Funding you earn now, next payment 00:00 UTC−0.0355%/8h= −38.9% APRnext payment −$1.78 per $10,000 · paid last 24h −0.059%
Price spread now: KuCoin against BloFin−0.101%110s7-day average −0.181% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,282as 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−$1,27912.787% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 3 days (all we have)−0.158%−$16 · spread now −0.101%, 7d avg −0.181%
=The price spread pays, funding is against you. KuCoin is 0.080% dearer against BloFin than usual: you sell high and buy low (spread −0.101% now, against its 7-day average of −0.181%): +$8 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.037% in total) that is about 15 days. The two prices were read 110 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 -0.037% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.78 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 GWEI-USDT | 0.02281 | 0.0455 | pay 0.0228% / 4h | 1h 19m | $171K | $28K | 50x |
| Short | KuCoin GWEIUSDTM | 0.02279 | 0.0100 | get 0.0050% / 4h | 1h 19m | $451K | $17K | 20x |
BloFin GWEI-USDT
KuCoin GWEIUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$74.59
- Price spread: −0.101% → −0.181%
- $7.97
- Slippage, 4 orders
- −$1,254.74
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,345.36
- Costs to cover
- 12.787%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 55 min ago; KuCoin: live order book, 53 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, 55 min ago | 6.57 bp | 28.6 bp −$29 | 139.1 bp −$1,391 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 53 min ago | 52.16 bp | 402.3 bp −$402 | doesn't fit | doesn't fit | doesn't fit |
GWEI 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GWEIUSDTMshort | +0.0100% | 4h | 0.02279 | −0.101% | $451K | $17K | 20x | |
| Variational Omni GWEI | +0.0100% | 4h | 0.02284 | +0.119% | $4K | $55 | — | as long as short |
| Bybit GWEIUSDT | +0.0389% | 4h | 0.02283 | +0.088% | $370K | $115K | 25x | as long as short |
| Binance GWEIUSDT | +0.0449% | 4h | 0.02281 | +0.009% | $2.3M | $2.6M | 50x | as long as short |
| BloFin GWEI-USDTlong | +0.0455% | 4h | 0.02281 | long leg | $171K | $28K | 50x | |
| MEXC GWEI_USDT | +0.0460% | 4h | 0.02281 | 0.000% | $103K | $87K | 20x | as long as short |
| Extended GWEI-USD | +0.0464% | 1h | 0.02280 | −0.063% | $4K | $142K | 5x | as long as short |
| BingX GWEI-USDT | +0.0606% | 4h | 0.02281 | 0.000% | — | $1.6M | — | as long as short |
| Gate GWEI_USDT | +0.0620% | 4h | 0.02279 | −0.105% | $376K | $392K | 10x | as long as short |
| Bitget GWEIUSDT | +0.0644% | 4h | 0.02279 | −0.088% | $1.9M | $209K | 20x | as long as short |
Variational Omni GWEI
Bybit GWEIUSDT
Binance GWEIUSDT
MEXC GWEI_USDT
Extended GWEI-USD
BingX GWEI-USDT
Gate GWEI_USDT
Bitget GWEIUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1491% | 4h | 0.02276 | −0.217% | $16K | $15K | 10x | as long as short |
Aster GWEIUSDT