Q

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0821%/8h= +89.9% APRnext payment +$4.10 per $10,000 · paid last 24h +0.036%

Price spread now: BloFin against KuCoin+0.269%110s7-day average +0.186% · you sell dearer than you buy

Net, funding: paid 7d − costs−$924as 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−$9489.477% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.240%+$24 on $10k

Price spread, last 3 days (all we have)+0.088%+$9 · spread now +0.269%, 7d avg +0.186%

Together, before fees+0.327%+$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and BloFin is 0.083% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.186%. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.240% in total (about 12.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.10 per $10,000. 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 QUSDTM	0.02493	0.0100	pay 0.0050% / 4h	1h 27m	$660K	$21K	20x
Short	BloFin Q-USDT	0.02499	0.0921	get 0.0460% / 4h	1h 27m	$371K	$75K	40x

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 +0.269%Rate

Funding earned: $172.37
Price spread: +0.269% → +0.186%: $8.3
Slippage, 4 orders: −$923.7
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$767.02
Costs to cover: 9.477%
Break-even: 38.1 days

Slippage from KuCoin: live order book, 46 min ago; BloFin: live order book, 53 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, 46 min ago	31.85 bp	563.0 bp −$563	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 53 min ago	0.40 bp	22.0 bp −$22	doesn't fit	doesn't fit	doesn't fit

Q 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
Gate Q_USDT	+0.0100%	4h	0.02494	+0.068%	$1.2M	$300K	10x	as long as short
KuCoin QUSDTMlong	+0.0100%	4h	0.02493	long leg	$660K	$21K	20x
Bitget QUSDT	+0.0100%	4h	0.02498	+0.213%	$2.2M	$138K	20x	as long as short
Variational Omni Q	+0.0100%	4h	0.02497	+0.156%	$602	$41	—	as long as short
Bybit QUSDT	+0.0466%	4h	0.02497	+0.168%	$1.5M	$379K	13x	as long as short
Aster QUSDT	+0.0628%	4h	0.02499	+0.238%	$58K	$54K	5x	as long as short
BingX Q-USDT	+0.0920%	4h	0.02498	+0.197%	—	$1.3M	—	as long as short
BloFin Q-USDTshort	+0.0921%	4h	0.02499	+0.269%	$371K	$75K	40x
MEXC Q_USDT	+0.0966%	4h	0.02498	+0.213%	$121K	$88K	50x	as long as short
Binance QUSDT	+0.0975%	4h	0.02499	+0.242%	$6.9M	$1.5M	20x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended Q-USD	+0.0976%	1h	0.02498	+0.216%	$8K	$168K	5x	as long as short