Funding you earn now, next payment 12:00 UTC+0.2398%/8h= +262.6% APRnext payment +$11.99 per $10,000 · paid last 24h +0.187%
Price spread now: BloFin against KuCoin+0.126%65s7-day average +0.247% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,862as 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−$1,94019.401% of the position
Funding, last 7 days+0.783%+$78 on $10k
+Price spread, last 4 days (all we have)+0.214%+$21 · spread now +0.126%, 7d avg +0.247%
=Funding pays, the price is against you. BloFin is 0.121% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.126% now, against its 7-day average of +0.247%). If the spread goes back, that is −$12 on $10k: about 4 hours of funding at the current rate (+$72 a day). At the pace of the last 7 days (+0.783% in total) that is about 26 hours. The two prices were read 65 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 0.783% in total (about 40.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.99 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 XNYUSDTM | 0.006357 | 0.0100 | pay 0.0050% / 4h | 3h 44m | $303K | $16K | 10x |
| Short | BloFin XNY-USDT | 0.006365 | 0.2498 | get 0.1249% / 4h | 3h 44m | $228K | $6K | 10x |
KuCoin XNYUSDTM
BloFin XNY-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
- $503.63
- Price spread: +0.126% → +0.247%
- −$12.12
- Slippage, 4 orders
- −$1,916.14
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$1,448.63
- Costs to cover
- 19.401%
- Break-even
- 27.1 days
Slippage from KuCoin: live order book, 48 min ago; BloFin: live order book, 22 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, 48 min ago | 43.99 bp | 969.2 bp −$969 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 22 min ago | 6.29 bp | 28.2 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
XNY 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit XNYUSDT | +0.0100% | 4h | 0.006358 | +0.016% | $440K | $37K | 5x | as long as short |
| KuCoin XNYUSDTMlong | +0.0100% | 4h | 0.006357 | long leg | $303K | $16K | 10x | |
| Variational Omni XNY | +0.0100% | 4h | 0.006362 | +0.086% | $52K | $2K | — | as long as short |
| Gate XNY_USDT | +0.0224% | 4h | 0.006383 | +0.409% | $214K | $16K | 10x | as long as short |
| Aster XNYUSDT | +0.2068% | 4h | 0.006352 | −0.076% | $6K | $6K | 5x | as long as short |
| BingX XNY-USDT | +0.2428% | 4h | 0.006355 | −0.031% | — | $1.3M | — | as long as short |
| BloFin XNY-USDTshort | +0.2498% | 4h | 0.006365 | +0.126% | $228K | $6K | 10x | |
| Binance XNYUSDT | +0.2531% | 4h | 0.006357 | 0.000% | $3.7M | $1.1M | 10x | as long as short |
| MEXC XNY_USDT | +0.2534% | 4h | 0.006357 | 0.000% | $191K | $102K | 100x | as long as short |
Bybit XNYUSDT
Variational Omni XNY
Gate XNY_USDT
Aster XNYUSDT
BingX XNY-USDT
Binance XNYUSDT
MEXC XNY_USDT