Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.2% APRnext payment −$1.20 per $10,000 · paid last 24h +0.049%
Price spread now: BloFin against KuCoin+0.035%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1461.460% of the position
Funding, last 7 days+0.103%+$10 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.035%, 7d avg +0.073%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.037% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.073%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.103%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin AAPLUSDTM | 338.75 | 0.0100 | pay 0.0100% / 8h | 4h 08m | $1.4M | $27K | 20x |
| Short | BloFin AAPL-USDT | 338.87 | −0.0020 | pay 0.0020% / 8h | 4h 08m | $342K | $168K | 20x |
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
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
- −$25.29
- Price spread: +0.035% → +0.073%
- −$3.75
- Slippage, 4 orders
- −$121.99
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$175.03
- Costs to cover
- 1.460%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; BloFin: live order book, 26 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, 7 min ago | 6.34 bp | 68.5 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 26 min ago | 0.15 bp | 6.1 bp −$6 | 7.0 bp −$70 | 14.4 bp −$1,436 | doesn't fit |
AAPL on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0256% | 4h | 338.81 | +0.019% | $81K | $326K | 20x | as long as short |
| Nado AAPL-PERP | −0.0026% | 1h | 338.74 | −0.002% | $554K | $38K | 20x | as long as short |
| BloFin AAPL-USDTshort | −0.0020% | 8h | 338.87 | +0.035% | $342K | $168K | 20x | |
| Aster AAPLUSDT | 0.0000% | 8h | 338.75 | −0.001% | $122K | $290K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 338.75 | −0.001% | $284K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 338.83 | +0.022% | $21.9M | $67.1M | 25x | as long as short |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.79 | +0.012% | $5.9M | $47.1M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.87 | +0.035% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.68 | −0.021% | $3.0M | $4.3M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 338.94 | +0.056% | $6.2M | $3.5M | 100x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 338.88 | +0.037% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.92 | +0.050% | $17K | $411K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.87 | +0.035% | $678 | $4.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | 0.0000% | 1h | 338.67 | −0.024% | $28K | $67K | 10x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 338.99 | +0.071% | $53K | $226K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.95 | +0.059% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0031% | 1h | 338.82 | +0.021% | $3.2M | $4.6M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.73 | −0.007% | $782K | $2.5M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.74 | −0.003% | $947K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 338.77 | +0.006% | $266K | $66K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.65 | −0.030% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 338.75 | 0.000% | $40.5M | $75.9M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.75 | 0.000% | $278K | $426K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.75 | 0.000% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.63 | −0.035% | $1.3M | $2.5M | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0080% | 1h | 338.74 | −0.003% | $36K | — | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0080% | 1h | 338.78 | +0.009% | $659K | $661K | 10x | as long as short |
| KuCoin AAPLUSDTMlong | +0.0100% | 8h | 338.75 | long leg | $1.4M | $27K | 20x | |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.67 | −0.024% | $946K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.77 | +0.006% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.74 | −0.002% | $11K | — | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.66 | −0.027% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0283% | 1h | 338.85 | +0.030% | $5K | $11K | 20x | as long as short |
KuCoin AAPLUSDTM
BloFin AAPL-USDT
edgeX AAPLUSDC
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDT
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
Deribit AAPL_USDC-PERPETUAL
HTX AAPL-USDT
Phemex AAPLUSDT
Lighter AAPL
Lighter RH AAPL
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Coinbase International AAPL-PERP-INTX
ApeX Omni AAPLUSDT
Injective AAPL/USDC PERP
Phoenix AAPL