Funding you earn now, next payment 00:00 UTC−0.0505%/8h= −55.3% APRnext payment −$2.53 per $10,000 · paid last 24h −0.050%
Price spread now: KuCoin against BloFin+0.017%7-day average −0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$637as in the Funding arb table
Net, price: spread back to 7d avg − costs−$608as in the Price arb table
costs, in and out, $10k−$6186.177% of the position
Funding, last 7 days−0.193%−$19 on $10k
+Price spread, last 3 days (all we have)−0.216%−$22 · spread now +0.017%, 7d avg −0.081%
=The price spread pays, funding is against you. KuCoin is 0.098% dearer against BloFin than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.081%): +$10 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.193% in total) that is about 3.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.193% in total (about -10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin EDGE-USDT | 0.5985 | 0.0681 | pay 0.0341% / 4h | 39m 16s | $650K | $128K | 50x |
| Short | KuCoin EDGEUSDTM | 0.5986 | 0.0176 | get 0.0088% / 4h | 39m 16s | $2.1M | $2.2M | 50x |
BloFin EDGE-USDT
KuCoin EDGEUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$106.14
- Price spread: +0.017% → −0.081%
- $9.77
- Slippage, 4 orders
- −$593.72
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$714.09
- Costs to cover
- 6.177%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 37 min ago; KuCoin: live order book, 2 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, 37 min ago | 5.97 bp | 26.3 bp −$26 | 127.2 bp −$1,272 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 6.68 bp | 386.2 bp −$386 | 947.0 bp −$9,470 | doesn't fit | doesn't fit |
EDGE on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDGE | +0.0096% | 1h | 0.5966 | −0.321% | $55K | $8K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5977 | −0.134% | $7.1M | $3.3M | 25x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5984 | −0.017% | $4.7M | $999K | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5982 | −0.043% | $58K | $100K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5978 | −0.113% | $193K | $131K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5987 | +0.036% | $7K | $1.8M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5994 | +0.150% | $8K | $287K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5946 | −0.652% | $4K | $609K | 10x | as long as short |
| KuCoin EDGEUSDTMshort | +0.0176% | 4h | 0.5986 | +0.017% | $2.1M | $2.2M | 50x | |
| MEXC EDGE_USDT | +0.0622% | 4h | 0.5984 | −0.017% | $1.2M | $915K | 50x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
MEXC EDGE_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended EDGE-USD | +0.0624% | 1h | 0.5982 | −0.051% | $27K | $230K | 5x | as long as short |
| Binance EDGEUSDT | +0.0625% | 4h | 0.5983 | −0.033% | $10.2M | $10.1M | 50x | as long as short |
| Aster EDGEUSDT | +0.0638% | 4h | 0.5986 | +0.019% | $69K | $135K | 5x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0650% | 4h | 0.5984 | −0.017% | $3K | — | 10x | as long as short |
| BloFin EDGE-USDTlong | +0.0681% | 4h | 0.5985 | long leg | $650K | $128K | 50x | |
| OKX EDGE-USDT-SWAP | +0.0738% | 4h | 0.5986 | +0.017% | $3.7M | $5.9M | 20x | as long as short |
| edgeX EDGEUSDC | +0.0772% | 4h | 0.5985 | +0.003% | $14.3M | $3.5M | 30x | as long as short |
Extended EDGE-USD
Binance EDGEUSDT
Aster EDGEUSDT
Orderly PERP_EDGE_USDC
OKX EDGE-USDT-SWAP
edgeX EDGEUSDC