Funding arb · Price arb /

ORDER

all ORDER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0029%/8h= −3.1% APRpaid last 24h +0.011%

Price spread now: KuCoin against BloFin+0.425%80s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. KuCoin is 0.425% dearer against BloFin than usual: you sell high and buy low (spread +0.425% now, against zero (this spread has no 7-day history yet)): +$43 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 50 days. Mind the row above: over the last 7 days funding on this pair paid +0.166%, so the current rate has only just turned against you. 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 ORDER-USDT	0.03996	0.0129	pay 0.0129% / 8h	2h 36m	$64K	$7K	16x
Short	KuCoin ORDERUSDTM	0.04013	0.0100	get 0.0050% / 4h	2h 36m	$222K	$81K	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 +0.425%Rate

Funding earned: −$6
Price spread: +0.425% → 0.000%: $42.54
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $12.55
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: BloFin: no order-book sample; KuCoin: live order book, 20 min ago. Net counts fees only.

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 no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 20 min ago	13.66 bp	247.3 bp −$247	doesn't fit	doesn't fit	doesn't fit

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ORDER 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
Binance ORDERUSDT	+0.0100%	4h	0.04022	+0.645%	$1.4M	$1.9M	50x	as long as short
Bybit ORDERUSDT	+0.0100%	8h	0.04007	+0.275%	$1.3M	$754K	20x	as long as short
OKX ORDER-USDT-SWAP	+0.0100%	4h	0.04017	+0.526%	$168K	$287K	20x	as long as short
Gate ORDER_USDT	+0.0100%	4h	0.04016	+0.501%	$76K	$37K	20x	as long as short
MEXC ORDER_USDT	+0.0100%	4h	0.04021	+0.626%	$271K	$101K	20x	as long as short
KuCoin ORDERUSDTMshort	+0.0100%	4h	0.04013	+0.425%	$222K	$81K	30x
Bitget ORDERUSDT	+0.0100%	4h	0.04009	+0.325%	$478K	$256K	20x	as long as short
BingX ORDER-USDT	+0.0100%	4h	0.04010	+0.350%	—	$1.3M	—	as long as short
Variational Omni ORDER	+0.0100%	8h	0.04004	+0.197%	$10K	$2K	—	as long as short
BloFin ORDER-USDTlong	+0.0129%	8h	0.03996	long leg	$64K	$7K	16x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ORDER_USDC	+0.0495%	4h	0.04014	+0.450%	$187K	$159K	10x	as long as short