Funding you earn now, next payment 08:00 UTC+0.0382%/8h= +41.8% APRnext payment +$1.91 per $10,000 · paid last 24h +0.099%
Price spread now: BloFin against KuCoin+0.474%7-day average +0.169% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,581as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,571as in the Price arb table
costs, in and out, $10k−$1,60116.010% of the position
Funding, last 7 days+0.198%+$20 on $10k
+Price spread, last 4 days (all we have)−0.239%−$24 · spread now +0.474%, 7d avg +0.169%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BloFin is 0.305% dearer against KuCoin than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.169%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.198% in total (about 10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.91 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 HANAUSDTM | 0.01477 | 0.0100 | pay 0.0050% / 4h | 2h 11m | $607K | $783K | 10x |
| Short | BloFin HANA-USDT | 0.01484 | 0.0482 | get 0.0241% / 4h | 2h 11m | $334K | $5K | 10x |
KuCoin HANAUSDTM
BloFin HANA-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
- $80.12
- Price spread: +0.474% → +0.169%
- $30.53
- Slippage, 4 orders
- −$1,577.03
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$1,490.38
- Costs to cover
- 16.010%
- Break-even
- 137.2 days
Slippage from KuCoin: live order book, 28 min ago; BloFin: live order book, 14 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, 28 min ago | 6.86 bp | 745.4 bp −$745 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 14 min ago | 6.84 bp | 51.0 bp −$51 | 184.1 bp −$1,841 | doesn't fit | doesn't fit |
HANA on 8 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 HANAUSDT | +0.0100% | 4h | 0.01478 | +0.064% | $13K | $8K | 5x | as long as short |
| Bybit HANAUSDT | +0.0100% | 4h | 0.01482 | +0.339% | $897K | $549K | 25x | as long as short |
| KuCoin HANAUSDTMlong | +0.0100% | 4h | 0.01477 | long leg | $607K | $783K | 10x | |
| Gate HANA_USDT | +0.0186% | 8h | 0.01481 | +0.271% | $644K | $630K | 25x | as long as short |
| BingX HANA-USDT | +0.0398% | 4h | 0.01480 | +0.203% | — | $6.5M | — | as long as short |
| MEXC HANA_USDT | +0.0408% | 4h | 0.01481 | +0.271% | $70K | $91K | 100x | as long as short |
| Binance HANAUSDT | +0.0425% | 4h | 0.01478 | +0.071% | $5.2M | $2.7M | 10x | as long as short |
| BloFin HANA-USDTshort | +0.0482% | 4h | 0.01484 | +0.474% | $334K | $5K | 10x |
Aster HANAUSDT
Bybit HANAUSDT
Gate HANA_USDT
BingX HANA-USDT
MEXC HANA_USDT
Binance HANAUSDT