INIT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0053%/8h= −5.9% APRnext payment −$0.27 per $10,000 · paid last 24h −0.002%

Price spread now: KuCoin against BloFin−0.024%110s7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,009as 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−$1,00810.082% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 3 days (all we have)−0.002%$0 · spread now −0.024%, 7d avg −0.056%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.032% dearer against BloFin than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.056%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 7 days (−0.008% in total) that is about 27 days. The two prices were read 110 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	BloFin INIT-USDT	0.08250	0.0153	pay 0.0077% / 4h	5m 31s	$153K	$111K	25x
Short	KuCoin INITUSDTM	0.08248	0.0100	get 0.0050% / 4h	5m 31s	$328K	$55K	25x

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 −0.024%Rate

Funding earned: −$11.22
Price spread: −0.024% → −0.056%: $3.23
Slippage, 4 orders: −$984.22
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,016.22
Costs to cover: 10.082%
Break-even: never at this rate

Slippage from BloFin: live order book, 56 min ago; KuCoin: live order book, 56 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, 56 min ago	3.66 bp	22.3 bp −$22	57.7 bp −$577	doesn't fit	doesn't fit
Sell KuCoin live order book, 56 min ago	19.57 bp	378.2 bp −$378	doesn't fit	doesn't fit	doesn't fit

INIT on 13 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
Hyperliquid INIT	+0.0100%	1h	0.08257	+0.090%	$300K	$233K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08255	+0.057%	$27K	$37K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08264	+0.170%	$3.4M	$3.6M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08256	+0.073%	$1.4M	$1.4M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08264	+0.170%	$134K	$640K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08249	−0.012%	$84K	$56K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08264	+0.170%	$449K	$220K	20x	as long as short
KuCoin INITUSDTMshort	+0.0100%	4h	0.08248	−0.024%	$328K	$55K	25x
Bitget INITUSDT	+0.0100%	4h	0.08255	+0.061%	$431K	$311K	25x	as long as short
BingX INIT-USDT	+0.0100%	4h	0.08260	+0.121%	—	$6.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni INIT	+0.0100%	4h	0.08250	+0.005%	$26K	$23K	—	as long as short
BloFin INIT-USDTlong	+0.0153%	4h	0.08250	long leg	$153K	$111K	25x
Kraken Futures PF_INITUSD	+0.0493%	1h	0.08257	+0.079%	$5K	$17K	10x	as long as short