Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against KuCoin−0.032%80s7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$229as 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−$2022.015% of the position
Funding, last 7 days−0.274%−$27 on $10k
+Price spread, last 4 days (all we have)+0.247%+$25 · spread now −0.032%, 7d avg −0.068%
=The price spread pays, funding is against you. BloFin is 0.036% dearer against KuCoin than usual: you sell high and buy low (spread −0.032% now, against its 7-day average of −0.068%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.1 days. At the pace of the last 7 days (−0.274% in total) that is about 22 hours. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ESPUSDTM | 0.09390 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $1.5M | $45K | 25x |
| Short | BloFin ESP-USDT | 0.09387 | 0.0070 | get 0.0035% / 4h | 3h 55m | $124K | $33K | 25x |
KuCoin ESPUSDTM
BloFin ESP-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
- −$6.28
- Price spread: −0.032% → −0.068%
- $3.64
- Slippage, 4 orders
- −$177.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$204.14
- Costs to cover
- 2.015%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 10 min ago; BloFin: live order book, 33 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, 10 min ago | 11.72 bp | 82.4 bp −$82 | 793.0 bp −$7,930 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 33 min ago | 1.07 bp | 18.9 bp −$19 | 47.5 bp −$475 | doesn't fit | doesn't fit |
ESP on 11 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 ESP-USDT | +0.0036% | 4h | 0.09383 | −0.075% | — | $1.7M | — | as long as short |
| BloFin ESP-USDTshort | +0.0070% | 4h | 0.09387 | −0.032% | $124K | $33K | 25x | |
| Aster ESPUSDT | +0.0100% | 4h | 0.09389 | −0.016% | $6K | $18K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09392 | +0.021% | $2.4M | $4.1M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09400 | +0.106% | $595K | $1.1M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09394 | +0.043% | $175K | $588K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09388 | −0.021% | $1.3M | $120K | 20x | as long as short |
| KuCoin ESPUSDTMlong | +0.0100% | 4h | 0.09390 | long leg | $1.5M | $45K | 25x | |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09394 | +0.040% | $943K | $137K | 20x | as long as short |
| Bybit ESPUSDT | +0.0101% | 4h | 0.09381 | −0.096% | $1.1M | $612K | 50x | as long as short |
BingX ESP-USDT
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
MEXC ESP_USDT
Bitget ESPUSDT
Bybit ESPUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX ESPUSDC | +0.0102% | 4h | 0.09386 | −0.047% | $29K | $266K | 10x | as long as short |
edgeX ESPUSDC