Funding you earn now, next payment 08:00 UTC+0.0293%/8h= +32.1% APRnext payment +$1.47 per $10,000 · paid last 24h +0.052%
Price spread now: BloFin against KuCoin−0.012%80s7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,937as 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−$1,94719.469% of the position
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 4 days (all we have)+0.296%+$30 · spread now −0.012%, 7d avg +0.079%
=Funding pays, the price is against you. BloFin is 0.091% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.079%). If the spread goes back, that is −$9 on $10k: about 25 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.101% in total) that is about 6.3 days. The two prices were read 80 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 0.101% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.47 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 THEUSDTM | 0.08205 | 0.0100 | pay 0.0050% / 4h | 3h 29m | $113K | $108K | 10x |
| Short | BloFin THE-USDT | 0.08204 | 0.0393 | get 0.0197% / 4h | 3h 29m | $142K | $5K | 50x |
KuCoin THEUSDTM
BloFin THE-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
- $61.61
- Price spread: −0.012% → +0.079%
- −$9.13
- Slippage, 4 orders
- −$1,922.92
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$1,894.44
- Costs to cover
- 19.469%
- Break-even
- 222.2 days
Slippage from KuCoin: live order book, 34 min ago; BloFin: live order book, 59 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, 34 min ago | 7.93 bp | 839.0 bp −$839 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 59 min ago | 1.21 bp | 26.1 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
THE on 9 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 THE_USDT | +0.0100% | 4h | 0.08210 | +0.061% | $66K | $76K | 10x | as long as short |
| KuCoin THEUSDTMlong | +0.0100% | 4h | 0.08205 | long leg | $113K | $108K | 10x | |
| Bitget THEUSDT | +0.0100% | 4h | 0.08193 | −0.146% | $415K | $393K | 10x | as long as short |
| Aster THEUSDT | +0.0291% | 4h | 0.08197 | −0.099% | $5K | $12K | 5x | as long as short |
| Binance THEUSDT | +0.0331% | 4h | 0.08204 | −0.014% | $2.2M | $4.8M | 10x | as long as short |
| MEXC THE_USDT | +0.0336% | 4h | 0.08201 | −0.049% | $198K | $145K | 50x | as long as short |
| BloFin THE-USDTshort | +0.0393% | 4h | 0.08204 | −0.012% | $142K | $5K | 50x | |
| Bybit THEUSDT | +0.1204% | 4h | 0.08203 | −0.024% | $554K | $451K | 20x | as long as short |
| BingX THE-USDT | +0.1452% | 4h | 0.08193 | −0.146% | — | $6.5M | — | as long as short |
Gate THE_USDT
Bitget THEUSDT
Aster THEUSDT
Binance THEUSDT
MEXC THE_USDT
Bybit THEUSDT
BingX THE-USDT