Settings8H · net · $10k
Funding arb · Price arb /

HOT

all HOT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0069%/8h= −7.6% APRnext payment $0.69 per $10,000 · paid last 24h −0.001%
Price spread now: KuCoin against BloFin+0.262%95s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.018%−$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. KuCoin is 0.262% dearer against BloFin than usual: you sell high and buy low (spread +0.262% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 7 days (−0.018% in total) that is about 3 months. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin HOT-USDT0.00041960.0169pay 0.0169% / 8h7h 01m$148K$50K50x
ShortKuCoin HOTUSDTM0.00042070.0100get 0.0100% / 8h7h 01m$88K$46K30x

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

Funding earned
−$14.51
Price spread: +0.262% → 0.000%
$26.22
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$12.29
Costs to cover
0.240%
Break-even
from the start
Slippage unknown: BloFin: live order book, 55 min ago; KuCoin: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 55 min ago2.40 bp25.4 bp −$2579.5 bp −$795doesn't fitdoesn't fit
Sell KuCoin no order-book sample
KuCoin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HOT on 5 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin HOTUSDTMshort+0.0100%8h0.0004207+0.262%$88K$46K30x
Bitget HOTUSDT+0.0100%8h0.0004197+0.024%$310K$194K25xas long as short
Binance HOTUSDT+0.0167%8h0.0004199+0.076%$1.6M$2.5M50xas long as short
MEXC HOT_USDT+0.0168%8h0.0004198+0.048%$413K$155K50xas long as short
BloFin HOT-USDTlong+0.0169%8h0.0004196long leg$148K$50K50x