Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +11.0% APRnext payment +$0.50 per $10,000 · paid last 24h +0.054%
Price spread now: BloFin against KuCoin+0.072%80s7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as 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−$1281.280% of the position
Funding, last 7 days+0.457%+$46 on $10k
+Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.072%, 7d avg −0.038%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.110% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.038%. 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 ETHFIUSDTM | 0.6970 | 0.0100 | pay 0.0050% / 4h | 3h 51m | $1.2M | $214K | 50x |
| Short | BloFin ETHFI-USDT | 0.6975 | 0.0200 | get 0.0100% / 4h | 3h 51m | $1.2M | $232K | 75x |
KuCoin ETHFIUSDTM
BloFin ETHFI-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
- $21.01
- Price spread: +0.072% → −0.038%
- $10.96
- Slippage, 4 orders
- −$103.99
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$96.02
- Costs to cover
- 1.280%
- Break-even
- 39.0 days
Slippage from KuCoin: live order book, 3 min ago; BloFin: live order book, 5 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, 3 min ago | 7.90 bp | 56.4 bp −$56 | 173.5 bp −$1,735 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 0.72 bp | 11.1 bp −$11 | 25.0 bp −$250 | 79.6 bp −$7,962 | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0467% | 1h | 0.6967 | −0.043% | $41K | $12K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0419% | 4h | 0.6965 | −0.072% | $17.1M | $12.9M | 25x | as long as short |
| HTX ETHFI-USDT | −0.0332% | 4h | 0.6963 | −0.100% | $83K | $149K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0284% | 4h | 0.6969 | −0.014% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0269% | 4h | 0.6948 | −0.311% | $915K | $785K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0124% | 8h | 0.6963 | −0.097% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | 0.0000% | 1h | 0.6960 | −0.148% | $95K | $505K | 10x | as long as short |
| MEXC ETHFI_USDT | 0.0000% | 4h | 0.6963 | −0.100% | $15.9M | $4.1M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0001% | 4h | 0.6963 | −0.100% | $24.3M | $36.0M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.874% | $321 | $51K | 5.5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Bybit ETHFIUSDT
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6962 | −0.114% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6975 | +0.072% | $1.1M | $825K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6971 | +0.016% | $16.7M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6973 | +0.045% | $178K | $223K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6970 | 0.000% | $5.1M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6971 | +0.014% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTMlong | +0.0100% | 4h | 0.6970 | long leg | $1.2M | $214K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6966 | −0.057% | $6.1M | $4.7M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6966 | −0.057% | — | $10.7M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6980 | +0.143% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6985 | +0.215% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDTshort | +0.0200% | 4h | 0.6975 | +0.072% | $1.2M | $232K | 75x | |
| Coinbase International ETHFI-PERP-INTX | +0.0336% | 1h | 0.6990 | +0.287% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0865% | 1h | 0.6982 | +0.165% | $291K | $283K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD