KGEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0550%/8h= +60.2% APRnext payment +$2.75 per $10,000 · paid last 24h +0.188%

Price spread now: BloFin against Bybit0.000%112s7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$348as 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−$3853.852% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.375%+$38 on $10k

Price spread, last 3 days (all we have)+0.041%+$4 · spread now 0.000%, 7d avg +0.062%

Together, before fees+0.416%+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.062% cheaper against Bybit than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.062%). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.375% in total) that is about 28 hours. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.375% in total (about 19.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.75 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KGENUSDT	0.1597	0.0100	pay 0.0050% / 4h	1h 09m	$740K	$330K	20x
Short	BloFin KGEN-USDT	0.1597	0.0650	get 0.0325% / 4h	1h 09m	$222K	$18K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $115.44
Price spread: 0.000% → +0.062%: −$6.19
Slippage, 4 orders: −$362.23
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$275.98
Costs to cover: 3.852%
Break-even: 23.7 days

Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 66 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 Bybit live order book, 5 min ago	6.26 bp	169.6 bp −$170	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 66 min ago	12.48 bp	46.5 bp −$46	115.9 bp −$1,159	doesn't fit	doesn't fit

KGEN on 12 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
Bybit KGENUSDTlong	+0.0100%	4h	0.1597	long leg	$740K	$330K	20x
OKX KGEN-USDT-SWAP	+0.0100%	4h	0.1600	+0.188%	$193K	$127K	10x	as long as short
KuCoin KGENUSDTM	+0.0100%	4h	0.1599	+0.119%	$726K	$1.5M	50x	as long as short
Variational Omni KGEN	+0.0100%	4h	0.1597	−0.013%	$5K	$1K	—	as long as short
SunX KGEN-USDT	+0.0100%	4h	0.1593	−0.238%	$2K	$860K	20x	as long as short
Bitget KGENUSDT	+0.0212%	4h	0.1598	+0.094%	$1.7M	$175K	50x	as long as short
Binance KGENUSDT	+0.0629%	4h	0.1597	0.000%	$4.9M	$905K	50x	as long as short
MEXC KGEN_USDT	+0.0640%	4h	0.1598	+0.063%	$435K	$97K	50x	as long as short
BingX KGEN-USDT	+0.0640%	4h	0.1598	+0.063%	—	$6.5M	—	as long as short
BloFin KGEN-USDTshort	+0.0650%	4h	0.1597	0.000%	$222K	$18K	50x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KGENUSDT	+0.1127%	4h	0.1597	−0.001%	$19K	$5K	5x	as long as short
Gate KGEN_USDT	+0.1346%	4h	0.1595	−0.150%	$1.5M	$95K	50x	as long as short