Funding you earn now, next payment 08:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.37 per $10,000 · paid last 24h −0.033%
Price spread now: BloFin against KuCoin−0.362%80s7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$385as 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−$3493.486% of the position
Funding, last 7 days−0.365%−$36 on $10k
+Price spread, last 4 days (all we have)+0.348%+$35 · spread now −0.362%, 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 0.397% cheaper against KuCoin than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of +0.034%). Swap the legs. 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 PTBUSDTM | 0.001049 | 0.0316 | pay 0.0158% / 4h | 3h 29m | $1.6M | $7.1M | 20x |
| Short | BloFin PTB-USDT | 0.001045 | 0.0243 | get 0.0121% / 4h | 3h 29m | $437K | $555K | 20x |
KuCoin PTBUSDTM
BloFin PTB-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
- −$15.43
- Price spread: −0.362% → +0.034%
- −$39.67
- Slippage, 4 orders
- −$324.62
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$403.72
- Costs to cover
- 3.486%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; BloFin: live order book, 67 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, 3 min ago | 8.61 bp | 203.6 bp −$204 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 67 min ago | 0.89 bp | 30.1 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
PTB on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PTB | +0.0100% | 4h | 0.001045 | −0.375% | $30K | $67K | — | as long as short |
| MEXC PTB_USDT | +0.0210% | 4h | 0.001051 | +0.248% | $338K | $810K | 20x | as long as short |
| Extended kPTB-USD | +0.0216% | 1h | 0.001052 | +0.342% | $4K | $42K | 5x | as long as short |
| Binance PTBUSDT | +0.0219% | 4h | 0.001050 | +0.067% | $7.4M | $126.1M | 20x | as long as short |
| BloFin PTB-USDTshort | +0.0243% | 4h | 0.001045 | −0.362% | $437K | $555K | 20x | |
| KuCoin PTBUSDTMlong | +0.0316% | 4h | 0.001049 | long leg | $1.6M | $7.1M | 20x | |
| BingX PTB-USDT | +0.0316% | 4h | 0.001050 | +0.105% | — | $2.2M | — | as long as short |
| Bybit PTBUSDT | +0.0414% | 4h | 0.001049 | +0.019% | $1.5M | $20.4M | 25x | as long as short |
| Aster PTBUSDT | +0.0520% | 4h | 0.001046 | −0.254% | $78K | $857K | 5x | as long as short |
| Gate PTB_USDT | +0.1142% | 4h | 0.001048 | −0.038% | $1.8M | $4.7M | 25x | as long as short |
Variational Omni PTB
MEXC PTB_USDT
Extended kPTB-USD
Binance PTBUSDT
BingX PTB-USDT
Bybit PTBUSDT
Aster PTBUSDT
Gate PTB_USDT