Funding you earn now, next payment 12:00 UTC+0.0014%/8h= +1.6% APRnext payment +$0.07 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against KuCoin−0.118%110s7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$207as 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−$2042.042% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.118%, 7d avg −0.020%
=Funding pays, the price is against you. BloFin is 0.098% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of −0.020%). If the spread goes back, that is −$10 on $10k: about 23 days of funding at the current rate ($0 a day). The two prices were read 110 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 LPTUSDTM | 1.6910 | 0.0100 | pay 0.0050% / 4h | 9m 21s | $256K | $154K | 50x |
| Short | BloFin LPT-USDT | 1.6890 | 0.0114 | get 0.0057% / 4h | 9m 21s | $189K | $26K | 50x |
KuCoin LPTUSDTM
BloFin LPT-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
- Price spread: −0.118% → −0.020%
- −$9.84
- Slippage, 4 orders
- −$180.24
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$211.09
- Costs to cover
- 2.042%
- Break-even
- 500.3 days
Slippage from KuCoin: live order book, 14 min ago; BloFin: live order book, 23 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, 14 min ago | 5.95 bp | 72.1 bp −$72 | 420.1 bp −$4,201 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 23 min ago | 2.98 bp | 16.5 bp −$17 | 47.6 bp −$476 | 310.4 bp −$31.0K | doesn't fit |
LPT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_LPTUSD | −0.0091% | 1h | 1.6923 | +0.076% | $42K | $84K | 25x | as long as short |
| Aster LPTUSDT | +0.0100% | 4h | 1.6913 | +0.018% | $2K | $17K | 5x | as long as short |
| Binance LPTUSDT | +0.0100% | 4h | 1.6928 | +0.107% | $3.4M | $8.2M | 50x | as long as short |
| Bybit LPTUSDT | +0.0100% | 4h | 1.6913 | +0.018% | $1.6M | $1.9M | 25x | as long as short |
| OKX LPT-USDT-SWAP | +0.0100% | 4h | 1.6910 | 0.000% | $1.4M | $2.2M | 20x | as long as short |
| Gate LPT_USDT | +0.0100% | 8h | 1.6910 | 0.000% | $214K | $792K | 50x | as long as short |
| MEXC LPT_USDT | +0.0100% | 4h | 1.6920 | +0.059% | $2.0M | $785K | 50x | as long as short |
| KuCoin LPTUSDTMlong | +0.0100% | 4h | 1.6910 | long leg | $256K | $154K | 50x | |
| Bitget LPTUSDT | +0.0100% | 4h | 1.6910 | 0.000% | $1.3M | $484K | 50x | as long as short |
| BingX LPT-USDT | +0.0100% | 4h | 1.6910 | 0.000% | — | $2.4M | — | as long as short |
Kraken Futures PF_LPTUSD
Aster LPTUSDT
Binance LPTUSDT
Bybit LPTUSDT
OKX LPT-USDT-SWAP
Gate LPT_USDT
MEXC LPT_USDT
Bitget LPTUSDT
BingX LPT-USDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni LPT | +0.0100% | 4h | 1.6901 | −0.054% | $6K | $3K | — | as long as short |
| BloFin LPT-USDTshort | +0.0114% | 4h | 1.6890 | −0.118% | $189K | $26K | 50x |
Variational Omni LPT