DRIFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.13 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against KuCoin+0.565%7-day average +0.311% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,006as in the Funding arb table

Net, price: spread back to 7d avg − costs−$980as in the Price arb table

costs, in and out, $10k−$1,00510.053% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.800%−$80 · spread now +0.565%, 7d avg +0.311%

Together, before fees−0.804%−$80 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.254% dearer against KuCoin than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.311%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DRIFTUSDTM	0.01770	0.0100	pay 0.0050% / 4h	1h 06m	$708K	$137K	20x
Short	BloFin DRIFT-USDT	0.01780	0.0125	get 0.0063% / 4h	1h 06m	$160K	$19K	20x

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

Position, each leg$Hold fordaysFee KuCoinbpFee BloFinbpOrdersPrice spread, now +0.565%Rate

Funding earned: $5.32
Price spread: +0.565% → +0.311%: $25.4
Slippage, 4 orders: −$981.33
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$974.6
Costs to cover: 10.053%
Break-even: 1289.2 days

Slippage from KuCoin: live order book, 57 min ago; BloFin: live order book, 3 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, 57 min ago	11.18 bp	588.3 bp −$588	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	8.45 bp	39.4 bp −$39	133.5 bp −$1,335	doesn't fit	doesn't fit

DRIFT 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
Injective DRIFT/USDC PERP	+0.0033%	1h	0.01591	−10.113%	—	$9K	5.5x	as long as short
Binance DRIFTUSDT	+0.0100%	4h	0.01779	+0.537%	$2.5M	$6.5M	20x	as long as short
Bybit DRIFTUSDT	+0.0100%	4h	0.01775	+0.260%	$2.3M	$2.7M	20x	as long as short
Gate DRIFT_USDT	+0.0100%	4h	0.01772	+0.113%	$116K	$249K	10x	as long as short
MEXC DRIFT_USDT	+0.0100%	4h	0.01772	+0.113%	$417K	$169K	20x	as long as short
KuCoin DRIFTUSDTMlong	+0.0100%	4h	0.01770	long leg	$708K	$137K	20x
Bitget DRIFTUSDT	+0.0100%	4h	0.01776	+0.339%	$546K	$373K	10x	as long as short
BingX DRIFT-USDT	+0.0100%	4h	0.01775	+0.282%	—	$6.6M	—	as long as short
Variational Omni DRIFT	+0.0100%	4h	0.01773	+0.151%	$24K	$4K	—	as long as short
BloFin DRIFT-USDTshort	+0.0125%	4h	0.01780	+0.565%	$160K	$19K	20x