Funding you earn now, next payment 04:00 UTC+0.0035%/8h= +3.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.004%
Price spread now: KuCoin against BloFin−0.048%80s7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$153as 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−$1561.564% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 3 days (all we have)+0.092%+$9 · spread now −0.048%, 7d avg +0.035%
=Funding pays, the price is against you. KuCoin is 0.083% cheaper against BloFin than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.035%). If the spread goes back, that is −$8 on $10k: about 7.9 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.030% in total) that is about 19 days. The two prices were read 80 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 | BloFin MMT-USDT | 0.1667 | 0.0065 | pay 0.0032% / 4h | 3h 53m | $382K | $9K | 50x |
| Short | KuCoin MMTUSDTM | 0.1666 | 0.0100 | get 0.0050% / 4h | 3h 53m | $598K | $94K | 50x |
BloFin MMT-USDT
KuCoin MMTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- $7.4
- Price spread: −0.048% → +0.035%
- −$8.35
- Slippage, 4 orders
- −$132.43
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$157.38
- Costs to cover
- 1.564%
- Break-even
- 156.0 days
Slippage from BloFin: live order book, 17 min ago; KuCoin: live order book, 69 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 BloFin live order book, 17 min ago | 3.01 bp | 12.2 bp −$12 | 46.3 bp −$463 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 69 min ago | 4.51 bp | 46.7 bp −$47 | 815.9 bp −$8,159 | doesn't fit | doesn't fit |
MMT on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MMT-USDTlong | +0.0065% | 4h | 0.1667 | long leg | $382K | $9K | 50x | |
| Aster MMTUSDT | +0.0100% | 4h | 0.1665 | −0.099% | $6K | $29K | 5x | as long as short |
| Binance MMTUSDT | +0.0100% | 4h | 0.1665 | −0.099% | $5.4M | $4.1M | 50x | as long as short |
| Bybit MMTUSDT | +0.0100% | 4h | 0.1665 | −0.138% | $1.5M | $771K | 25x | as long as short |
| OKX MMT-USDT-SWAP | +0.0100% | 4h | 0.1661 | −0.360% | $1.6M | $2.6M | 20x | as long as short |
| MEXC MMT_USDT | +0.0100% | 4h | 0.1665 | −0.120% | $506K | $153K | 20x | as long as short |
| KuCoin MMTUSDTMshort | +0.0100% | 4h | 0.1666 | −0.048% | $598K | $94K | 50x | |
| Bitget MMTUSDT | +0.0100% | 4h | 0.1667 | 0.000% | $1.4M | $480K | 50x | as long as short |
| BingX MMT-USDT | +0.0100% | 4h | 0.1665 | −0.120% | — | $6.5M | — | as long as short |
| Variational Omni MMT | +0.0100% | 4h | 0.1666 | −0.043% | $2K | $5K | — | as long as short |
Aster MMTUSDT
Binance MMTUSDT
Bybit MMTUSDT
OKX MMT-USDT-SWAP
MEXC MMT_USDT
Bitget MMTUSDT
BingX MMT-USDT
Variational Omni MMTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MMT_USDT | +0.0316% | 8h | 0.1667 | 0.000% | $561K | $238K | 50x | as long as short |
Gate MMT_USDT