INIT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.20 per $10,000 · paid last 24h +0.004%

Price spread now: BloFin against KuCoin−0.023%95s7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,376as 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−$1,37613.762% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.023%, 7d avg +0.054%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.078% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.054%). Swap the legs. The two prices were read 95 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 INITUSDTM	0.08580	0.0100	pay 0.0050% / 4h	1h 07m	$341K	$37K	25x
Short	BloFin INIT-USDT	0.08578	0.0059	get 0.0030% / 4h	1h 07m	$156K	$30K	25x

Funding 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 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 KuCoinbpFee BloFinbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$8.6
Price spread: −0.023% → +0.054%: −$7.76
Slippage, 4 orders: −$1,352.22
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1,392.57
Costs to cover: 13.762%
Break-even: never at this rate

Slippage from KuCoin: live order book, 27 min ago; BloFin: live order book, 29 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, 27 min ago	17.12 bp	1022.0 bp −$1,022	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 29 min ago	2.35 bp	28.7 bp −$29	68.3 bp −$683	doesn't fit	doesn't fit

INIT on 13 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
Kraken Futures PF_INITUSD	−0.0297%	1h	0.08567	−0.151%	$5K	$13K	10x	as long as short
BloFin INIT-USDTshort	+0.0059%	4h	0.08578	−0.023%	$156K	$30K	25x
Hyperliquid INIT	+0.0100%	1h	0.08563	−0.198%	$319K	$131K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08573	−0.087%	$28K	$5K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08566	−0.168%	$3.5M	$2.4M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08557	−0.268%	$1.5M	$1.1M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08583	+0.035%	$142K	$407K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08568	−0.140%	$83K	$11K	25x	as long as short
MEXC INIT_USDT	+0.0100%	4h	0.08567	−0.152%	$437K	$128K	20x	as long as short
KuCoin INITUSDTMlong	+0.0100%	4h	0.08580	long leg	$341K	$37K	25x

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget INITUSDT	+0.0100%	4h	0.08571	−0.105%	$423K	$214K	25x	as long as short
BingX INIT-USDT	+0.0100%	4h	0.08564	−0.186%	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	0.08571	−0.107%	$27K	$2K	—	as long as short