Funding you earn now, next payment 16:00 UTC−0.0016%/8h= −1.7% APRnext payment −$0.16 per $10,000 · paid last 24h +0.006%
Price spread now: BloFin against KuCoin−0.405%95s7-day average −0.210% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,068as 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−$1,06910.687% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)+0.606%+$61 · spread now −0.405%, 7d avg −0.210%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.195% cheaper against KuCoin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.210%). Swap the legs. The two prices were read 95 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 IOTXUSDTM | 0.003704 | 0.0100 | pay 0.0100% / 8h | 5h 29m | $731K | $59K | 30x |
| Short | BloFin IOTX-USDT | 0.003689 | 0.0084 | get 0.0084% / 8h | 5h 29m | $206K | $15K | 50x |
KuCoin IOTXUSDTM
BloFin IOTX-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
- −$3.26
- Price spread: −0.405% → −0.210%
- −$19.49
- Slippage, 4 orders
- −$1,044.73
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$1,091.49
- Costs to cover
- 10.687%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; BloFin: live order book, 9 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 | 17.54 bp | 350.3 bp −$350 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 4.05 bp | 29.2 bp −$29 | 82.5 bp −$825 | doesn't fit | doesn't fit |
IOTX 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin IOTX-USDTshort | +0.0084% | 8h | 0.003689 | −0.405% | $206K | $15K | 50x | |
| Aster IOTXUSDT | +0.0100% | 1h | 0.003699 | −0.135% | $12K | $16K | 5x | as long as short |
| Binance IOTXUSDT | +0.0100% | 8h | 0.003698 | −0.162% | $2.1M | $5.5M | 50x | as long as short |
| Bybit IOTXUSDT | +0.0100% | 8h | 0.003701 | −0.081% | $383K | $591K | 25x | as long as short |
| Gate IOTX_USDT | +0.0100% | 8h | 0.003691 | −0.351% | $142K | $124K | 50x | as long as short |
| MEXC IOTX_USDT | +0.0100% | 8h | 0.003697 | −0.189% | $800K | $431K | 50x | as long as short |
| KuCoin IOTXUSDTMlong | +0.0100% | 8h | 0.003704 | long leg | $731K | $59K | 30x | |
| Bitget IOTXUSDT | +0.0100% | 8h | 0.003699 | −0.135% | $354K | $418K | 50x | as long as short |
| BingX IOTX-USDT | +0.0100% | 8h | 0.003699 | −0.135% | — | $1.6M | — | as long as short |
| Variational Omni IOTX | +0.0100% | 8h | 0.003683 | −0.577% | $2K | $4K | — | as long as short |
Aster IOTXUSDT
Binance IOTXUSDT
Bybit IOTXUSDT
Gate IOTX_USDT
MEXC IOTX_USDT
Bitget IOTXUSDT
BingX IOTX-USDT
Variational Omni IOTXShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IOTXUSD | +0.0657% | 1h | 0.003697 | −0.200% | $32K | $20K | 10x | as long as short |
Kraken Futures PF_IOTXUSD