Funding arb · Price arb /

ORDER

all ORDER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.011%

Price spread now: BloFin against KuCoin−0.225%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on BloFin

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

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and BloFin is 0.225% cheaper against KuCoin than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ORDERUSDTM	0.03999	0.0440	pay 0.0220% / 4h	23m 11s	$220K	$42K	30x
Short	BloFin ORDER-USDT	0.03990	0.0100	get 0.0100% / 8h	23m 11s	$63K	$6K	16x

Funding 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 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 KuCoinbpFee BloFinbpOrdersPrice spread, now −0.225%Rate

Funding earned: −$71.42
Price spread: −0.225% → 0.000%: −$22.51
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$117.92
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 8 min ago; BloFin: no order-book sample. 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 KuCoin live order book, 8 min ago	16.14 bp	357.4 bp −$357	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

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
BloFin ORDER-USDTshort	+0.0100%	8h	0.03990	−0.225%	$63K	$6K	16x
Binance ORDERUSDT	+0.0100%	4h	0.04007	+0.190%	$1.3M	$1.7M	50x	as long as short
Bybit ORDERUSDT	+0.0100%	8h	0.03987	−0.300%	$1.3M	$691K	20x	as long as short
OKX ORDER-USDT-SWAP	+0.0100%	4h	0.03995	−0.100%	$168K	$219K	20x	as long as short
Gate ORDER_USDT	+0.0100%	4h	0.03990	−0.225%	$74K	$25K	20x	as long as short
MEXC ORDER_USDT	+0.0100%	4h	0.04005	+0.150%	$265K	$102K	20x	as long as short
Bitget ORDERUSDT	+0.0100%	4h	0.03992	−0.175%	$480K	$186K	20x	as long as short
BingX ORDER-USDT	+0.0100%	4h	0.03990	−0.225%	—	$1.3M	—	as long as short
Variational Omni ORDER	+0.0100%	8h	0.03992	−0.181%	$10K	$2K	—	as long as short
KuCoin ORDERUSDTMlong	+0.0440%	4h	0.03999	long leg	$220K	$42K	30x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ORDER_USDC	+0.0660%	4h	0.04000	+0.025%	$187K	$220K	10x	as long as short