VIRTUAL

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 +0.072%

Price spread now: BloFin against KuCoin−0.069%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.421%+$42 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.069%, 7d avg −0.022%

Together, before fees+0.402%+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.047% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.022%). If the spread goes back, that is −$5 on $10k: about 16 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VIRTUALUSDTM	0.7257	0.0100	pay 0.0050% / 4h	2h 49m	$4.3M	$4.2M	50x
Short	BloFin VIRTUAL-USDT	0.7252	0.0340	get 0.0170% / 4h	2h 49m	$826K	$858K	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 −0.069%Rate

Funding earned: $50.4
Price spread: −0.069% → −0.022%: −$4.73
Slippage, 4 orders: −$42.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$20.58
Costs to cover: 0.662%
Break-even: 9.9 days

Slippage from KuCoin: live order book, 3 min ago; BloFin: live order book, 18 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, 3 min ago	2.76 bp	29.1 bp −$29	66.1 bp −$661	doesn't fit	doesn't fit
Sell BloFin live order book, 18 min ago	1.36 bp	8.6 bp −$9	17.3 bp −$173	63.5 bp −$6,352	doesn't fit

VIRTUAL on 33 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
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7247	−0.139%	$24	—	10x	as long as short
01 Exchange VIRTUALUSD	−0.0080%	1h	0.7252	−0.069%	$2K	$131	10x	as long as short
ApeX Omni VIRTUALUSDT	−0.0054%	1h	0.7242	−0.207%	$41K	$244K	50x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0026%	1h	0.7251	−0.083%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0001%	1h	0.7253	−0.059%	$4K	—	150x	as long as short
Phoenix VIRTUAL	+0.0011%	1h	0.7255	−0.022%	$11K	$46K	5x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−1.929%	$46	$88K	5.5x	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0090%	4h	0.7251	−0.083%	$14K	$1.5M	10x	as long as short
Lighter VIRTUAL	+0.0096%	1h	0.7250	−0.102%	$329K	$413K	5x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7263	+0.081%	$8.9M	$4.2M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VIRTUALUSDT	+0.0100%	4h	0.7254	−0.048%	$172K	$194K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7259	+0.030%	$71K	$45K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7261	+0.056%	$16.7M	$41.1M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7262	+0.069%	$16.5M	$17.8M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7258	+0.014%	$2.9M	$9.8M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7257	0.000%	$1.4M	$3.2M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7255	−0.028%	$17.8M	$4.2M	100x	as long as short
KuCoin VIRTUALUSDTMlong	+0.0100%	4h	0.7257	long leg	$4.3M	$4.2M	50x
Bitget VIRTUALUSDT	+0.0100%	4h	0.7262	+0.069%	$6.2M	$6.0M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7256	−0.014%	—	$8.1M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7261	+0.055%	$247K	$176K	10x	as long as short
Variational Omni VIRTUAL	+0.0100%	4h	0.7240	−0.236%	$529K	$898K	—	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7210	−0.643%	$19K	$259K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7230	−0.372%	$640K	$878K	10x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7258	+0.010%	$53K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7248	−0.124%	$1K	$1.4M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7248	−0.117%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7246	−0.155%	$54K	$272K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7250	−0.099%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0300% / S −0.0228%	1h	0.7250	−0.103%	$31K	—	100x	as long as short
BloFin VIRTUAL-USDTshort	+0.0340%	4h	0.7252	−0.069%	$826K	$858K	75x
Coinbase International VIRTUAL-PERP-INTX	+0.0440%	1h	0.7251	−0.083%	$197K	$93K	50x	as long as short
Kraken Futures PF_VIRTUALUSD	+0.1017%	1h	0.7259	+0.032%	$600K	$661K	50x	as long as short