INIT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.003%

Price spread now: BloFin against KuCoin−0.109%65s7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,167as 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−$1,16811.675% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.109%, 7d avg +0.059%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.168% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of +0.059%). If the spread goes back, that is −$17 on $10k: about 16 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.006% in total) that is about 6 months. 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 INITUSDTM	0.08279	0.0100	pay 0.0050% / 4h	52m 00s	$325K	$57K	25x
Short	BloFin INIT-USDT	0.08270	0.0136	get 0.0068% / 4h	52m 00s	$152K	$112K	25x

Funding 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 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 KuCoinbpFee BloFinbpOrdersPrice spread, now −0.109%Rate

Funding earned: $7.49
Price spread: −0.109% → +0.059%: −$16.76
Slippage, 4 orders: −$1,143.53
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1,176.81
Costs to cover: 11.675%
Break-even: 1107.1 days

Slippage from KuCoin: live order book, 30 min ago; BloFin: live order book, 45 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, 30 min ago	37.78 bp	708.8 bp −$709	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 45 min ago	3.62 bp	35.8 bp −$36	75.9 bp −$759	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
Kraken Futures PF_INITUSD	−0.5674%	1h	0.08222	−0.683%	$3K	$19K	10x	as long as short
Hyperliquid INIT	+0.0100%	1h	0.08261	−0.217%	$305K	$229K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08282	+0.035%	$27K	$39K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08263	−0.189%	$3.4M	$3.7M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08259	−0.242%	$1.4M	$1.5M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08272	−0.085%	$137K	$661K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08266	−0.157%	$84K	$56K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08265	−0.169%	$448K	$209K	20x	as long as short
KuCoin INITUSDTMlong	+0.0100%	4h	0.08279	long leg	$325K	$57K	25x
Bitget INITUSDT	+0.0100%	4h	0.08275	−0.048%	$430K	$308K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX INIT-USDT	+0.0100%	4h	0.08282	+0.036%	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	0.08276	−0.035%	$26K	$23K	—	as long as short
BloFin INIT-USDTshort	+0.0136%	4h	0.08270	−0.109%	$152K	$112K	25x