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

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0429%/8h= +47.0% APRnext payment +$2.14 per $10,000 · paid last 24h +0.100%
Price spread now: BloFin against KuCoin+0.171%7-day average +0.160% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,249as in the Price arb table
costs, in and out, $10k−$1,25012.497% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.372%+$37 on $10k
Price spread, last 4 days (all we have)+0.025%+$3 · spread now +0.171%, 7d avg +0.160%
Together, before fees+0.397%+$40 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.160%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin USUSDTM0.016360.0100pay 0.0050% / 4h1h 37m$4.1M$289K20x
ShortBloFin US-USDT0.016390.0529get 0.0264% / 4h1h 37m$481K$49K10x

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

Funding earned
$90.05
Price spread: +0.171% → +0.160%
$1.08
Slippage, 4 orders
−$1,225.67
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$1,158.55
Costs to cover
12.497%
Break-even
97.1 days
Slippage from KuCoin: live order book, just now; BloFin: live order book, 4 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 KuCoin live order book, just now17.43 bp664.8 bp −$665doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 4 min ago2.44 bp36.3 bp −$3665.0 bp −$650doesn't fitdoesn't fit

US on 11 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
Bybit USUSDT+0.0100%4h0.01637+0.098%$3.2M$915K20xas long as short
Gate US_USDT+0.0100%4h0.01636+0.024%$2.1M$592K20xas long as short
KuCoin USUSDTMlong+0.0100%4h0.01636long leg$4.1M$289K20x
Variational Omni US+0.0100%4h0.01640+0.237%$16K$3Kas long as short
Bitget USUSDT+0.0442%4h0.01641+0.318%$4.3M$256K10xas long as short
BingX US-USDT+0.0470%4h0.01639+0.165%$1.3Mas long as short
Aster USUSDT+0.0479%4h0.01639+0.172%$12K$54K5xas long as short
Extended US-USD+0.0488%1h0.01638+0.144%$1K$97K5xas long as short
MEXC US_USDT+0.0488%4h0.01638+0.116%$5.5M$112K100xas long as short
Binance USUSDT+0.0489%4h0.01638+0.133%$9.1M$3.3M10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin US-USDTshort+0.0529%4h0.01639+0.171%$481K$49K10x