Funding you earn now, next payment 04:00 UTC+0.0117%/8h= +12.8% APRnext payment +$0.59 per $10,000 · paid last 24h +0.140%
Price spread now: BloFin against KuCoin+0.222%7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs−$518as in the Funding arb table
Net, price: spread back to 7d avg − costs−$530as in the Price arb table
costs, in and out, $10k−$5385.385% of the position
Funding, last 7 days+0.200%+$20 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.222%, 7d avg +0.136%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.086% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.136%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin LIGHTUSDTM | 0.1805 | 0.0246 | pay 0.0123% / 4h | 25m 18s | $2.0M | $2.5M | 10x |
| Short | BloFin LIGHT-USDT | 0.1809 | 0.0363 | get 0.0182% / 4h | 25m 18s | $238K | $15K | 10x |
KuCoin LIGHTUSDTM
BloFin LIGHT-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
- $24.64
- Price spread: +0.222% → +0.136%
- $8.58
- Slippage, 4 orders
- −$514.47
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$505.26
- Costs to cover
- 5.385%
- Break-even
- 150.6 days
Slippage from KuCoin: live order book, 2 min ago; BloFin: live order book, 6 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, 2 min ago | 5.82 bp | 237.6 bp −$238 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 5.53 bp | 26.2 bp −$26 | 87.2 bp −$872 | doesn't fit | doesn't fit |
LIGHT on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX LIGHT-USDT-SWAP | +0.0100% | 4h | 0.1810 | +0.277% | $898K | $1.3M | 10x | as long as short |
| Gate LIGHT_USDT | +0.0100% | 8h | 0.1806 | +0.055% | $2.3M | $564K | 10x | as long as short |
| SunX LIGHT-USDT | +0.0100% | 4h | 0.1805 | 0.000% | $1K | $1.4M | 20x | as long as short |
| KuCoin LIGHTUSDTMlong | +0.0246% | 4h | 0.1805 | long leg | $2.0M | $2.5M | 10x | |
| Aster LIGHTUSDT | +0.0253% | 4h | 0.1806 | +0.060% | $22K | $6K | 5x | as long as short |
| Binance LIGHTUSDT | +0.0363% | 4h | 0.1809 | +0.216% | $4.1M | $3.1M | 10x | as long as short |
| BloFin LIGHT-USDTshort | +0.0363% | 4h | 0.1809 | +0.222% | $238K | $15K | 10x | |
| MEXC LIGHT_USDT | +0.0374% | 4h | 0.1808 | +0.166% | $1.4M | $291K | 50x | as long as short |
| Bybit LIGHTUSDT | +0.0471% | 4h | 0.1807 | +0.111% | $2.2M | $608K | 13x | as long as short |
OKX LIGHT-USDT-SWAP
Gate LIGHT_USDT
SunX LIGHT-USDT
Aster LIGHTUSDT
Binance LIGHTUSDT
MEXC LIGHT_USDT
Bybit LIGHTUSDT