S

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.073%

Price spread now: KuCoin against BloFin−0.125%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$254as in the Funding arb table

Net, price: spread back to 7d avg − costs−$240as in the Price arb table

costs, in and out, $10k−$2282.283% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.260%−$26 on $10k

Price spread, last 3 days (all we have)+0.210%+$21 · spread now −0.125%, 7d avg −0.006%

Together, before fees−0.050%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.118% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin S-USDT	0.04006	0.0340	pay 0.0170% / 4h	3h 07m	$271K	$127K	75x
Short	KuCoin SUSDTM	0.04001	0.0100	get 0.0050% / 4h	3h 07m	$1.9M	$2.9M	50x

Funding 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 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 BloFinbpFee KuCoinbpOrdersPrice spread, now −0.125%Rate

Funding earned: −$50.4
Price spread: −0.125% → −0.006%: −$11.84
Slippage, 4 orders: −$204.29
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$290.53
Costs to cover: 2.283%
Break-even: never at this rate

Slippage from BloFin: live order book, 59 min ago; KuCoin: live order book, 5 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, 59 min ago	2.54 bp	16.7 bp −$17	47.0 bp −$470	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	6.24 bp	114.0 bp −$114	336.8 bp −$3,368	doesn't fit	doesn't fit

S on 25 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
Kraken Futures PF_SUSD	−0.2019%	1h	0.04001	−0.127%	$34K	$23K	10x	as long as short
01 Exchange SUSD	−0.1688%	1h	0.04000	−0.150%	$25K	$2K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1240%	1h	0.03959	−1.173%	$49K	$5K	25x	as long as short
Variational Omni S	−0.0682%	4h	0.03997	−0.229%	$621K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04002	−0.110%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03999	−0.166%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04002	−0.110%	$617	—	150x	as long as short
Orderly PERP_S_USDC	+0.0027%	4h	0.04001	−0.125%	$102K	$331K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.346%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.04006	0.000%	$164K	$192K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04000	−0.150%	$1.0M	$621K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04002	−0.099%	$44K	$141K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04002	−0.100%	$5.5M	$15.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03995	−0.275%	$5.7M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04001	−0.125%	$981K	$4.5M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03998	−0.200%	$326K	$218K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04000	−0.150%	$3.6M	$1.9M	200x	as long as short
KuCoin SUSDTMshort	+0.0100%	4h	0.04001	−0.125%	$1.9M	$2.9M	50x
Bitget SUSDT	+0.0100%	4h	0.04002	−0.100%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04000	−0.150%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04010	+0.100%	$26K	$446K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03999	−0.168%	$224K	$1.1M	10x	as long as short
Backpack S_USDC_PERP	+0.0278%	1h	0.04010	+0.100%	$117K	$325K	5x	as long as short
BloFin S-USDTlong	+0.0340%	4h	0.04006	long leg	$271K	$127K	75x
Deribit S_USDC-PERPETUAL	+0.0500%	1h	0.04005	−0.025%	$67K	$10K	10x	as long as short