Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h −0.015%
Price spread now: KuCoin against BloFin−0.066%80s7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$266as 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−$2572.574% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)−0.104%−$10 · spread now −0.066%, 7d avg −0.035%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.032% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.035%). Swap the legs. The two prices were read 80 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 BE-USDT | 271.78 | 0.0120 | pay 0.0120% / 8h | 1h 48m | $45K | $146K | 20x |
| Short | KuCoin BEUSDTM | 271.60 | 0.0100 | get 0.0100% / 8h | 1h 48m | $367K | $18K | 20x |
BloFin BE-USDT
KuCoin BEUSDTMFunding 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
- −$4.2
- Price spread: −0.066% → −0.035%
- −$3.15
- Slippage, 4 orders
- −$233.43
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$264.79
- Costs to cover
- 2.574%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 26 min ago; KuCoin: live order book, 70 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, 26 min ago | 1.65 bp | 10.1 bp −$10 | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 70 min ago | 18.73 bp | 90.8 bp −$91 | doesn't fit | doesn't fit | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit BE_USDC-PERPETUAL | −0.0486% | 1h | 271.53 | −0.092% | $6K | $4K | 10x | as long as short |
| Gate BE_USDT | −0.0066% | 8h | 271.40 | −0.140% | $1.4M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | −0.0046% | 8h | 271.87 | +0.033% | $1.6M | $2.6M | 20x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 272.02 | +0.088% | $342K | $122K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 271.34 | −0.164% | $46K | $253K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 271.24 | −0.198% | $8.2M | $37.1M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 271.54 | −0.088% | $2.6M | $6.9M | 25x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 271.51 | −0.100% | $7K | $157K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 271.81 | +0.011% | $1K | $2.3M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 271.84 | +0.022% | $13K | $35K | 20x | as long as short |
Deribit BE_USDC-PERPETUAL
Gate BE_USDT
Bitget BEUSDT
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
OKX BE-USDT-SWAP
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BE | +0.0032% | 1h | 271.68 | −0.037% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 271.68 | −0.037% | $242K | $297K | 10x | as long as short |
| QFEX BE-USD | +0.0040% | 1h | 271.53 | −0.092% | $1.3M | $2.4M | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 271.45 | −0.121% | $113K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 271.40 | −0.140% | — | — | 10x | as long as short |
| Bybit BEUSDT | +0.0049% | 8h | 271.63 | −0.055% | $2.0M | $1.1M | 25x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0056% | 1h | 270.59 | −0.438% | $473K | $130K | 10x | as long as short |
| KuCoin BEUSDTMshort | +0.0100% | 8h | 271.60 | −0.066% | $367K | $18K | 20x | |
| Aevo BE-PERP | +0.0104% | 1h | 271.54 | −0.090% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0109% | 1h | 271.43 | −0.129% | $5.9M | $2.8M | 10x | as long as short |
| BloFin BE-USDTlong | +0.0120% | 8h | 271.78 | long leg | $45K | $146K | 20x |
Lighter BE
Lighter RH BE
QFEX BE-USD
Arcus BE-USD
Vest BE-USD-PERP
Bybit BEUSDT
Coinbase International BE-PERP-INTX
Aevo BE-PERP
tradeXYZ xyz:BE