GOAT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0201%/8h= −22.0% APRnext payment −$1.01 per $10,000 · paid last 24h −0.069%

Price spread now: KuCoin against BloFin−0.212%95s7-day average −0.184% · you buy dearer than you sell

Net, funding: paid 7d − costs−$830as 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−$8238.231% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.212%, 7d avg −0.184%

Together, before fees−0.152%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.028% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.184%). 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 -0.070% in total (about -3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.01 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	BloFin GOAT-USDT	0.01883	0.0301	pay 0.0151% / 4h	2h 11m	$120K	$11K	25x
Short	KuCoin GOATUSDTM	0.01879	0.0100	get 0.0050% / 4h	2h 11m	$365K	$129K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now −0.212%Rate

Funding earned: −$42.21
Price spread: −0.212% → −0.184%: −$2.8
Slippage, 4 orders: −$799.05
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$868.07
Costs to cover: 8.231%
Break-even: never at this rate

Slippage from BloFin: live order book, 67 min ago; KuCoin: live order book, 46 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 BloFin live order book, 67 min ago	2.61 bp	18.6 bp −$19	218.2 bp −$2,182	doesn't fit	doesn't fit
Sell KuCoin live order book, 46 min ago	28.97 bp	411.0 bp −$411	doesn't fit	doesn't fit	doesn't fit

GOAT 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
Bybit GOATUSDT	+0.0100%	4h	0.01881	−0.085%	$2.1M	$1.3M	25x	as long as short
Gate GOAT_USDT	+0.0100%	4h	0.01879	−0.196%	$277K	$209K	25x	as long as short
KuCoin GOATUSDTMshort	+0.0100%	4h	0.01879	−0.212%	$365K	$129K	30x
Variational Omni GOAT	+0.0100%	4h	0.01877	−0.335%	$97K	$109K	—	as long as short
Hyperliquid GOAT	+0.0101%	1h	0.01886	+0.186%	$1.2M	$488K	3x	as long as short
BloFin GOAT-USDTlong	+0.0301%	4h	0.01883	long leg	$120K	$11K	25x
Binance GOATUSDT	+0.0347%	4h	0.01887	+0.196%	$1.9M	$3.0M	25x	as long as short
MEXC GOAT_USDT	+0.0348%	4h	0.01888	+0.266%	$437K	$163K	200x	as long as short
BingX GOAT-USDT	+0.0348%	4h	0.01886	+0.159%	—	$6.6M	—	as long as short
Orderly PERP_GOAT_USDC	+0.1659%	4h	0.01886	+0.159%	$3K	$2K	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_GOATUSD	+0.3330%	1h	0.01886	+0.165%	$30K	$4K	10x	as long as short