NIL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.004%

Price spread now: KuCoin against BloFin+1.256%80s7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$198as 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−$1961.958% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−1.014%−$101 · spread now +1.256%, 7d avg +0.083%

Together, before fees−1.032%−$103 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 1.173% dearer against BloFin than usual: you sell high and buy low (spread +1.256% now, against its 7-day average of +0.083%): +$117 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.019% in total) that is about 15 months. 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 NIL-USDT	0.07963	0.0150	pay 0.0075% / 4h	51m 49s	$397K	$175K	50x
Short	KuCoin NILUSDTM	0.08063	0.0100	get 0.0050% / 4h	51m 49s	$649K	$676K	30x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee KuCoinbpOrdersPrice spread, now +1.256%Rate

Funding earned: −$10.49
Price spread: +1.256% → +0.083%: $117.33
Slippage, 4 orders: −$171.77
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$88.93
Costs to cover: 1.958%
Break-even: never at this rate

Slippage from BloFin: live order book, 52 min ago; KuCoin: live order book, 44 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, 52 min ago	13.54 bp	28.0 bp −$28	79.5 bp −$795	doesn't fit	doesn't fit
Sell KuCoin live order book, 44 min ago	23.32 bp	68.8 bp −$69	doesn't fit	doesn't fit	doesn't fit

NIL 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
BingX NIL-USDT	+0.0070%	4h	0.08069	+1.331%	—	$8.1M	—	as long as short
Hyperliquid NIL	+0.0100%	1h	0.08081	+1.487%	$5.1M	$4.7M	3x	as long as short
Aster NILUSDT	+0.0100%	4h	0.08066	+1.291%	$37K	$183K	5x	as long as short
Binance NILUSDT	+0.0100%	4h	0.08069	+1.326%	$6.3M	$49.8M	50x	as long as short
Bybit NILUSDT	+0.0100%	4h	0.08085	+1.532%	$4.7M	$10.6M	20x	as long as short
Gate NIL_USDT	+0.0100%	4h	0.08068	+1.319%	$495K	$1.5M	50x	as long as short
MEXC NIL_USDT	+0.0100%	4h	0.08073	+1.381%	$3.0M	$3.4M	100x	as long as short
KuCoin NILUSDTMshort	+0.0100%	4h	0.08063	+1.256%	$649K	$676K	30x
Bitget NILUSDT	+0.0100%	4h	0.08076	+1.419%	$2.3M	$7.2M	50x	as long as short
Variational Omni NIL	+0.0100%	4h	0.08026	+0.796%	$194K	$251K	—	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NIL-USD	+0.0104%	1h	0.08064	+1.267%	$20K	$198K	5x	as long as short
BloFin NIL-USDTlong	+0.0150%	4h	0.07963	long leg	$397K	$175K	50x