Funding you earn now, next payment 00:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.11 per $10,000 · paid last 24h −0.391%
Price spread now: BloFin against KuCoin+1.544%7-day average +0.798% · you sell dearer than you buy
Net, funding: paid 7d − costs−$493as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$2882.875% of the position
Funding, last 7 days−2.051%−$205 on $10k
+Price spread, last 3 days (all we have)−0.831%−$83 · spread now +1.544%, 7d avg +0.798%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.746% dearer against KuCoin than usual: you sell high and buy low: +$75 more if the spread goes back to its 7-day average of +0.798%. Mind the row above: over the last 7 days funding on this pair cost −2.051%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MUSDTM | 1.4589 | 0.0664 | pay 0.0332% / 4h | 2h 22m | $1.4M | $4.4M | 10x |
| Short | BloFin M-USDT | 1.4814 | 0.0686 | get 0.0343% / 4h | 2h 22m | $351K | $403K | 10x |
KuCoin MUSDTM
BloFin M-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
- $4.6
- Price spread: +1.544% → +0.798%
- $74.6
- Slippage, 4 orders
- −$263.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$208.31
- Costs to cover
- 2.875%
- Break-even
- 324.3 days
Slippage from KuCoin: live order book, 5 min ago; BloFin: live order book, 62 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, 5 min ago | 28.19 bp | 148.8 bp −$149 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 62 min ago | 1.34 bp | 29.0 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
M 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 MUSDT | +0.0100% | 4h | 1.4744 | +1.064% | $4.7M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4768 | +1.228% | $2.0M | $890K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4794 | +1.407% | $1.9M | $342K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4789 | +1.372% | $91K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4791 | +1.386% | $2K | $139 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4780 | +1.311% | $2K | $539K | 20x | as long as short |
| Aster MUSDT | +0.0424% | 4h | 1.4778 | +1.299% | $15K | $115K | 5x | as long as short |
| BingX M-USDT | +0.0595% | 4h | 1.4778 | +1.297% | — | $2.4M | — | as long as short |
| KuCoin MUSDTMlong | +0.0664% | 4h | 1.4589 | long leg | $1.4M | $4.4M | 10x | |
| MEXC M_USDT | +0.0672% | 4h | 1.4778 | +1.297% | $248K | $112K | 50x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BingX M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDT | +0.0683% | 4h | 1.4774 | +1.269% | $5.5M | $4.5M | 10x | as long as short |
| BloFin M-USDTshort | +0.0686% | 4h | 1.4814 | +1.544% | $351K | $403K | 10x |
Binance MUSDT