Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 986.11 | −0.0037 | get 0.0018% / 4h | 2h 07m | $282K | $45K | 100x | Long BloFin | |
| SHORT | 980.10 | +0.0229 | get 0.0686% / 24h | 4h 07m | $186K | $1.6M | 4.5x | Short Kalshi |
Price gap−0.609%
Funding gap+0.0265% /8h
Funding pays +$8 a day on $10k, but the gap is 0.508% under its 7d average: −$51 if it goes back, about 6.4 days of funding. At the last 7 days' pace that is about 49 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$7+0.0265% /8h now · paid +0.073% over the last 7D
Price−$51spread −0.609% now, avg −0.101% → −0.508% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$44−0.44%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.073% in total, about +0.0035%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.609%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hXPD on 19 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Kalshi’s order book right now.
- Note: Margin at max leverage$100 + $2,181BloFin 100x, Kalshi 4.5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 24hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$7.95Long BloFin: 6 payments, +$1.10; short Kalshi: 1 payment, +$6.86.
- Watch: Gap narrower than usual−0.609% vs −0.101%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$186K vs $282K OIKalshi sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBloFin Limited · Kalshi YesA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0035%/8h × 21 periods+$7.30
Price spread−0.609% → −0.101% (7d avg)−$50.84
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee BloFin bp × 2 orders−$12.00
Fee Kalshi bp × 2 orders−$0.48
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: BloFin: live order book, 43 min ago; Kalshi: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBloFin0.108.6 bp−$9doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTKalshi570.42doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.