Funding you earn now, next payment 12:00 UTC−0.0514%/8h= −56.2% APRnext payment −$2.57 per $10,000 · paid last 24h −0.219%
Price spread now: KuCoin against BloFin−0.600%95s7-day average −0.187% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,047as 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−$9999.995% of the position
Funding, last 7 days−0.478%−$48 on $10k
+Price spread, last 4 days (all we have)+0.413%+$41 · spread now −0.600%, 7d avg −0.187%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and KuCoin is 0.413% cheaper against BloFin than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.187%). Swap the legs. The two prices were read 95 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 | BloFin US-USDT | 0.01516 | 0.0048 | pay 0.0024% / 4h | 51m 34s | $458K | $42K | 10x |
| Short | KuCoin USUSDTM | 0.01507 | −0.0466 | pay 0.0233% / 4h | 51m 34s | $3.0M | $753K | 20x |
BloFin US-USDT
KuCoin USUSDTMFunding 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
- −$107.84
- Price spread: −0.600% → −0.187%
- −$41.34
- Slippage, 4 orders
- −$975.48
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,148.66
- Costs to cover
- 9.995%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 52 min ago; KuCoin: live order book, 4 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, 52 min ago | 2.33 bp | 38.5 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 30.05 bp | 505.2 bp −$505 | doesn't fit | doesn't fit | doesn't fit |
US on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTMshort | −0.0466% | 4h | 0.01507 | −0.600% | $3.0M | $753K | 20x | |
| BloFin US-USDTlong | +0.0048% | 4h | 0.01516 | long leg | $458K | $42K | 10x | |
| Binance USUSDT | +0.0100% | 4h | 0.01513 | −0.174% | $8.5M | $3.9M | 10x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01516 | −0.007% | $3.0M | $1.3M | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01511 | −0.310% | $1.9M | $769K | 20x | as long as short |
| MEXC US_USDT | +0.0100% | 4h | 0.01513 | −0.172% | $5.1M | $136K | 100x | as long as short |
| Bitget USUSDT | +0.0100% | 4h | 0.01514 | −0.106% | $4.0M | $350K | 10x | as long as short |
| BingX US-USDT | +0.0100% | 4h | 0.01515 | −0.066% | — | $1.3M | — | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01522 | +0.382% | $14K | $2K | — | as long as short |
| Extended US-USD | +0.0104% | 1h | 0.01512 | −0.222% | $4K | $209K | 5x | as long as short |
Binance USUSDT
Bybit USUSDT
Gate US_USDT
MEXC US_USDT
Bitget USUSDT
BingX US-USDT
Variational Omni US
Extended US-USDShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster USUSDT | +0.0316% | 4h | 0.01514 | −0.119% | $15K | $49K | 5x | as long as short |
Aster USUSDT