Funding you earn now, next payment 16:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.41 per $10,000 · paid last 24h +0.033%
Price spread now: BloFin against KuCoin−0.004%110s7-day average +0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$360.357% of the position
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 4 days (all we have)−0.169%−$17 · spread now −0.004%, 7d avg +0.097%
=Funding pays, the price is against you. BloFin is 0.101% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.097%). If the spread goes back, that is −$10 on $10k: about 8.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.192% in total) that is about 3.7 days. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BNBUSDTM | 787.14 | 0.0100 | pay 0.0100% / 8h | 7h 21m | $27.8M | $9.9M | 75x |
| Short | BloFin BNB-USDT | 787.11 | 0.0141 | get 0.0141% / 8h | 7h 21m | $17.8M | $2.2M | 75x |
KuCoin BNBUSDTM
BloFin BNB-USDTFunding 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
- $8.58
- Price spread: −0.004% → +0.097%
- −$10.07
- Slippage, 4 orders
- −$11.72
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$37.21
- Costs to cover
- 0.357%
- Break-even
- 37.4 days
Slippage from KuCoin: live order book, 8 min ago; BloFin: 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 KuCoin live order book, 8 min ago | 1.34 bp | 10.3 bp −$10 | 19.1 bp −$191 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.44 bp | 6.4 bp −$6 | 9.1 bp −$91 | 17.7 bp −$1,767 | doesn't fit |
BNB on 46 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0166% / S +0.0337% | 1h | 786.72 | −0.054% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.66 | +0.066% | $4K | — | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0021% | 1h | 787.00 | −0.018% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 786.95 | −0.024% | $3.0M | $27.0M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.59 | +0.057% | $849K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.12 | −0.002% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0018% | 8h | 788.40 | +0.160% | $6.0M | $18.2M | 200x | as long as short |
| BingX BNB-USDT | +0.0028% | 8h | 788.00 | +0.109% | — | $22.1M | — | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.280% | $19K | $789K | 30x | as long as short |
| MEXC BNB_USDT | +0.0035% | 8h | 789.50 | +0.300% | $82.9M | $12.3M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
BingX BNB-USDT
Injective BNB/USDC PERP
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0035% | 8h | 788.42 | +0.163% | $489.5M | $805.0M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.24 | +0.012% | $2.7M | $3.7M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.15 | +0.001% | $1.4M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.20 | +0.135% | $51.7M | $17.4M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.40 | +0.033% | $1.2M | $937K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.80 | +0.084% | $138.8M | $72.4M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.80 | +0.084% | $53.5M | $109.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.50 | +0.046% | $52K | $125K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.90 | +0.097% | $39.7M | $56.1M | 75x | as long as short |
| KuCoin BNBUSDTMlong | +0.0100% | 8h | 787.14 | long leg | $27.8M | $9.9M | 75x | |
| Bitget BNBUSDT | +0.0100% | 8h | 787.40 | +0.033% | $75.5M | $32.1M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.62 | +0.061% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 783.60 | −0.450% | $4.3M | $5.0M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 786.58 | −0.072% | $4.1M | $76.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 786.61 | −0.067% | $158K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.39 | +0.032% | $132K | $922K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 788.11 | +0.123% | $265K | $357K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 784.27 | −0.365% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.45 | +0.039% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.30 | +0.020% | $387K | $940K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.90 | −0.031% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.55 | +0.052% | $78K | $47K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.85 | −0.037% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.92 | +0.099% | $378K | $110K | 10x | as long as short |
| Phemex BNBUSDT | +0.0106% | 8h | 787.79 | +0.083% | $68.6M | $51.1M | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0109% | 8h | 787.30 | +0.020% | $160K | $2.6M | 4.8x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 787.14 | 0.000% | $548K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 785.71 | −0.182% | $158K | $38K | 10x | as long as short |
| BloFin BNB-USDTshort | +0.0141% | 8h | 787.11 | −0.004% | $17.8M | $2.2M | 75x | |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 787.61 | +0.060% | $1.5M | $141K | 25x | as long as short |
| Bulk BNB-USD | +0.0200% | 1h | 784.80 | −0.297% | $636K | $630 | 10x | as long as short |
| dYdX BNB-USD | +0.0211% | 1h | 787.48 | +0.043% | $158K | $65K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0232% | 1h | 787.91 | +0.098% | $28K | $3K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0319% | 1h | 787.52 | +0.048% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0355% | 1h | 787.27 | +0.017% | $1.1M | $887K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0408% | 1h | 787.26 | +0.015% | $67K | $39K | 12x | as long as short |
Binance BNBUSDT
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
Kalshi KXBNBPERP
Coinbase International BNB-PERP-INTX
Phoenix BNB
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
dYdX BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P