Funding you earn now, next payment 08:00 UTC−0.1431%/8h= −156.7% APRnext payment −$7.16 per $10,000 · paid last 24h −0.277%
Price spread now: BloFin against KuCoin+0.905%80s7-day average +0.795% · you sell dearer than you buy
Net, funding: paid 7d − costs−$538as 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−$3143.145% of the position
Funding, last 7 days−2.236%−$224 on $10k
+Price spread, last 4 days (all we have)−0.340%−$34 · spread now +0.905%, 7d avg +0.795%
=The price spread pays, funding is against you. BloFin is 0.110% dearer against KuCoin than usual: you sell high and buy low (spread +0.905% now, against its 7-day average of +0.795%): +$11 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 6 hours. The two prices were read 80 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 MUSDTM | 1.3433 | 0.2292 | pay 0.1146% / 4h | 58m 02s | $1.3M | $3.7M | 10x |
| Short | BloFin M-USDT | 1.3555 | 0.0861 | get 0.0430% / 4h | 58m 02s | $345K | $452K | 10x |
KuCoin MUSDTM
BloFin M-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
- −$300.59
- Price spread: +0.905% → +0.795%
- $10.97
- Slippage, 4 orders
- −$290.46
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$604.08
- Costs to cover
- 3.145%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 9 min ago; BloFin: live order book, 23 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, 9 min ago | 4.68 bp | 133.4 bp −$133 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 23 min ago | 0.73 bp | 43.3 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
M 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate M_USDT | +0.0100% | 8h | 1.3538 | +0.779% | $1.8M | $886K | 10x | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.3522 | +0.660% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.3562 | +0.957% | $2K | $859K | 20x | as long as short |
| Bybit MUSDT | +0.0192% | 4h | 1.3564 | +0.972% | $4.2M | $1.8M | 20x | as long as short |
| Aster MUSDT | +0.0537% | 4h | 1.3538 | +0.776% | $13K | $82K | 5x | as long as short |
| MEXC M_USDT | +0.0852% | 4h | 1.3551 | +0.875% | $229K | $106K | 50x | as long as short |
| Binance MUSDT | +0.0853% | 4h | 1.3552 | +0.883% | $5.4M | $4.0M | 10x | as long as short |
| BloFin M-USDTshort | +0.0861% | 4h | 1.3555 | +0.905% | $345K | $452K | 10x | |
| Variational Omni M | +0.1008% | 4h | 1.3693 | +1.933% | $91K | $49K | — | as long as short |
| BingX M-USDT | +0.1130% | 4h | 1.3563 | +0.965% | — | $2.4M | — | as long as short |
Gate M_USDT
Orderly PERP_M_USDC
SunX M-USDT
Bybit MUSDT
Aster MUSDT
MEXC M_USDT
Binance MUSDT
Variational Omni M
BingX M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MUSDT | +0.1196% | 4h | 1.3551 | +0.875% | $1.8M | $251K | 10x | as long as short |
| KuCoin MUSDTMlong | +0.2292% | 4h | 1.3433 | long leg | $1.3M | $3.7M | 10x |
Bitget MUSDT