Funding you earn now, next payment 00:00 UTC+0.0338%/8h= +37.0% APRnext payment +$1.69 per $10,000 · paid last 24h +0.050%
Price spread now: BloFin against KuCoin−0.315%95s7-day average +0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$337as 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−$3563.564% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 3 days (all we have)+0.515%+$52 · spread now −0.315%, 7d avg +0.081%
=Funding pays, the price is against you. BloFin is 0.396% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.315% now, against its 7-day average of +0.081%). If the spread goes back, that is −$40 on $10k: about 3.9 days of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.193% in total) that is about 14 days. The two prices were read 95 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 0.193% in total (about 10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.69 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 EDGEUSDTM | 0.6023 | 0.0252 | pay 0.0126% / 4h | 49m 36s | $2.1M | $2.2M | 50x |
| Short | BloFin EDGE-USDT | 0.6004 | 0.0590 | get 0.0295% / 4h | 49m 36s | $639K | $128K | 50x |
KuCoin EDGEUSDTM
BloFin EDGE-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
- $71.01
- Price spread: −0.315% → +0.081%
- −$39.65
- Slippage, 4 orders
- −$332.41
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$325.04
- Costs to cover
- 3.564%
- Break-even
- 39.0 days
Slippage from KuCoin: live order book, 7 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, 7 min ago | 4.19 bp | 206.0 bp −$206 | 953.5 bp −$9,535 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 27 min ago | 5.97 bp | 24.2 bp −$24 | 88.4 bp −$884 | doesn't fit | doesn't fit |
EDGE on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDGE | +0.0096% | 1h | 0.6006 | −0.286% | $56K | $8K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.6016 | −0.116% | $7.1M | $3.3M | 25x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.6020 | −0.050% | $4.8M | $999K | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.6012 | −0.183% | $58K | $100K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5988 | −0.585% | $194K | $131K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.6002 | −0.346% | $12K | $1.8M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.6015 | −0.133% | $8K | $289K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.6284 | +4.333% | $4K | $610K | 10x | as long as short |
| KuCoin EDGEUSDTMlong | +0.0252% | 4h | 0.6023 | long leg | $2.1M | $2.2M | 50x | |
| BloFin EDGE-USDTshort | +0.0590% | 4h | 0.6004 | −0.315% | $639K | $128K | 50x |
Lighter EDGE
Bybit EDGEUSDT
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended EDGE-USD | +0.0632% | 1h | 0.6020 | −0.043% | $27K | $230K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0634% | 4h | 0.6023 | 0.000% | $1.2M | $914K | 50x | as long as short |
| Binance EDGEUSDT | +0.0646% | 4h | 0.6024 | +0.017% | $10.2M | $10.1M | 50x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0652% | 4h | 0.6011 | −0.199% | $3K | — | 10x | as long as short |
| Aster EDGEUSDT | +0.0663% | 4h | 0.6013 | −0.161% | $69K | $136K | 5x | as long as short |
| edgeX EDGEUSDC | +0.0768% | 4h | 0.6010 | −0.215% | $14.4M | $3.5M | 30x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0803% | 4h | 0.6028 | +0.083% | $3.7M | $5.9M | 20x | as long as short |
Extended EDGE-USD
MEXC EDGE_USDT
Binance EDGEUSDT
Orderly PERP_EDGE_USDC
Aster EDGEUSDT
edgeX EDGEUSDC
OKX EDGE-USDT-SWAP