Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0049%/8hnext payment −$0.24 per $10,000 · paid last 24h −0.001%

Price spread now: KuCoin against BloFin+0.015%200s7-day average −0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$923as 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−$9189.182% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now +0.015%, 7d avg −0.077%

Together, before fees−0.112%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.092% dearer against BloFin than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.077%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.3 days. At the pace of the last 7 days (−0.046% in total) that is about 14 days. The two prices were read 200 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 BASED-USDT	0.06704	0.0149	pay 0.0074% / 4h	32m 00s	$253K	$36K	25x
Short	KuCoin BASEDUSDTM	0.06705	0.0100	get 0.0050% / 4h	32m 00s	$569K	$106K	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 +0.015%Rate

Funding earned: −$10.25
Price spread: +0.015% → −0.077%: $9.19
Slippage, 4 orders: −$894.18
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$919.25
Costs to cover: 9.182%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; KuCoin: live order book, 3 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, 4 min ago	2.98 bp	20.0 bp −$20	56.1 bp −$561	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	11.94 bp	438.6 bp −$439	912.3 bp −$9,123	doesn't fit	doesn't fit

BASED on 15 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
Aster BASEDUSDT	+0.0100%	4h	0.06708	+0.057%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06712	+0.116%	$4.1M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06700	−0.060%	$2.1M	$564K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06703	−0.015%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06711	+0.104%	$535K	$502K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06710	+0.089%	$4.8M	$607K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06705	+0.015%	$569K	$106K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06703	−0.015%	$1.3M	$402K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06705	+0.015%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06689	−0.231%	$91K	$21K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06706	+0.036%	$95K	$381K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06704	0.000%	$1K	$774K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06711	+0.098%	$5K	$226K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0141%	4h	0.06707	+0.045%	$3K	$801	10x	as long as short
BloFin BASED-USDTlong	+0.0149%	4h	0.06704	long leg	$253K	$36K	25x