Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against KuCoin−0.438%65s7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$478as 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−$4774.765% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 3 days (all we have)+0.381%+$38 · spread now −0.438%, 7d avg −0.043%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.395% cheaper against KuCoin than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.043%). Swap the legs. The two prices were read 65 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 COMPUSDTM | 22.850 | 0.0100 | pay 0.0100% / 8h | 7h 26m | $461K | $91K | 30x |
| Short | BloFin COMP-USDT | 22.750 | 0.0076 | get 0.0076% / 8h | 7h 26m | $237K | $159K | 20x |
KuCoin COMPUSDTM
BloFin COMP-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.04
- Price spread: −0.438% → −0.043%
- −$39.46
- Slippage, 4 orders
- −$452.53
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$521.02
- Costs to cover
- 4.765%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 26 min ago; BloFin: live order book, 39 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, 26 min ago | 8.85 bp | 233.4 bp −$233 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 39 min ago | 4.43 bp | 20.0 bp −$20 | 38.8 bp −$388 | 280.8 bp −$28.1K | doesn't fit |
COMP on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COMPUSD | −0.0674% | 1h | 22.854 | +0.016% | $230K | $91K | 20x | as long as short |
| Deribit COMP_USDC-PERPETUAL | −0.0625% | 1h | 22.830 | −0.088% | $333 | $327 | 50x | as long as short |
| dYdX COMP-USD | 0.0000% | 1h | 22.826 | −0.104% | $69K | — | 5x | as long as short |
| Injective COMP/USDC PERP | +0.0033% | 1h | 22.340 | −2.232% | $2K | $13K | 12x | as long as short |
| BloFin COMP-USDTshort | +0.0076% | 8h | 22.750 | −0.438% | $237K | $159K | 20x | |
| Hyperliquid COMP | +0.0100% | 1h | 22.845 | −0.022% | $868K | $416K | 5x | as long as short |
| Binance COMPUSDT | +0.0100% | 8h | 22.823 | −0.117% | $4.3M | $6.9M | 75x | as long as short |
| Bybit COMPUSDT | +0.0100% | 8h | 22.848 | −0.009% | $3.9M | $1.9M | 75x | as long as short |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.850 | 0.000% | $1.6M | $2.1M | 20x | as long as short |
| Gate COMP_USDT | +0.0100% | 8h | 22.810 | −0.175% | $222K | $64K | 25x | as long as short |
Kraken Futures PF_COMPUSD
Deribit COMP_USDC-PERPETUAL
dYdX COMP-USD
Injective COMP/USDC PERP
Hyperliquid COMP
Binance COMPUSDT
Bybit COMPUSDT
OKX COMP-USDT-SWAP
Gate COMP_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC COMP_USDT | +0.0100% | 8h | 22.820 | −0.131% | $2.8M | $792K | 20x | as long as short |
| KuCoin COMPUSDTMlong | +0.0100% | 8h | 22.850 | long leg | $461K | $91K | 30x | |
| Bitget COMPUSDT | +0.0100% | 8h | 22.860 | +0.044% | $1.9M | $615K | 75x | as long as short |
| BingX COMP-USDT | +0.0100% | 8h | 22.850 | 0.000% | — | $36.0M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.831 | −0.082% | $15K | $31K | — | as long as short |
| Coinbase International COMP-PERP-INTX | +0.0200% | 1h | 22.820 | −0.131% | $17K | $50K | 25x | as long as short |
MEXC COMP_USDT
Bitget COMPUSDT
BingX COMP-USDT
Variational Omni COMP
Coinbase International COMP-PERP-INTX