Funding you earn now, next payment 12:00 UTC+0.0411%/8h= +45.0% APRnext payment +$2.05 per $10,000 · paid last 24h +0.113%
Price spread now: BloFin against KuCoin+0.033%95s7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$233as 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−$2602.597% of the position
Funding, last 7 days+0.267%+$27 on $10k
+Price spread, last 4 days (all we have)+0.210%+$21 · spread now +0.033%, 7d avg +0.080%
=Funding pays, the price is against you. BloFin is 0.047% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.033% now, against its 7-day average of +0.080%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.267% in total) that is about 30 hours. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.267% in total (about 13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.05 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin EDGEUSDTM | 0.6058 | 0.0162 | pay 0.0081% / 4h | 1h 01m | $2.2M | $2.2M | 50x |
| Short | BloFin EDGE-USDT | 0.6060 | 0.0573 | get 0.0286% / 4h | 1h 01m | $678K | $86K | 50x |
KuCoin EDGEUSDTM
BloFin EDGE-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
- $86.29
- Price spread: +0.033% → +0.080%
- −$4.7
- Slippage, 4 orders
- −$235.74
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$178.14
- Costs to cover
- 2.597%
- Break-even
- 21.5 days
Slippage from KuCoin: live order book, 3 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, 3 min ago | 5.77 bp | 122.3 bp −$122 | 943.0 bp −$9,430 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 43 min ago | 0.85 bp | 31.8 bp −$32 | 89.1 bp −$891 | doesn't fit | doesn't fit |
EDGE on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDGE | +0.0096% | 1h | 0.6034 | −0.401% | $45K | $20K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.6045 | −0.215% | $7.3M | $3.0M | 25x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.6055 | −0.050% | $4.8M | $881K | 20x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.6031 | −0.439% | $170K | $143K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.6043 | −0.246% | $4K | $3.8M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.6043 | −0.248% | $9K | $250K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.6022 | −0.594% | $4K | $575K | 10x | as long as short |
| KuCoin EDGEUSDTMlong | +0.0162% | 4h | 0.6058 | long leg | $2.2M | $2.2M | 50x | |
| edgeX EDGEUSDC | +0.0437% | 4h | 0.6042 | −0.260% | $14.6M | $3.9M | 30x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0458% | 4h | 0.6061 | +0.050% | $3.8M | $5.4M | 20x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
Bitget EDGEUSDT
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
edgeX EDGEUSDC
OKX EDGE-USDT-SWAPShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster EDGEUSDT | +0.0551% | 4h | 0.6048 | −0.162% | $60K | $116K | 5x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0555% | 1h | 0.6053 | −0.086% | $55K | $116K | 3.3x | as long as short |
| Extended EDGE-USD | +0.0568% | 1h | 0.6059 | +0.016% | $31K | $271K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0570% | 4h | 0.6053 | −0.083% | $1.1M | $744K | 50x | as long as short |
| BloFin EDGE-USDTshort | +0.0573% | 4h | 0.6060 | +0.033% | $678K | $86K | 50x | |
| Binance EDGEUSDT | +0.0577% | 4h | 0.6059 | +0.013% | $10.6M | $9.7M | 50x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0661% | 4h | 0.6060 | +0.033% | $3K | $1K | 10x | as long as short |
Aster EDGEUSDT
Backpack EDGE_USDC_PERP
Extended EDGE-USD
MEXC EDGE_USDT
Binance EDGEUSDT
Orderly PERP_EDGE_USDC