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

B

all B markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC−0.0059%/8hnext payment $0.30 per $10,000 · paid last 24h −0.078%
Price spread now: KuCoin against BloFin−0.367%80s7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$807as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$7857.851% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.215%−$22 on $10k
Price spread, last 3 days (all we have)+1.111%+$111 · spread now −0.367%, 7d avg −0.101%
Together, before fees+0.896%+$90 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.265% cheaper against BloFin than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.101%). Swap the legs. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin B-USDT0.20190.0527pay 0.0264% / 4h19m 57s$600K$40K20x
ShortKuCoin BUSDTM0.20120.0468get 0.0234% / 4h19m 57s$1.9M$69K10x

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
−$12.47
Price spread: −0.367% → −0.101%
−$26.51
Slippage, 4 orders
−$761.1
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$824.08
Costs to cover
7.851%
Break-even
never at this rate
Slippage from BloFin: live order book, 10 min ago; KuCoin: live order book, 10 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, 10 min ago2.48 bp21.9 bp −$2293.5 bp −$935doesn't fitdoesn't fit
Sell KuCoin live order book, 10 min ago6.46 bp400.4 bp −$400doesn't fitdoesn't fitdoesn't fit

B 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 BUSDT+0.0100%4h0.2014−0.272%$1.8M$874K13xas long as short
Gate B_USDT+0.0100%4h0.2012−0.347%$3.4M$572K20xas long as short
Bitget BUSDT+0.0204%4h0.2017−0.099%$2.7M$216K10xas long as short
KuCoin BUSDTMshort+0.0468%4h0.2012−0.367%$1.9M$69K10x
BingX B-USDT+0.0518%4h0.2015−0.198%$1.2Mas long as short
BloFin B-USDTlong+0.0527%4h0.2019long leg$600K$40K20x
MEXC B_USDT+0.0558%4h0.2015−0.198%$953K$375K100xas long as short
edgeX BUSDC+0.0559%4h0.2019−0.019%$3K$396K5xas long as short
Binance BUSDT+0.0565%4h0.2016−0.149%$11.6M$2.0M20xas long as short
Extended B-USD+0.0568%1h0.2016−0.158%$15K$117K5xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BUSDT+0.1275%4h0.2016−0.126%$1.9M$180K5xas long as short