Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against KuCoin+0.284%95s7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$606as 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−$6016.014% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)+3.594%+$359 · spread now +0.284%, 7d avg +0.077%
=The price spread pays, funding is against you. BloFin is 0.208% dearer against KuCoin than usual: you sell high and buy low (spread +0.284% now, against its 7-day average of +0.077%): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 7 days (−0.042% in total) that is about 35 days. The two prices were read 95 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 MEGAUSDTM | 0.04574 | 0.0100 | pay 0.0050% / 4h | 49m 42s | $230K | $117K | 50x |
| Short | BloFin MEGA-USDT | 0.04587 | 0.0050 | get 0.0025% / 4h | 49m 42s | $202K | $95K | 50x |
KuCoin MEGAUSDTM
BloFin MEGA-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
- −$10.58
- Price spread: +0.284% → +0.077%
- $20.76
- Slippage, 4 orders
- −$577.45
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$591.27
- Costs to cover
- 6.014%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 31 min ago; BloFin: live order book, 48 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, 31 min ago | 17.46 bp | 259.3 bp −$259 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 48 min ago | 2.20 bp | 27.6 bp −$28 | 81.1 bp −$811 | doesn't fit | doesn't fit |
MEGA on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0744% | 1h | 0.04589 | +0.339% | $5K | $13K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04578 | +0.083% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0041% | 1h | 0.04573 | −0.011% | $198K | $142K | 2x | as long as short |
| BloFin MEGA-USDTshort | +0.0050% | 4h | 0.04587 | +0.284% | $202K | $95K | 50x | |
| Hyperliquid MEGA | +0.0100% | 1h | 0.04582 | +0.171% | $7.9M | $2.6M | 3x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04574 | +0.003% | $19K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04574 | +0.009% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04572 | −0.049% | $4.1M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04572 | −0.044% | $3.6M | $5.6M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04569 | −0.109% | $937K | $3.1M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Hyperliquid MEGA
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04574 | 0.000% | $199K | $319K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04572 | −0.044% | $817K | $369K | 50x | as long as short |
| KuCoin MEGAUSDTMlong | +0.0100% | 4h | 0.04574 | long leg | $230K | $117K | 50x | |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04573 | −0.022% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04571 | −0.066% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04582 | +0.179% | $323K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04606 | +0.689% | $24K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04605 | +0.678% | $24K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04576 | +0.044% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04573 | −0.022% | $2K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04550 | −0.525% | $134K | $4K | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04569 | −0.113% | $128K | $821K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04575 | +0.028% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0176% | 1h | 0.04599 | +0.547% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04578 | +0.096% | $3K | — | 45x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0471% | 1h | 0.04582 | +0.173% | $111 | $15 | 25x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0523% | 1h | 0.04577 | +0.066% | $18K | $48K | 5x | as long as short |
| Lighter MEGA | +0.0544% | 1h | 0.04595 | +0.459% | $650K | $337K | 3x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Deribit MEGA_USDC-PERPETUAL
Backpack MEGA_USDC_PERP
Lighter MEGA