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: BloFin against KuCoin−0.105%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$599as in the Funding arb table
Net, price: spread back to 7d avg − costs−$605as in the Price arb table
costs, in and out, $10k−$5985.984% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.105%, 7d avg −0.034%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.070% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPENUSDTM | 0.1434 | 0.0100 | pay 0.0050% / 4h | 3h 57m | $2.4M | $53K | 30x |
| Short | BloFin OPEN-USDT | 0.1433 | 0.0050 | get 0.0025% / 4h | 3h 57m | $677K | $13K | 75x |
KuCoin OPENUSDTM
BloFin OPEN-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
- −$10.52
- Price spread: −0.105% → −0.034%
- −$7.05
- Slippage, 4 orders
- −$574.43
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$616
- Costs to cover
- 5.984%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 10 min ago; BloFin: live order book, 19 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, 10 min ago | 17.71 bp | 259.1 bp −$259 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 19 min ago | 3.47 bp | 22.8 bp −$23 | 73.1 bp −$731 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPEN-USDTshort | +0.0050% | 4h | 0.1433 | −0.105% | $677K | $13K | 75x | |
| Aster OPENUSDT | +0.0100% | 4h | 0.1435 | +0.040% | $251K | $2K | 5x | as long as short |
| Binance OPENUSDT | +0.0100% | 4h | 0.1435 | +0.035% | $7.1M | $2.5M | 75x | as long as short |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1434 | −0.035% | $819K | $181K | 75x | as long as short |
| KuCoin OPENUSDTMlong | +0.0100% | 4h | 0.1434 | long leg | $2.4M | $53K | 30x | |
| Extended OPEN-USD | +0.0104% | 1h | 0.1435 | +0.008% | $2K | $178K | 5x | as long as short |
| Kraken Futures PF_OPENUSD | +0.0189% | 1h | 0.1436 | +0.094% | $14K | $55K | 10x | as long as short |
| Bitget OPENUSDT | +0.0274% | 4h | 0.1436 | +0.105% | $2.2M | $147K | 20x | as long as short |
| Bybit OPENUSDT | +0.0519% | 4h | 0.1436 | +0.105% | $1.5M | $768K | 25x | as long as short |
Aster OPENUSDT
Binance OPENUSDT
Gate OPEN_USDT
Extended OPEN-USD
Kraken Futures PF_OPENUSD
Bitget OPENUSDT
Bybit OPENUSDT