Funding you earn now, next payment 08:00 UTC−0.0137%/8h= −15.0% APRnext payment −$1.37 per $10,000 · paid last 24h −0.065%
Price spread now: BloFin against KuCoin−0.106%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$229as in the Funding arb table
Net, price: spread back to 7d avg − costs−$238as in the Price arb table
costs, in and out, $10k−$2282.280% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)+0.399%+$40 · spread now −0.106%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.100% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MINAUSDTM | 0.1323 | 0.0055 | pay 0.0055% / 8h | 2h 10m | $775K | $481K | 30x |
| Short | BloFin MINA-USDT | 0.1322 | −0.0082 | pay 0.0082% / 8h | 2h 10m | $249K | $191K | 50x |
KuCoin MINAUSDTM
BloFin MINA-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
- −$28.7
- Price spread: −0.106% → −0.006%
- −$10.02
- Slippage, 4 orders
- −$203.98
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$266.7
- Costs to cover
- 2.280%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 59 min ago; BloFin: live order book, 6 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, 59 min ago | 14.35 bp | 82.5 bp −$82 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 0.77 bp | 19.1 bp −$19 | 65.7 bp −$657 | doesn't fit | doesn't fit |
MINA 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MINAUSD | −0.2822% | 1h | 0.1328 | +0.390% | $21K | $64K | 10x | as long as short |
| Bybit MINAUSDT | −0.0665% | 4h | 0.1326 | +0.227% | $4.5M | $5.1M | 25x | as long as short |
| OKX MINA-USDT-SWAP | −0.0521% | 4h | 0.1321 | −0.189% | $1.8M | $13.0M | 20x | as long as short |
| Hyperliquid MINA | −0.0226% | 1h | 0.1322 | −0.097% | $3.3M | $1.6M | 3x | as long as short |
| Gate MINA_USDT | −0.0131% | 8h | 0.1324 | +0.038% | $434K | $723K | 50x | as long as short |
| Bitget MINAUSDT | −0.0096% | 8h | 0.1321 | −0.189% | $1.9M | $3.4M | 50x | as long as short |
| BloFin MINA-USDTshort | −0.0082% | 8h | 0.1322 | −0.106% | $249K | $191K | 50x | |
| Binance MINAUSDT | −0.0067% | 8h | 0.1323 | −0.038% | $4.4M | $25.4M | 50x | as long as short |
| MEXC MINA_USDT | −0.0066% | 8h | 0.1321 | −0.144% | $1.1M | $1.2M | 50x | as long as short |
| BingX MINA-USDT | −0.0043% | 8h | 0.1324 | +0.030% | — | $2.6M | — | as long as short |
Kraken Futures PF_MINAUSD
Bybit MINAUSDT
OKX MINA-USDT-SWAP
Hyperliquid MINA
Gate MINA_USDT
Bitget MINAUSDT
Binance MINAUSDT
MEXC MINA_USDT
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINAUSDTMlong | +0.0055% | 8h | 0.1323 | long leg | $775K | $481K | 30x | |
| Variational Omni MINA | +0.0100% | 4h | 0.1322 | −0.097% | $426K | $68K | — | as long as short |
Variational Omni MINA