Funding you earn now, next payment 12:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against KuCoin−0.053%65s7-day average +0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,071as 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−$1,07110.713% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.053%, 7d avg +0.063%
=Funding pays, the price is against you. BloFin is 0.116% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.063%). If the spread goes back, that is −$12 on $10k: about 37 days of funding at the current rate ($0 a day). The two prices were read 65 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 IDUSDTM | 0.03761 | 0.0100 | pay 0.0050% / 4h | 10m 07s | $1.0M | $75K | 30x |
| Short | BloFin ID-USDT | 0.03759 | 0.0110 | get 0.0055% / 4h | 10m 07s | $157K | $17K | 50x |
KuCoin IDUSDTM
BloFin ID-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
- $2.19
- Price spread: −0.053% → +0.063%
- −$11.64
- Slippage, 4 orders
- −$1,047.29
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$1,080.74
- Costs to cover
- 10.713%
- Break-even
- 3457.5 days
Slippage from KuCoin: live order book, 7 min ago; BloFin: live order book, 15 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, 7 min ago | 9.31 bp | 681.3 bp −$681 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 15 min ago | 8.01 bp | 17.8 bp −$18 | 36.1 bp −$361 | doesn't fit | doesn't fit |
ID on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IDUSD | +0.0065% | 1h | 0.03760 | −0.032% | $4K | $3K | 10x | as long as short |
| Aster IDUSDT | +0.0100% | 4h | 0.03759 | −0.056% | $9K | $2K | 5x | as long as short |
| Binance IDUSDT | +0.0100% | 4h | 0.03761 | −0.005% | $2.5M | $3.9M | 50x | as long as short |
| Bybit IDUSDT | +0.0100% | 8h | 0.03760 | −0.027% | $1.3M | $1.2M | 25x | as long as short |
| Gate ID_USDT | +0.0100% | 4h | 0.03755 | −0.160% | $253K | $189K | 25x | as long as short |
| MEXC ID_USDT | +0.0100% | 4h | 0.03759 | −0.053% | $441K | $247K | 20x | as long as short |
| KuCoin IDUSDTMlong | +0.0100% | 4h | 0.03761 | long leg | $1.0M | $75K | 30x | |
| Bitget IDUSDT | +0.0100% | 4h | 0.03762 | +0.027% | $1.0M | $926K | 50x | as long as short |
| BingX ID-USDT | +0.0100% | 4h | 0.03761 | 0.000% | — | $2.3M | — | as long as short |
| Variational Omni ID | +0.0100% | 8h | 0.03754 | −0.174% | $12K | $94 | — | as long as short |
Kraken Futures PF_IDUSD
Aster IDUSDT
Binance IDUSDT
Bybit IDUSDT
Gate ID_USDT
MEXC ID_USDT
Bitget IDUSDT
BingX ID-USDT
Variational Omni IDShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ID-USDTshort | +0.0110% | 4h | 0.03759 | −0.053% | $157K | $17K | 50x |