Funding you earn now, next payment 00:00 UTC−0.0495%/8h= −54.2% APRnext payment −$2.47 per $10,000 · paid last 24h −0.101%
Price spread now: BloFin against KuCoin−0.356%95s7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$344as 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−$3293.291% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 3 days (all we have)+0.223%+$22 · spread now −0.356%, 7d avg −0.125%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and BloFin is 0.231% cheaper against KuCoin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.125%). Swap the legs. 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 -0.151% in total (about -7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.47 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 EULUSDTM | 1.4343 | 0.0598 | pay 0.0299% / 4h | 49m 42s | $309K | $57K | 25x |
| Short | BloFin EUL-USDT | 1.4292 | 0.0103 | get 0.0052% / 4h | 49m 42s | $302K | $7K | 25x |
KuCoin EULUSDTM
BloFin EUL-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
- −$103.94
- Price spread: −0.356% → −0.125%
- −$23.08
- Slippage, 4 orders
- −$305.06
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$456.08
- Costs to cover
- 3.291%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 11 min ago; BloFin: live order book, 22 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, 11 min ago | 7.69 bp | 207.6 bp −$208 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 22 min ago | 1.40 bp | 24.4 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
EUL on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster EULUSDT | +0.0100% | 4h | 1.4330 | −0.091% | $36K | $9K | 5x | as long as short |
| Binance EULUSDT | +0.0100% | 4h | 1.4307 | −0.251% | $3.2M | $4.6M | 25x | as long as short |
| Bybit EULUSDT | +0.0100% | 4h | 1.4306 | −0.258% | $1.6M | $1.4M | 25x | as long as short |
| Gate EUL_USDT | +0.0100% | 4h | 1.4321 | −0.153% | $312K | $708K | 25x | as long as short |
| MEXC EUL_USDT | +0.0100% | 4h | 1.4308 | −0.244% | $503K | $124K | 20x | as long as short |
| Bitget EULUSDT | +0.0100% | 4h | 1.4340 | −0.021% | $2.2M | $266K | 25x | as long as short |
| BingX EUL-USDT | +0.0100% | 4h | 1.4314 | −0.202% | — | $6.5M | — | as long as short |
| Variational Omni EUL | +0.0100% | 4h | 1.4292 | −0.358% | $12K | $1K | — | as long as short |
| BloFin EUL-USDTshort | +0.0103% | 4h | 1.4292 | −0.356% | $302K | $7K | 25x | |
| edgeX EULUSDC | +0.0112% | 4h | 1.4290 | −0.368% | $25K | $263K | 10x | as long as short |
Aster EULUSDT
Binance EULUSDT
Bybit EULUSDT
Gate EUL_USDT
MEXC EUL_USDT
Bitget EULUSDT
BingX EUL-USDT
Variational Omni EUL
edgeX EULUSDCShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX EUL-USDT | +0.0555% | 4h | 1.4338 | −0.035% | $131K | $43K | 10x | as long as short |
| KuCoin EULUSDTMlong | +0.0598% | 4h | 1.4343 | long leg | $309K | $57K | 25x |
HTX EUL-USDT