Funding you earn now, next payment 00:00 UTC−0.0611%/8h= −66.9% APRnext payment −$3.05 per $10,000 · paid last 24h −0.154%
Price spread now: KuCoin against BloFin−0.469%65s7-day average −0.183% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as 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−$1141.144% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.469%, 7d avg −0.183%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and KuCoin is 0.286% cheaper against BloFin than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.183%). Swap the legs. The two prices were read 65 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 -0.030% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.05 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 | BloFin RIVER-USDT | 1.2790 | 0.0711 | pay 0.0355% / 4h | 47m 58s | $418K | $33K | 50x |
| Short | KuCoin RIVERUSDTM | 1.2730 | 0.0100 | get 0.0050% / 4h | 47m 58s | $2.5M | $2.2M | 50x |
BloFin RIVER-USDT
KuCoin RIVERUSDTMFunding 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
- −$128.22
- Price spread: −0.469% → −0.183%
- −$28.6
- Slippage, 4 orders
- −$90.42
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$271.24
- Costs to cover
- 1.144%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 28 min ago; KuCoin: live order book, 9 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, 28 min ago | 3.96 bp | 21.5 bp −$21 | 53.8 bp −$538 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 3.93 bp | 31.2 bp −$31 | 534.1 bp −$5,341 | doesn't fit | doesn't fit |
RIVER on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RIVER | +0.0096% | 1h | 1.2740 | −0.391% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2740 | −0.391% | $2.1M | $3.8M | 20x | as long as short |
| KuCoin RIVERUSDTMshort | +0.0100% | 4h | 1.2730 | −0.469% | $2.5M | $2.2M | 50x | |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2710 | −0.625% | $2K | $967K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2790 | 0.000% | $49K | $95K | 20x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0132% | 4h | 1.2718 | −0.561% | $39K | $415K | 10x | as long as short |
| Bitget RIVERUSDT | +0.0322% | 4h | 1.2740 | −0.391% | $3.0M | $1.9M | 20x | as long as short |
| Gate RIVER_USDT | +0.0388% | 4h | 1.2720 | −0.547% | $423K | $107K | 20x | as long as short |
| Aster RIVERUSDT | +0.0604% | 4h | 1.2734 | −0.438% | $73K | $29K | 10x | as long as short |
| BloFin RIVER-USDTlong | +0.0711% | 4h | 1.2790 | long leg | $418K | $33K | 50x |
Lighter RIVER
OKX RIVER-USDT-SWAP
SunX RIVER-USDT
HTX RIVER-USDT
GRVT RIVER_USDT_Perp
Bitget RIVERUSDT
Gate RIVER_USDT
Aster RIVERUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_RIVERUSD | +0.0719% | 1h | 1.2768 | −0.175% | $59K | $62K | 10x | as long as short |
| MEXC RIVER_USDT | +0.0722% | 4h | 1.2740 | −0.391% | $3.7M | $1.5M | 50x | as long as short |
| Binance RIVERUSDT | +0.0723% | 4h | 1.2743 | −0.369% | $6.1M | $10.3M | 50x | as long as short |
| Variational Omni RIVER | +0.1090% | 4h | 1.2763 | −0.208% | $43K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.1330% | 4h | 1.2740 | −0.391% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDT | +0.1367% | 4h | 1.2740 | −0.391% | $3.8M | $1.7M | 25x | as long as short |
Kraken Futures PF_RIVERUSD
MEXC RIVER_USDT
Binance RIVERUSDT
Variational Omni RIVER
BingX RIVER-USDT
Bybit RIVERUSDT