Settings8H · net · $10k
Funding arb · Price arb /

TURTLE

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.013%
Price spread now: KuCoin against BloFin−0.115%110s7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,900as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1,89918.986% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.013%−$1 on $10k
Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.115%, 7d avg −0.070%
Together, before fees+0.118%+$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.045% cheaper against BloFin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.070%. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin TURTLE-USDT0.043480.0092pay 0.0046% / 4h2h 37m$102K$7K20x
ShortKuCoin TURTLEUSDTM0.043430.0100get 0.0050% / 4h2h 37m$176K$104K20x

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

Funding earned
$1.7
Price spread: −0.115% → −0.070%
−$4.51
Slippage, 4 orders
−$1,874.55
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,901.36
Costs to cover
18.986%
Break-even
7819.4 days
Slippage from BloFin: live order book, 41 min ago; KuCoin: live order book, 18 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 41 min ago1.14 bp29.3 bp −$29doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 18 min ago26.28 bp854.3 bp −$854doesn't fitdoesn't fitdoesn't fit

TURTLE on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin TURTLE-USDTlong+0.0092%4h0.04348long leg$102K$7K20x
Aster TURTLEUSDT+0.0100%4h0.04342−0.148%$2K$2135xas long as short
Binance TURTLEUSDT+0.0100%4h0.043480.000%$1.6M$831K20xas long as short
Bybit TURTLEUSDT+0.0100%4h0.04342−0.138%$152K$29K25xas long as short
Gate TURTLE_USDT+0.0100%8h0.04344−0.092%$90K$21K20xas long as short
MEXC TURTLE_USDT+0.0100%4h0.043480.000%$218K$90K20xas long as short
KuCoin TURTLEUSDTMshort+0.0100%4h0.04343−0.115%$176K$104K20x
BingX TURTLE-USDT+0.0100%4h0.04342−0.138%$6.5Mas long as short
Variational Omni TURTLE+0.0100%4h0.04368+0.467%$1K$944as long as short