Funding you earn now, next payment 08:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.25 per $10,000 · paid last 24h +0.014%
Price spread now: KuCoin against BloFin+0.101%95s7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$296as 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−$3033.033% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)−0.524%−$52 · spread now +0.101%, 7d avg +0.015%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.086% dearer against BloFin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.015%. The two prices were read 95 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 PORTAL-USDT | 0.01985 | 0.0137 | pay 0.0068% / 4h | 3h 45m | $205K | $18K | 10x |
| Short | KuCoin PORTALUSDTM | 0.01987 | 0.0186 | get 0.0093% / 4h | 3h 45m | $338K | $115K | 10x |
BloFin PORTAL-USDT
KuCoin PORTALUSDTMFunding 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
- $10.38
- Price spread: +0.101% → +0.015%
- $8.59
- Slippage, 4 orders
- −$279.32
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$284.36
- Costs to cover
- 3.033%
- Break-even
- 198.9 days
Slippage from BloFin: live order book, 45 min ago; KuCoin: live order book, 26 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, 45 min ago | 2.52 bp | 19.1 bp −$19 | 117.1 bp −$1,171 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 26 min ago | 10.05 bp | 148.8 bp −$149 | doesn't fit | doesn't fit | doesn't fit |
PORTAL 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 PORTALUSDT | +0.0100% | 4h | 0.01985 | +0.008% | $13K | $41K | 5x | as long as short |
| Binance PORTALUSDT | +0.0100% | 4h | 0.01985 | 0.000% | $3.2M | $5.1M | 10x | as long as short |
| Bybit PORTALUSDT | +0.0100% | 4h | 0.01987 | +0.096% | $1.3M | $894K | 20x | as long as short |
| MEXC PORTAL_USDT | +0.0100% | 4h | 0.01985 | 0.000% | $892K | $379K | 50x | as long as short |
| BingX PORTAL-USDT | +0.0100% | 4h | 0.01986 | +0.050% | — | $1.3M | — | as long as short |
| Variational Omni PORTAL | +0.0100% | 4h | 0.01987 | +0.088% | $1K | $6K | — | as long as short |
| BloFin PORTAL-USDTlong | +0.0137% | 4h | 0.01985 | long leg | $205K | $18K | 10x | |
| KuCoin PORTALUSDTMshort | +0.0186% | 4h | 0.01987 | +0.101% | $338K | $115K | 10x | |
| Kraken Futures PF_PORTALUSD | +0.1412% | 1h | 0.01988 | +0.133% | $36K | $193K | 10x | as long as short |
Aster PORTALUSDT
Binance PORTALUSDT
Bybit PORTALUSDT
MEXC PORTAL_USDT
BingX PORTAL-USDT
Variational Omni PORTAL
Kraken Futures PF_PORTALUSD