Funding you earn now, next payment 08:00 UTC−0.0225%/8h= −24.6% APRnext payment −$2.25 per $10,000 · paid last 24h −0.065%
Price spread now: BloFin against KuCoin−0.147%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$219as in the Funding arb table
Net, price: spread back to 7d avg − costs−$233as in the Price arb table
costs, in and out, $10k−$2182.178% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 3 days (all we have)+0.410%+$41 · spread now −0.147%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.151% cheaper against KuCoin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.007% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MINAUSDTM | 0.1294 | −0.0079 | get 0.0079% / 8h | 7h 36m | $776K | $502K | 30x |
| Short | BloFin MINA-USDT | 0.1292 | −0.0304 | pay 0.0304% / 8h | 7h 36m | $255K | $291K | 50x |
KuCoin MINAUSDTM
BloFin MINA-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
- −$47.23
- Price spread: −0.147% → +0.005%
- −$15.14
- Slippage, 4 orders
- −$193.84
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$280.21
- Costs to cover
- 2.178%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 17 min ago; BloFin: live order book, 33 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, 17 min ago | 16.38 bp | 86.4 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 33 min ago | 0.78 bp | 23.1 bp −$23 | 67.8 bp −$678 | doesn't fit | doesn't fit |
MINA 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MINAUSD | −0.3316% | 1h | 0.1292 | −0.129% | $24K | $86K | 10x | as long as short |
| Bybit MINAUSDT | −0.0942% | 4h | 0.1297 | +0.255% | $4.5M | $6.6M | 25x | as long as short |
| Gate MINA_USDT | −0.0447% | 8h | 0.1294 | +0.008% | $417K | $946K | 50x | as long as short |
| Binance MINAUSDT | −0.0323% | 8h | 0.1296 | +0.204% | $4.5M | $33.4M | 50x | as long as short |
| MEXC MINA_USDT | −0.0322% | 8h | 0.1296 | +0.155% | $1.2M | $1.4M | 50x | as long as short |
| BloFin MINA-USDTshort | −0.0304% | 8h | 0.1292 | −0.147% | $255K | $291K | 50x | |
| Bitget MINAUSDT | −0.0223% | 8h | 0.1295 | +0.131% | $1.8M | $3.8M | 50x | as long as short |
| KuCoin MINAUSDTMlong | −0.0079% | 8h | 0.1294 | long leg | $776K | $502K | 30x | |
| BingX MINA-USDT | −0.0023% | 8h | 0.1296 | +0.170% | — | $2.7M | — | as long as short |
| OKX MINA-USDT-SWAP | +0.0040% | 4h | 0.1294 | +0.054% | $1.9M | $17.2M | 20x | as long as short |
Kraken Futures PF_MINAUSD
Bybit MINAUSDT
Gate MINA_USDT
Binance MINAUSDT
MEXC MINA_USDT
Bitget MINAUSDT
BingX MINA-USDT
OKX MINA-USDT-SWAPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1296 | +0.193% | $3.7M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1295 | +0.073% | $417K | $143K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA