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: BloFin against KuCoin+0.097%50s7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$226as 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−$2522.523% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.708%−$71 · spread now +0.097%, 7d avg +0.004%

Together, before fees−0.448%−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.093% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.004%. The two prices were read 50 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 SUSDTM	0.04117	0.0100	pay 0.0050% / 4h	1h 32m	$1.9M	$2.7M	50x
Short	BloFin S-USDT	0.04121	0.0340	get 0.0170% / 4h	1h 32m	$283K	$106K	75x

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 +0.097%Rate

Funding earned: $50.4
Price spread: +0.097% → +0.004%: $9.34
Slippage, 4 orders: −$228.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$192.51
Costs to cover: 2.523%
Break-even: 33.7 days

Slippage from KuCoin: live order book, 5 min ago; BloFin: live order book, 7 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, 5 min ago	3.66 bp	93.5 bp −$93	357.5 bp −$3,575	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	2.44 bp	20.8 bp −$21	52.4 bp −$524	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
01 Exchange SUSD	−1.1360%	1h	0.03940	−4.299%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1670%	1h	0.04115	−0.053%	$34K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1456%	1h	0.04022	−2.308%	$48K	$16K	25x	as long as short
Variational Omni S	−0.0253%	4h	0.04099	−0.444%	$637K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04116	−0.022%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04121	+0.086%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04117	+0.002%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−0.413%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0067%	4h	0.04117	0.000%	$102K	$331K	10x	as long as short
Lighter S	+0.0096%	1h	0.04122	+0.121%	$172K	$156K	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	0.04122	+0.134%	$1.0M	$554K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04123	+0.155%	$45K	$133K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04116	−0.036%	$5.7M	$13.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04110	−0.170%	$5.9M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04119	+0.049%	$1.1M	$4.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04121	+0.097%	$339K	$200K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04120	+0.073%	$4.0M	$1.8M	200x	as long as short
KuCoin SUSDTMlong	+0.0100%	4h	0.04117	long leg	$1.9M	$2.7M	50x
Bitget SUSDT	+0.0100%	4h	0.04117	0.000%	$1.2M	$2.1M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04116	−0.024%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04110	−0.170%	$25K	$448K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04116	−0.028%	$234K	$1.1M	10x	as long as short
BloFin S-USDTshort	+0.0340%	4h	0.04121	+0.097%	$283K	$106K	75x
Deribit S_USDC-PERPETUAL	+0.0722%	1h	0.04121	+0.097%	$69K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1612%	1h	0.04130	+0.316%	$122K	$365K	5x	as long as short