Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h −0.076%
Price spread now: BloFin against KuCoin+0.373%80s7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$463as 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−$4454.450% of the position
Funding, last 7 days−0.182%−$18 on $10k
+Price spread, last 4 days (all we have)−0.403%−$40 · spread now +0.373%, 7d avg −0.015%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.388% dearer against KuCoin than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of −0.015%. Mind the row above: over the last 7 days funding on this pair cost −0.182%, so the current rate has only just turned in your favour. 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 | KuCoin POPCATUSDTM | 0.05632 | 0.0100 | pay 0.0050% / 4h | 19m 51s | $1.1M | $982K | 50x |
| Short | BloFin POPCAT-USDT | 0.05653 | 0.0340 | get 0.0170% / 4h | 19m 51s | $125K | $329K | 50x |
KuCoin POPCATUSDTM
BloFin POPCAT-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
- $50.4
- Price spread: +0.373% → −0.015%
- $38.78
- Slippage, 4 orders
- −$421
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$355.82
- Costs to cover
- 4.450%
- Break-even
- 56.4 days
Slippage from KuCoin: live order book, 5 min ago; BloFin: live order book, 15 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, 5 min ago | 9.72 bp | 195.9 bp −$196 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 15 min ago | 12.48 bp | 26.9 bp −$27 | 68.1 bp −$681 | doesn't fit | doesn't fit |
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERP | −0.4247% | 1h | 0.05544 | −1.563% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05632 | −0.009% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0062% | 4h | 0.05625 | −0.116% | $508K | $163K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05631 | −0.018% | $101K | $51K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05634 | +0.036% | $2.4M | $7.0M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05621 | −0.195% | $8.8M | $6.4M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05634 | +0.036% | $696K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05633 | +0.018% | $445K | $636K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05632 | 0.000% | $1.8M | $967K | 200x | as long as short |
| KuCoin POPCATUSDTMlong | +0.0100% | 4h | 0.05632 | long leg | $1.1M | $982K | 50x |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05631 | −0.018% | $1.2M | $937K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05629 | −0.053% | — | $6.7M | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05660 | +0.497% | $22K | $651K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05631 | −0.022% | $96K | $525K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0210% | 4h | 0.05662 | +0.533% | $250K | $502K | 10x | as long as short |
| BloFin POPCAT-USDTshort | +0.0340% | 4h | 0.05653 | +0.373% | $125K | $329K | 50x | |
| Kraken Futures PF_POPCATUSD | +0.0575% | 1h | 0.05631 | −0.025% | $150K | $146K | 20x | as long as short |
| Hyperliquid POPCAT | +0.1034% | 1h | 0.05644 | +0.213% | $2.6M | $1.0M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
Kraken Futures PF_POPCATUSD
Hyperliquid POPCAT