Funding you earn now, next payment 12:00 UTC−0.0398%/8h= −43.6% APRnext payment −$1.99 per $10,000 · paid last 24h −0.093%
Price spread now: KuCoin against BloFin−0.006%7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$722as in the Funding arb table
Net, price: spread back to 7d avg − costs−$684as in the Price arb table
costs, in and out, $10k−$6976.974% of the position
Funding, last 7 days−0.244%−$24 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.006%, 7d avg −0.140%
=The price spread pays, funding is against you. KuCoin is 0.135% dearer against BloFin than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.140%): +$13 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.244% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.244% in total (about -12.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.99 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin LIGHT-USDT | 0.1778 | 0.0498 | pay 0.0249% / 4h | 11m 10s | $237K | $11K | 10x |
| Short | KuCoin LIGHTUSDTM | 0.1778 | 0.0100 | get 0.0050% / 4h | 11m 10s | $2.0M | $2.4M | 10x |
BloFin LIGHT-USDT
KuCoin LIGHTUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$83.64
- Price spread: −0.006% → −0.140%
- $13.48
- Slippage, 4 orders
- −$673.37
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$767.53
- Costs to cover
- 6.974%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 22 min ago; KuCoin: 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 BloFin live order book, 22 min ago | 2.82 bp | 16.7 bp −$17 | 111.1 bp −$1,111 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 7.86 bp | 148.0 bp −$148 | doesn't fit | doesn't fit | doesn't fit |
LIGHT on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LIGHTUSDTMshort | +0.0100% | 4h | 0.1778 | −0.006% | $2.0M | $2.4M | 10x | |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1775 | −0.169% | $2K | $1.0M | 20x | as long as short |
| Gate LIGHT_USDT | +0.0238% | 8h | 0.1779 | +0.056% | $2.2M | $453K | 10x | as long as short |
| Aster LIGHTUSDT | +0.0267% | 4h | 0.1777 | −0.039% | $21K | $3K | 5x | as long as short |
| MEXC LIGHT_USDT | +0.0450% | 4h | 0.1777 | −0.056% | $1.5M | $271K | 50x | as long as short |
| Binance LIGHTUSDT | +0.0451% | 4h | 0.1778 | 0.000% | $4.1M | $2.5M | 10x | as long as short |
| OKX LIGHT-USDT-SWAP | +0.0495% | 4h | 0.1778 | 0.000% | $874K | $1.0M | 10x | as long as short |
| BloFin LIGHT-USDTlong | +0.0498% | 4h | 0.1778 | long leg | $237K | $11K | 10x | |
| Bybit LIGHTUSDT | +0.0910% | 4h | 0.1776 | −0.101% | $2.1M | $304K | 13x | as long as short |
SunX LIGHT-USDT
Gate LIGHT_USDT
Aster LIGHTUSDT
MEXC LIGHT_USDT
Binance LIGHTUSDT
OKX LIGHT-USDT-SWAP
Bybit LIGHTUSDT