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Funding arb · Price arb /

ONE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.9504%/8h= +1040.7% APRnext payment +$11.88 per $10,000 · paid last 24h −6.247%
Price spread now: KuCoin against BloFin+4.544%605s7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,519as 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−$7607.597% of the position
Long on BloFinShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−17.598%−$1,760 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$285 a day on $10k at the current rate, and KuCoin is 4.544% dearer against BloFin than usual: you sell high and buy low: +$454 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −17.598%, so the current rate has only just turned in your favour. The two prices were read 605 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ONE-USDT0.004621−0.1496get 0.0187% / 1h39m 04s$866K$3.3M50x
ShortKuCoin ONEUSDTM0.0048310.8008get 0.1001% / 1h39m 04s$5.0M$13.1M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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

Funding earned
$1,995.94
Price spread: +4.544% → 0.000%
$454.45
Slippage, 4 orders
−$735.65
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$1,690.74
Costs to cover
7.597%
Break-even
1.1 days
Slippage from BloFin: live order book, 14 min ago; KuCoin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 14 min ago2.19 bp20.7 bp −$2143.6 bp −$436doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago7.10 bp514.5 bp −$515doesn't fitdoesn't fitdoesn't fit

ONE on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ONE-USDT-SWAP−5.7330%1h0.005254+13.694%$6.1M$274.3M10xas long as short
Gate ONE_USDT−0.1897%8h0.004526−2.056%$1.8M$16.4M20xas long as short
BloFin ONE-USDTlong−0.1496%1h0.004621long leg$866K$3.3M50x
Aster ONEUSDT−0.1262%1h0.004569−1.121%$2.4M$5.9M5xas long as short
Bitget ONEUSDT−0.1104%1h0.004588−0.708%$2.0M$35.6M20xas long as short
Binance ONEUSDT−0.0226%1h0.004565−1.208%$15.7M$354.3M50xas long as short
MEXC ONE_USDT−0.0224%1h0.004572−1.054%$12.3M$16.5M20xas long as short
BingX ONE-USDT−0.0032%1h0.004586−0.760%—$6.5M—as long as short
Variational Omni ONE+0.0100%1h0.004601−0.441%$112K$55K—as long as short
KuCoin ONEUSDTMshort+0.8008%1h0.004831+4.544%$5.0M$13.1M30x