$434K$676K20xas long as short
Aster CLOUSDT+0.0775%4h0.06356−0.101%$30K$50K5xas long as short