IO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.04 per $10,000 · paid last 24h +0.004%

Price spread now: BloFin against KuCoin0.000%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$2072.067% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now 0.000%, 7d avg +0.027%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.027% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IOUSDTM	0.1503	0.0100	pay 0.0050% / 4h	3h 16m	$359K	$629K	50x
Short	BloFin IO-USDT	0.1503	0.0109	get 0.0054% / 4h	3h 16m	$193K	$39K	50x

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 0.000%Rate

Funding earned: $1.84
Price spread: 0.000% → +0.027%: −$2.68
Slippage, 4 orders: −$182.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$207.58
Costs to cover: 2.067%
Break-even: 798.3 days

Slippage from KuCoin: live order book, 57 min ago; BloFin: live order book, 4 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, 57 min ago	3.30 bp	92.8 bp −$93	495.5 bp −$4,955	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	6.65 bp	30.0 bp −$30	76.3 bp −$763	479.7 bp −$48.0K	doesn't fit

IO on 14 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
Hyperliquid IO	+0.0100%	1h	0.1503	+0.013%	$1.0M	$367K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1503	0.000%	$23K	$48K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1502	−0.067%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1501	−0.160%	$1.1M	$898K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1503	+0.020%	$229K	$556K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1502	−0.067%	$1.2M	$231K	125x	as long as short
KuCoin IOUSDTMlong	+0.0100%	4h	0.1503	long leg	$359K	$629K	50x
Bitget IOUSDT	+0.0100%	4h	0.1502	−0.067%	$1.3M	$1.3M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1502	−0.067%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1500	−0.184%	$32K	$14K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1503	−0.027%	$1K	$133K	5x	as long as short
BloFin IO-USDTshort	+0.0109%	4h	0.1503	0.000%	$193K	$39K	50x
Injective IO/USDC PERP	+0.0193%	1h	0.1502	−0.067%	$2K	$201	5.5x	as long as short
Kraken Futures PF_IOUSD	+1.6691%	1h	0.1505	+0.114%	$39K	$10K	10x	as long as short