FORM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.43 per $10,000 · paid last 24h +0.001%

Price spread now: BloFin against KuCoin+0.085%80s7-day average +0.127% · you sell dearer than you buy

Net, funding: paid 7d − costs−$462as 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−$4634.626% 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)+0.591%+$59 · spread now +0.085%, 7d avg +0.127%

Together, before fees+0.595%+$59 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.042% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.127%). Swap the legs. 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 FORMUSDTM	0.3532	0.0140	pay 0.0070% / 4h	1h 33m	$415K	$1.1M	30x
Short	BloFin FORM-USDT	0.3535	0.0054	get 0.0027% / 4h	1h 33m	$1.0M	$378K	50x

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 +0.085%Rate

Funding earned: −$17.98
Price spread: +0.085% → +0.127%: −$4.19
Slippage, 4 orders: −$438.62
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$484.78
Costs to cover: 4.626%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; BloFin: live order book, 8 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, 1 min ago	24.00 bp	218.0 bp −$218	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	9.91 bp	24.5 bp −$24	74.5 bp −$745	248.6 bp −$24.9K	doesn't fit

FORM 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
gTrade (Gains Network) FORM/USD	L −0.0007% / S +0.0008%	1h	0.3523	−0.262%	—	—	—	as long as short
BloFin FORM-USDTshort	+0.0054%	4h	0.3535	+0.085%	$1.0M	$378K	50x
Aster FORMUSDT	+0.0100%	4h	0.3525	−0.198%	$45K	$796K	5x	as long as short
Binance FORMUSDT	+0.0100%	4h	0.3521	−0.315%	$18.8M	$154.7M	50x	as long as short
Gate FORM_USDT	+0.0100%	4h	0.3524	−0.227%	$771K	$4.5M	50x	as long as short
MEXC FORM_USDT	+0.0100%	4h	0.3521	−0.311%	$1.9M	$9.0M	100x	as long as short
Bitget FORMUSDT	+0.0100%	4h	0.3521	−0.311%	$1.2M	$9.1M	50x	as long as short
KuCoin FORMUSDTMlong	+0.0140%	4h	0.3532	long leg	$415K	$1.1M	30x
Bybit FORMUSDT	+0.0348%	4h	0.3516	−0.445%	$2.3M	$12.7M	20x	as long as short
BingX FORM-USDT	+0.0382%	4h	0.3519	−0.368%	—	$3.7M	—	as long as short