COIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h −0.010%

Price spread now: KuCoin against BloFin−0.046%50s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as 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−$1791.787% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.046%, 7d avg −0.003%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.043% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.003%). Swap the legs. The two prices were read 50 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 COIN-USDT	196.76	0.0120	pay 0.0120% / 8h	3h 18m	$188K	$393K	20x
Short	KuCoin COINUSDTM	196.67	0.0100	get 0.0100% / 8h	3h 18m	$991K	$143K	20x

Funding 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 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 BloFinbpFee KuCoinbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$4.2
Price spread: −0.046% → −0.003%: −$4.29
Slippage, 4 orders: −$154.65
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$187.14
Costs to cover: 1.787%
Break-even: never at this rate

Slippage from BloFin: live order book, 12 min ago; KuCoin: live order book, 6 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, 12 min ago	1.02 bp	8.5 bp −$8	14.7 bp −$147	32.4 bp −$3,242	doesn't fit
Sell KuCoin live order book, 6 min ago	13.50 bp	76.2 bp −$76	doesn't fit	doesn't fit	doesn't fit

COIN on 26 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
Bitget COINUSDT	−0.0732%	8h	196.81	+0.025%	$6.2M	$10.5M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.73	−0.015%	$43K	$48K	30x	as long as short
Gate COIN_USDT	−0.0221%	8h	196.71	−0.025%	$1.2M	$7.3M	50x	as long as short
Vest COIN-USD-PERP	−0.0108%	1h	196.12	−0.325%	—	$262K	25x	as long as short
Aster COINUSDT	0.0000%	8h	196.68	−0.042%	$343K	$890K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	196.72	−0.022%	$116K	$659K	10x	as long as short
Binance COINUSDT	0.0000%	8h	196.77	+0.005%	$14.7M	$80.3M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.70	−0.030%	$4.8M	$6.0M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.67	−0.046%	$3.0M	$4.7M	20x	as long as short
Variational Omni COIN	0.0000%	8h	196.75	−0.005%	$683K	$939K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	196.74	−0.008%	$12K	$2.4M	10x	as long as short
QFEX COIN-USD	+0.0020%	1h	196.68	−0.041%	$1.3M	$3.2M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.72	−0.020%	$455K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.76	0.000%	$15K	$55K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.64	−0.061%	$15.3M	$13.6M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.59	−0.086%	$133K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.72	−0.020%	$89	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.59	−0.086%	$359K	$2.7M	10x	as long as short
Lighter COIN	+0.0064%	1h	196.76	+0.001%	$385K	$2.1M	10x	as long as short
KuCoin COINUSDTMshort	+0.0100%	8h	196.67	−0.046%	$991K	$143K	20x
ApeX Omni COINUSDT	+0.0100%	1h	196.62	−0.071%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.74	−0.010%	$569	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.74	−0.012%	$116	—	10x	as long as short
BloFin COIN-USDTlong	+0.0120%	8h	196.76	long leg	$188K	$393K	20x
Phoenix COIN	+0.0122%	1h	196.78	+0.010%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0864%	4h	196.61	−0.076%	$51K	$295K	10x	as long as short