Funding you earn now, next payment 04:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.23 per $10,000 · paid last 24h +0.002%
Price spread now: KuCoin against BloFin−0.035%50s7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$999as 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−$1,0009.996% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)+0.344%+$34 · spread now −0.035%, 7d avg +0.029%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.063% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.029%). Swap the legs. The two prices were read 50 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 OPEN-USDT | 0.1437 | 0.0145 | pay 0.0073% / 4h | 46m 23s | $671K | $12K | 75x |
| Short | KuCoin OPENUSDTM | 0.1436 | 0.0100 | get 0.0050% / 4h | 46m 23s | $2.3M | $47K | 30x |
BloFin OPEN-USDT
KuCoin OPENUSDTMFunding 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
- −$9.49
- Price spread: −0.035% → +0.029%
- −$6.34
- Slippage, 4 orders
- −$975.63
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,015.46
- Costs to cover
- 9.996%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 55 min ago; KuCoin: live order book, 5 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, 55 min ago | 3.47 bp | 34.0 bp −$34 | 120.6 bp −$1,206 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 16.98 bp | 458.5 bp −$458 | doesn't fit | doesn't fit | doesn't fit |
OPEN on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OPENUSDT | +0.0100% | 4h | 0.1436 | −0.074% | $251K | $4K | 5x | as long as short |
| Binance OPENUSDT | +0.0100% | 4h | 0.1435 | −0.139% | $7.1M | $2.5M | 75x | as long as short |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1435 | −0.139% | $822K | $196K | 75x | as long as short |
| KuCoin OPENUSDTMshort | +0.0100% | 4h | 0.1436 | −0.035% | $2.3M | $47K | 30x | |
| Bitget OPENUSDT | +0.0100% | 4h | 0.1439 | +0.139% | $2.2M | $181K | 20x | as long as short |
| Extended OPEN-USD | +0.0104% | 1h | 0.1435 | −0.165% | $6K | $113K | 5x | as long as short |
| BloFin OPEN-USDTlong | +0.0145% | 4h | 0.1437 | long leg | $671K | $12K | 75x | |
| Bybit OPENUSDT | +0.0880% | 4h | 0.1437 | +0.021% | $1.5M | $708K | 25x | as long as short |
| Kraken Futures PF_OPENUSD | +0.0978% | 1h | 0.1439 | +0.156% | $14K | $55K | 10x | as long as short |
Aster OPENUSDT
Binance OPENUSDT
Gate OPEN_USDT
Bitget OPENUSDT
Extended OPEN-USD
Bybit OPENUSDT
Kraken Futures PF_OPENUSD