Funding you earn now, next payment 08:00 UTC+0.0391%/8h= +42.8% APRnext payment +$1.95 per $10,000 · paid last 24h +0.034%
Price spread now: KuCoin against BloFin−0.170%7-day average −0.133% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$970.970% of the position
Funding, last 7 days+0.229%+$23 on $10k
+Price spread, last 4 days (all we have)+0.454%+$45 · spread now −0.170%, 7d avg −0.133%
=Funding pays, the price is against you. KuCoin is 0.037% cheaper against BloFin than usual: you would sell low and buy high (spread −0.170% now, against its 7-day average of −0.133%). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.229% in total) that is about 27 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.229% in total (about 12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.95 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PIEVERSE-USDT | 1.8143 | 0.0431 | pay 0.0216% / 4h | 2h 25m | $1.1M | $2.3M | 40x |
| Short | KuCoin PIEVERSEUSDTM | 1.8112 | 0.0822 | get 0.0411% / 4h | 2h 25m | $13.8M | $2.4M | 20x |
BloFin PIEVERSE-USDT
KuCoin PIEVERSEUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $82.08
- Price spread: −0.170% → −0.133%
- −$3.72
- Slippage, 4 orders
- −$72.99
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$18.64
- Costs to cover
- 0.970%
- Break-even
- 8.6 days
Slippage from BloFin: live order book, 3 min ago; KuCoin: live order book, 3 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 BloFin live order book, 3 min ago | 1.10 bp | 19.6 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 10.72 bp | 27.3 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
PIEVERSE on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PIEVERSEUSDT | +0.0100% | 4h | 1.8141 | −0.011% | $10.9M | $10.6M | 20x | as long as short |
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.8092 | −0.281% | $8.3M | $3.4M | 25x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8121 | −0.124% | $48K | $11K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8118 | −0.138% | $1K | $697K | 20x | as long as short |
| Bitget PIEVERSEUSDT | +0.0158% | 4h | 1.8149 | +0.035% | $3.9M | $2.1M | 10x | as long as short |
| BloFin PIEVERSE-USDTlong | +0.0431% | 4h | 1.8143 | long leg | $1.1M | $2.3M | 40x | |
| Binance PIEVERSEUSDT | +0.0464% | 4h | 1.8140 | −0.015% | $21.4M | $27.1M | 20x | as long as short |
| Extended PIEVERSE-USD | +0.0464% | 1h | 1.8139 | −0.022% | $39K | $209K | 5x | as long as short |
| MEXC PIEVERSE_USDT | +0.0466% | 4h | 1.8137 | −0.033% | $2.5M | $818K | 20x | as long as short |
| edgeX PIEVERSEUSDC | +0.0483% | 4h | 1.8133 | −0.058% | $37K | $430K | 10x | as long as short |
Bybit PIEVERSEUSDT
Gate PIEVERSE_USDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
Bitget PIEVERSEUSDT
Binance PIEVERSEUSDT
Extended PIEVERSE-USD
MEXC PIEVERSE_USDT
edgeX PIEVERSEUSDCShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIEVERSE-USDT | +0.0554% | 4h | 1.8141 | −0.011% | — | $7.1M | — | as long as short |
| OKX PIEVERSE-USDT-SWAP | +0.0582% | 4h | 1.8144 | +0.006% | $7.2M | $17.6M | 20x | as long as short |
| Aster PIEVERSEUSDT | +0.0690% | 4h | 1.8104 | −0.213% | $168K | $241K | 5x | as long as short |
| KuCoin PIEVERSEUSDTMshort | +0.0822% | 4h | 1.8112 | −0.170% | $13.8M | $2.4M | 20x |
BingX PIEVERSE-USDT
OKX PIEVERSE-USDT-SWAP
Aster PIEVERSEUSDT