Funding you earn now, next payment 08:00 UTC−0.0019%/8h= −2.0% APRpaid last 24h −0.004%
Price spread now: BloFin against KuCoin−0.608%65s7-day average −0.424% · you buy dearer than you sell
Net, funding: paid 7d − costs−$801as 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−$7987.983% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.608%, 7d avg −0.424%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.184% cheaper against KuCoin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.424%). 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 DEEPUSDTM | 0.01975 | 0.0100 | pay 0.0050% / 4h | 3h 46m | $1.8M | $94K | 20x |
| Short | BloFin DEEP-USDT | 0.01963 | 0.0081 | get 0.0081% / 8h | 3h 46m | $136K | $33K | 50x |
KuCoin DEEPUSDTM
BloFin DEEP-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
- −$3.89
- Price spread: −0.608% → −0.424%
- −$18.39
- Slippage, 4 orders
- −$774.33
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$820.61
- Costs to cover
- 7.983%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; BloFin: live order book, 43 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, 5 min ago | 20.22 bp | 360.5 bp −$361 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 43 min ago | 2.52 bp | 26.0 bp −$26 | 97.4 bp −$974 | doesn't fit | doesn't fit |
DEEP on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin DEEP-PERP | −0.7708% | 1h | 0.01954 | −1.063% | $80K | $13K | 20x | as long as short |
| BloFin DEEP-USDTshort | +0.0081% | 8h | 0.01963 | −0.608% | $136K | $33K | 50x | |
| Binance DEEPUSDT | +0.0100% | 4h | 0.01975 | −0.013% | $2.1M | $6.1M | 50x | as long as short |
| Bybit DEEPUSDT | +0.0100% | 8h | 0.01965 | −0.506% | $4.2M | $2.8M | 50x | as long as short |
| Gate DEEP_USDT | +0.0100% | 4h | 0.01970 | −0.253% | $305K | $88K | 50x | as long as short |
| MEXC DEEP_USDT | +0.0100% | 4h | 0.01974 | −0.051% | $1.1M | $462K | 100x | as long as short |
| KuCoin DEEPUSDTMlong | +0.0100% | 4h | 0.01975 | long leg | $1.8M | $94K | 20x | |
| Bitget DEEPUSDT | +0.0100% | 4h | 0.01973 | −0.101% | $821K | $577K | 50x | as long as short |
| BingX DEEP-USDT | +0.0100% | 4h | 0.01973 | −0.101% | — | $6.6M | — | as long as short |
| Variational Omni DEEP | +0.0100% | 8h | 0.01965 | −0.524% | $13K | $9K | — | as long as short |
Bluefin DEEP-PERP
Binance DEEPUSDT
Bybit DEEPUSDT
Gate DEEP_USDT
MEXC DEEP_USDT
Bitget DEEPUSDT
BingX DEEP-USDT
Variational Omni DEEPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended DEEP-USD | +0.0104% | 1h | 0.01973 | −0.080% | $4K | $199K | 5x | as long as short |
| Kraken Futures PF_DEEPUSD | +0.2218% | 1h | 0.01973 | −0.120% | $7K | $9K | 10x | as long as short |
Extended DEEP-USD
Kraken Futures PF_DEEPUSD