ALT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.12 per $10,000 · paid last 24h +0.001%

Price spread now: BloFin against KuCoin0.000%50s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$885as 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−$8858.847% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.187%+$19 · spread now 0.000%, 7d avg −0.014%

Together, before fees+0.180%+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. 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	KuCoin ALTUSDTM	0.007456	0.0100	pay 0.0050% / 4h	44m 21s	$145K	$18K	30x
Short	BloFin ALT-USDT	0.007456	0.0075	get 0.0038% / 4h	44m 21s	$128K	$6K	50x

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 0.000%Rate

Funding earned: −$5.23
Price spread: 0.000% → −0.014%: $1.4
Slippage, 4 orders: −$860.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$888.55
Costs to cover: 8.847%
Break-even: never at this rate

Slippage from KuCoin: live order book, 42 min ago; BloFin: live order book, 53 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, 42 min ago	10.07 bp	283.5 bp −$283	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 53 min ago	0.67 bp	15.1 bp −$15	49.8 bp −$498	doesn't fit	doesn't fit

ALT on 14 exchanges

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 ALT_USDC-PERPETUAL	0.0000%	1h	0.007454	−0.027%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+3.152%	$837	$22	5.5x	as long as short
BloFin ALT-USDTshort	+0.0075%	4h	0.007456	0.000%	$128K	$6K	50x
Variational Omni ALT	+0.0091%	4h	0.007438	−0.247%	$4K	$9K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007447	−0.121%	$1.1M	$120K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007454	−0.027%	$2.6M	$3.3M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007446	−0.134%	$1.2M	$1.6M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007456	0.000%	$51K	$363K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007455	−0.013%	$376K	$163K	50x	as long as short
KuCoin ALTUSDTMlong	+0.0100%	4h	0.007456	long leg	$145K	$18K	30x

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007441	−0.201%	$593K	$133K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007449	−0.094%	—	$1.3M	—	as long as short
Kraken Futures PF_ALTUSD	+0.0495%	1h	0.007455	−0.010%	$45K	$10K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0552%	1h	0.007580	+1.663%	$14K	$2K	50x	as long as short