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Funding arb · Price arb /

ONE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.3745%/8h= +410.1% APRnext payment +$4.68 per $10,000 · paid last 24h +2.552%
Price spread now: BloFin against KuCoin−3.422%7-day average −3.359% · you buy dearer than you sell
Net, funding: paid 7d − costs+$1,113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$639as in the Price arb table
costs, in and out, $10k−$6336.327% of the position
Long on KuCoinShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+17.461%+$1,746 on $10k
Price spread, last 4 days (all we have)+3.333%+$333 · spread now −3.422%, 7d avg −3.359%
Together, before fees+20.794%+$2,079 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.063% cheaper against KuCoin than usual: you would sell low and buy high (spread −3.422% now, against its 7-day average of −3.359%). If the spread goes back, that is −$6 on $10k: about 1 hour of funding at the current rate (+$112 a day). At the pace of the last 7 days (+17.461% in total) that is about under an hour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ONEUSDTM0.003910−0.4656get 0.0582% / 1h10m 32s$3.6M$11.6M30x
ShortBloFin ONE-USDT0.003776−0.0911pay 0.0114% / 1h10m 32s$801K$1.9M50x

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

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$786.46
Price spread: −3.422% → −3.359%
−$6.3
Slippage, 4 orders
−$608.66
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$147.49
Costs to cover
6.327%
Break-even
5.7 days
Slippage from KuCoin: live order book, 8 min ago; BloFin: live order book, 2 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 KuCoin live order book, 8 min ago10.30 bp386.9 bp −$387doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 2 min ago1.85 bp25.4 bp −$25doesn'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−5.7806%1h0.005739+46.777%$6.9M$242.8M10xas long as short
KuCoin ONEUSDTMlong−0.4656%1h0.003910long leg$3.6M$11.6M30x
Bitget ONEUSDT−0.1064%1h0.003813−2.471%$1.8M$28.7M20xas long as short
BloFin ONE-USDTshort−0.0911%1h0.003776−3.422%$801K$1.9M50x
Aster ONEUSDT−0.0138%1h0.003775−3.453%$2.0M$5.5M5xas long as short
Gate ONE_USDT−0.0104%8h0.003774−3.478%$1.7M$14.0M20xas long as short
BingX ONE-USDT+0.0040%1h0.003890−0.506%—$5.3M—as long as short
MEXC ONE_USDT+0.0048%1h0.003780−3.325%$11.6M$14.9M20xas long as short
Binance ONEUSDT+0.0056%1h0.003776−3.418%$13.3M$316.4M50xas long as short
Variational Omni ONE+0.0100%1h0.003779−3.339%$93K$36K—as long as short