Settings8H · net · $10k
Funding arb · Price arb /

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC−0.0246%/8hnext payment $1.23 per $10,000 · paid last 24h −0.126%
Price spread now: KuCoin against BloFin−0.084%7-day average −0.153% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,090as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,048as in the Price arb table
costs, in and out, $10k−$1,05510.549% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.353%−$35 on $10k
Price spread, last 3 days (all we have)−0.085%−$8 · spread now −0.084%, 7d avg −0.153%
Together, before fees−0.438%−$44 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.068% dearer against BloFin than usual: you sell high and buy low (spread −0.084% now, against its 7-day average of −0.153%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 22 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin US-USDT0.016610.0346pay 0.0173% / 4h4m 46s$490K$50K10x
ShortKuCoin USUSDTM0.016590.0100get 0.0050% / 4h4m 46s$4.3M$268K20x

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
−$51.75
Price spread: −0.084% → −0.153%
$6.82
Slippage, 4 orders
−$1,030.88
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,099.81
Costs to cover
10.549%
Break-even
never at this rate
Slippage from BloFin: live order book, 25 min ago; KuCoin: 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 BloFin live order book, 25 min ago0.90 bp29.8 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago15.68 bp433.9 bp −$434doesn't fitdoesn't fitdoesn't fit

US on 11 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
Bybit USUSDT+0.0100%4h0.01661+0.024%$3.3M$797K20xas long as short
Gate US_USDT+0.0100%4h0.01659−0.066%$2.1M$546K20xas long as short
KuCoin USUSDTMshort+0.0100%4h0.01659−0.084%$4.3M$268K20x
Variational Omni US+0.0100%4h0.01663+0.144%$16K$3Kas long as short
Aster USUSDT+0.0149%4h0.01662+0.080%$12K$55K5xas long as short
BloFin US-USDTlong+0.0346%4h0.01661long leg$490K$50K10x
MEXC US_USDT+0.0358%4h0.016610.000%$5.6M$117K100xas long as short
Binance USUSDT+0.0360%4h0.01661+0.003%$9.3M$3.0M10xas long as short
Extended US-USD+0.0360%1h0.01660−0.015%$4K$141K5xas long as short
BingX US-USDT+0.0618%4h0.01662+0.072%$1.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USUSDT+0.0660%4h0.01663+0.145%$4.4M$244K10xas long as short