Funding you earn now, next payment 12:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.20 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against KuCoin−0.082%65s7-day average +0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$472as 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−$4684.680% of the position
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.082%, 7d avg +0.086%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.168% cheaper against KuCoin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.086%). Swap the legs. The two prices were read 65 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 MASKUSDTM | 0.4881 | 0.0100 | pay 0.0050% / 4h | 3h 36m | $599K | $154K | 50x |
| Short | BloFin MASK-USDT | 0.4877 | 0.0059 | get 0.0030% / 4h | 3h 36m | $126K | $15K | 50x |
KuCoin MASKUSDTM
BloFin MASK-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
- −$8.57
- Price spread: −0.082% → +0.086%
- −$16.77
- Slippage, 4 orders
- −$444.04
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$493.38
- Costs to cover
- 4.680%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 58 min ago; BloFin: live order book, 20 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, 58 min ago | 10.24 bp | 204.4 bp −$204 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 20 min ago | 3.08 bp | 13.6 bp −$14 | 38.2 bp −$382 | doesn't fit | doesn't fit |
MASK on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MASK-USDTshort | +0.0059% | 4h | 0.4877 | −0.082% | $126K | $15K | 50x | |
| Binance MASKUSDT | +0.0100% | 4h | 0.4874 | −0.143% | $2.5M | $3.9M | 50x | as long as short |
| Bybit MASKUSDT | +0.0100% | 4h | 0.4877 | −0.082% | $1.3M | $750K | 50x | as long as short |
| OKX MASK-USDT-SWAP | +0.0100% | 8h | 0.4872 | −0.184% | $522K | $841K | 20x | as long as short |
| Gate MASK_USDT | +0.0100% | 8h | 0.4876 | −0.102% | $279K | $117K | 50x | as long as short |
| MEXC MASK_USDT | +0.0100% | 8h | 0.4872 | −0.184% | $1.0M | $213K | 50x | as long as short |
| KuCoin MASKUSDTMlong | +0.0100% | 4h | 0.4881 | long leg | $599K | $154K | 50x | |
| Bitget MASKUSDT | +0.0100% | 4h | 0.4874 | −0.143% | $526K | $334K | 50x | as long as short |
| BingX MASK-USDT | +0.0100% | 4h | 0.4876 | −0.102% | — | $2.3M | — | as long as short |
| Variational Omni MASK | +0.0100% | 4h | 0.4876 | −0.098% | $23K | $31 | — | as long as short |
Binance MASKUSDT
Bybit MASKUSDT
OKX MASK-USDT-SWAP
Gate MASK_USDT
MEXC MASK_USDT
Bitget MASKUSDT
BingX MASK-USDT
Variational Omni MASK